LIC Jeevan Akshay Policy | Plan Premium, Benefits | एलआईसी का जीवन अक्षय प्लान

LIC Jeevan Akshay Policy

The Life Insurance Corporation of India (LIC) offered an Immediate Annuity plan named as LIC Jeevan Akshay Policy”. Individuals can purchase the एलआईसी का जीवन अक्षय प्लान easily by paying the lump-sum amount. The policy holder can pay annuity as per his/her choice that is annually, biannually, quarterly, or monthly. There are 06 options for the plan. The details of the Plan Premium, Benefits, features and other information have been provided below.

LIC New Children’s Money Back Plan

LIC Jeevan Akshay Policy- Features

  • It is an annuity pension plan.
  • There is the option to pay the premium in lumpsum
  • There are 6 options that are
  • Annuity for life
  • Annuity guaranteed for a certain period
  • Annuity with return of purchase price on death
  • Increasing Annuity
  • Joint Life Last Survivor Annuity
  • No need of medical examination
  • There are four options to pay annuity that are monthly, annually, biannually as chosen
  • The corporation will give you special incentives on online purchase of plan
  • No surrender value will be given to policy holder
  • Individuals is not eligible to take a loan against this policy
  • The plan does not acquire any paid-up value

LIC New Jeevan Anand Policy Details

LIC Jeevan Akshay Policy- Eligibility Criteria

Age For Purchase Policy

  • Minimum age-30 years
  • Maximum age- 65 years

Purchase Price of Annuity

  • Minimum purchase- Rs.1,00,000
  • Maximum purchase- No limit

Payment Methods

  • Monthly
  • Quarterly
  • Biannual
  • Annual

BOB Home Loan

LIC Jeevan Akshay Plan- Benefits

Death benefit

The benefit at the time of death will totally depends on the plan choose by the policy holder.

Maturity benefit

This play will not provide any maturity benefit

Income tax benefit

The policy holder will get the tax benefits all the premiums paid for the LIC Jeevan Akshay Plan will be exempted from tax under section 80C of the Income Tax Act.

LIC Jeevan Akshay- Premium Payment

The annuity can be paid

  • Monthly
  • Quarterly
  • Biannual
  • Annual

How To Pay LIC Premium Online (Without Login & Registration)

Here in the below stated example of annuity pay-outs for Rs.1 lakh for different options of the plan.

AgeOption 1Option 2Option 3Option 4Option 5Option 6Option 7
307190716068905250708069706860
407510744069305610731071206890
508140795070006280776074206930
609350879071107530864080307010
701788098307260102201056093707130

Instance

Mr. shivam who is 30 years of age, working professional intends to purchase a LIC Jeevan Akshay policy with a purchase annuity of Rs.50,000. Here are the here option and rates for the plan have a look.

Annuity payable for life

In this option Mr. shivamwill earn pension till he is alive.

PeriodAnnuallyBiannuallyQuarterlyMonthly
Annuity payableRs.3,81,250Rs.1,86,625Rs.92,313Rs.30542

Annuity With Return Of Purchase Price On Death:

The corporation will pay the pension to Mr. shivam till he is alive and the nominee will get the remaining amount after the Mr. shivam dies.

PeriodAnnuallyBiannuallyQuarterlyMonthly
Annuity PayableRs.3,66,250Rs.1,79,125Rs.8,86,88Rs.29,333

Annuity For Life:

PeriodAnnuallyBiannuallyQuarterlyMonthly
Annuity PayableRs.3,70,250Rs.1,81,375Rs.89,688Rs.29,708

How To Buy LIC Policy Online (licindia.in)

Munendra Singh

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