Is Jeevan Akshay a good investment?

The amount of annuity can be received monthly, quarterly, half yearly, yearly. Is LIC Jeevan Akshay VI Plan a good investment? Certainly. The LIC Jeevan Akshay VI Plan ensures financial independence to people after retirement or to those looking for stable income options.

What is Plan No 189 LIC?

Introduction: It is an Immediate Annuity plan, which can be purchased by paying a lump sum amount. The plan provides for annuity payments of a stated amount throughout the life time of the annuitant.

What is the benefit of Jeevan Akshay policy?

Benefits of LIC Jeevan Akshay Plan Death benefit- Death benefit is paid depending on the plan option chosen by the assured. Maturity benefit-There is no maturity benefit under this plan. Income tax benefit-The plan offers tax benefits.

How much pension will I get Jeevan Akshay?

Details About Premium

Can we surrender Jeevan Akshay?

Very Important – You can surrender your Jeevan Akshay plan ONLY if you had selected the Annuity Option of “Return of Purchase Price”. Also you should have completed one year from the purchase of the plan to surrender it.

Is Jeevan Akshay still available?

LIC Jeevan Akshay VI Plan has been withdrawn by LIC and is not available for sale and purchase. LIC Jeevan Akshay VI Plan is an immediate annuity pure pension plan for senior citizens provided by one of the top ranked insurance companies in India, Life Insurance Corporation of India (LIC).

How can I surrender Jeevan Akshay policy?

Know everything about the working of LIC Jeevan Akshay. Very Important – You can surrender your Jeevan Akshay plan ONLY if you had selected the Annuity Option of “Return of Purchase Price”. Also you should have completed one year from the purchase of the plan to surrender it.

What is the surrender value of Jeevan Akshay VII?

Surrender Value = (F1 * Equivalent annuity amount payable for yearly mode + F2 * Purchase Price) – Annuity installments paid under the policy during the policy year of surrender up to the date of surrender.

What is LIC Jeevan Akshay plan?

LIC Jeevan Akshay is an Immediate Annuity plan offered by Indian Life insurance and investment company Life Insurance Corporation of India (LIC). It is a single premium policy and has to be purchased by paying a lumpsum amount at once.

Can purchase price be returned in Jeevan Akshay plan VI (189)?

No, in this option, purchase price is not returned. Sir, in Jeevan Akshay Plan VI (189) option# 6, Suppose husband is policy holder & wife is nominee, according to policy wife will get purchase price husbands death, my enquiry is : If wife (nominee) death happens before husband, what next. who will get purchase price after husbands death.

What is a Jeevan Akshay annuity?

LIC Jeevan Akshay is a single premium payment plan, meaning that the premium has to be paid in lump sum at once. The annuity can be paid annually, biannually, quarterly or monthly depending on what the assured chooses. Listed below is an illustration of annuity payouts for Rs.1 lakh for different options of the plan.

Is the Jeevan Shanti plan available for sale?

This plan is closed for sale, however similar pension (Annuity) plan Jeevan Shanti is available for purchase. One of following options may be selected at the time of buying plan and the same cannot be changed in the future.