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Buy LIC Jeevan Akshay VI in Greater Noida
Posted by:V.K. sharma, July - 23 - 2018

Buy LIC Jeevan Akshay VI in Greater Noida

Living in peaceful and beautiful area of Greater Noida and planning to enjoy life without worries then you are at the right place. LIC of India’s Jeevan Akshay VI adds more peace and happiness to your life by providing fixed rate of interest through out your life, by investing just once in guaranteed return plan, which is better than FD, provides instant income, without worries of share market for you and for your spouse then there is no better option then to buy LIC Jeevan Akshay VI in Greater Noida.

 

Buy LIC Jeevan Akshay VI in Greater Noida
Buy LIC Jeevan Akshay VI in Greater Noida

Who Can buy Jeevan Akshay VI in Greater Noida?

Entry Age to buy Jeevan Akshay VI in Greater Noida
  • Minimum: 30 years.
  • Maximum: 85 years.

 

BUY LIC JEEVAN AKSHAY VI IN GREATER NOIDA
BUY LIC JEEVAN AKSHAY VI IN GREATER NOIDA

Buy LIC Jeevan Akshay VI in Greater Noida under below mention details

Premium paying mode One time lump sum premium is to be paid that it is a Single Premium Policy
Minimum purchase price  Rs.1,00,000 that is the prospect have to pay Minimum Rs 1 lakh and there is no upper limit.
Minimum purchase price No Limit
Benefits Option A: Annuity (Interest) payable for life at fixed and guaranteed rate
Option B: Annuity payable for 5, 10, 15 or 20 years certain and thereafter as long as the annuitant is alive
Option F: Annuity for life with return of purchase price on death of the annuitant
Option G: Annuity payable for life, with an additional increase of 3% per annum (simple rate)
Option H: Annuity for life, with a provision to ensure that 50% of the annuity will be paid to the spouse of the policyholder during his / her lifetime, on the death of the annuitant.
Option I: Annuity for life, with a provision to ensure that 100% of the annuity will be paid to the spouse of the policyholder during his / her lifetime, on the death of the annuitant.
Option J: Annuity for life, with a provision to ensure that 100% of the annuity will be paid to the spouse of the policyholder during his / her lifetime, on the death of the annuitant. With the purchase price being returned in the event of the death of the last survivor.
Mode Of Pension Or Annuity Or Interest Monthly. Quarterly. Half Yearly. Yearly
High purchase price incentives the purchase price is at least Rs.2,50,00o (or more), a higher amount of annuity will be payable to the annuitant because of incentives.
Tax Taxes will be payable as per prevailing taxation laws.

Features and Benefits:

  • Regular payout of annuity.
  • Flexibility to choose annuity payout from 7 options.
  • Benefits extend to the surviving named spouse / nominee after the death of the annuitant.
  • Excellent retirement solution.
  • Incentives for high purchase price.
  • No medical examinations of any kind are required before taking on this plan.
Buy LIC Jeevan Akshay VI in Greater Noida
Buy LIC Jeevan Akshay VI in Greater Noida

How does this policy work?

Mr. Arjun, a 50 year old working professional buy LIC Jeevan Akshay VI in Greater Noida policy with a purchase annuity of Rs.10,00,000. Given below are the annuity options and rates for three of the plan options.

Period Annually Half-Yearly Quarterly Monthly
Option A Rs 79050 Rs 38625 Rs 19113 Rs 6333
Option F Rs 66750 Rs 32575 Rs 16113 Rs 5333
Option J Rs 66250 Rs 32375 Rs 16038 Rs 5317

Death Benefit:

Unlike other LIC plans, you don’t get any death benefit under this plan. Because once you pay the premium your money back starts in the form of pension. If you choose to get payments even after your death, your spouse will be benefited out of it. Your spouse gets the remaining pensions after you.

 

The rate of Pension:

The rate depends on the type of annuity chosen by the policyholder or the annuitant. There are 7 active types of plans under annuity product. But once decided and the one time premium paid, you cannot change the plan as it is a one-time payment and the benefits starts immediately.

 

Maturity Benefit:

Unlike other LIC plans, you don’t get any maturity benefit under this plan. Because once you pay the premium your money back starts in the form of pension. If you choose to get payments even after your death, your spouse will be benefited out of it. Your spouse gets the remaining pensions after you.

 

Rider Benefit

There is no riders benefit available under this plan, as it is a pure pension based annuity plan.

 

Difference between Jeevan Akshay I, Jeevan Akshay  II, Jeevan Akshay  III, Jeevan Akshay  IV, Jeevan Akshay V and Jeevan Akshay VI.

 

 

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