Jeevan Akshay vi Plans-jeevan-akshay-vi-plan

Jeevan Akshay Plan VI is an Immediate Annuity Plan by the Life Insurance Corporation of India (LIC). You can buy Jeevan Akshay plan by making payment of the lump-sum amount. It offers annuity payouts immediately after the payment of premium for a financially secured life after your retirement. Jeevan Akshay VI plan also offers a stated amount during the life time of the annuitant. There are several options are made available for the mode and type of payment of the annuities. LIC Jeevan Akshay Plan-Features It is an Immediate Annuity or Pension Plan with single premium option where the annuity starts immediately after premium payment from the next chosen date. The annuity options can be chosen for a single life (policyholder) or for joint life (policyholder and spouse). No medical check-ups required for Lic’s Jeevan Akshay plan. The annuity options are: Life Annuity at a uniform rate Lifetime Annuity with Return of Purchase Price Life Annuity guaranteed for 5/10/15 or 20 years and thereafter payable for life Life Annuity increasing at a simple rate of 3% p.a. Annuity for life with 50% annuity to spouse after the annuitants death Annuity for life with 100% annuity to spouse after the annuitants death Annuity for life with 100% annuity for spouse after the annuitants death and also Return of Purchase Price after death of the last survivor