Key Features of LIC Jeevan Akshay Plan
The key features of the LIC Jeevan Akshay plan are:
- It is a one-time investment pension plan
- The plan is available for people above 30 years of age
- Life annuity will be provided after 30 years of age at a fixed ROI
- The plan offers two annuity options – An immediate annuity plan and a deferred annuity plan
- Increment in an annuity is offered at a rate of 3 percent per annum
- In case of unfortunate demise of the policyholder, payment of 50 percent and 100 percent is made to the spouse and ROP i.e., returns of purchase.
- The minimum purchase price is Rs.1,00,000 and Rs.1,50,000 for online sales.
Eligibility of LIC Jeevan Akshay
Entry Age
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30 years to 65 years
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Annuity Options
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Immediate annuity plan
Deferred annuity plan
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Policy Term
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Annuity for life and 5,10,15,20 years and subsequently
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Disclaimer: All savings are provided by the insurer as IRDAI approved insurance plan. Standard T&C applies.
Why LIC Jeevan Akshay is a Good Investment option for NRIs?
The Rate of Interest (ROI) guaranteed by LIC Jeevan Akshay is not available neither in any foreign country nor in any of the other Indian institutes. All the investments made in LIC come with a supreme guarantee from the Indian Government and are 100 percent safe and secure.
If you wish to purchase the right pension plan for securing yourself and your family, LIC Jeevan Akshay is the one-stop solution for you.