Life Insurance Products

Founded in 1956, Life Insurance Corporation of India (LIC) is the largest life insurance company in the country with a total income of Rs. 492626.60 crore and total assets worth Rs. 2572028.34 Cr It’s fully owned by the Government of India & is also the county’s largest investor.

Understand Life Insurance
Plan No. 857
Table No. 857 :Jeevan Akshay- VII
Plan Benefits
  • Jeevan Akshay is a single Premium Annuity Plan giving Immediate Annuity for Life time.
  • It has multiple options to choose from including increasing pension every year.
  • You can opt for Joint Life option
  • Loan is available after completion of 3 months
  • NPS subscribers can also opt for this pension plan
  • Death Benefit can be obtained in Lump sum or in the form of Annuity
  • Benefit to Dependent Person with Disability
  • Policyholder will get Tax Benefit under sec 80C.
Eligibility Criteria
Min. Max.
Age 30 Years 85 Years (Last Birthday) except option F
100 Years (Last Birthday) for option F
Purchase Price Rs. 1,00,000 No Limit
Pension Rs. 1000 (Monthly)
Rs. 3000 (Quarterly)
Rs. 6000 (Quarterly)
Rs. 12,000 (Yearly)
No Limit

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