LIC's JEEVAN AKSHAY VI (UIN: 512N234V06)

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.

The policy does not acquire any paid-up value. No surrender value will be available and No loan will be available under the policy.

Online Incentive Rebate of 1% by way of increase in the basic annuity rate will be available.
Immediate Annuity Starts as early as next month.
Single Premium Pay - Once - Enjoy - Forever
Purchase Limits Minimum purchase price : Rs.1,50,000/-
No maximum limits for purchase price, annuity etc.
Incentive for High Purchase Price If your purchase price is Rs. 2,50,000/- or more, you will receive higher amount of annuity due to available incentives.
Age Limits Minimum age at entry: 30 years
Maximum age at entry: 85 years
Age proof is necessary
Medical No medical examination is required.
Annuity Options Seven options of annuity to choose from.
Annuity Mode Annuity may be paid either at monthly, quarterly, half yearly or yearly intervals. You may opt any mode of payment of Annuity.

You may choose any one from the below mentioned annuity options

(A). Annuity payable for life at a uniform rate.
(B). Annuity payable for 5(B), 10(C), 15(D) or 20(E) years certain and thereafter as long as the annuitant is alive.
(F). Annuity for life with return of purchase price on death of the annuitant.
(G). Annuity payable for life increasing at a simple rate of 3% p.a.
(H). Annuity for life with a provision of 50% of the annuity payable to spouse during his/her lifetime on death of the annuitant.
(I). Annuity for life with a provision of 100% of the annuity payable to spouse during his/her lifetime on death of the annuitant.
(J). Annuity for life with a provision of 100% of the annuity payable to spouse during his/ her life time on death of annuitant. The purchase price will be returned on the death of last survivor.
Please note - Once chosen, the option cannot be altered.

Amount of annuity payable at yearly intervals which can be purchased for Rs. 1,50,000/- under different options is as under:

Age last birthday Yearly annuity amount under annuity option
(A) (D)
(15 yrs
certain)
(F) (G) (H) (I) (J)
30 9832 9802 9317 7030 9666 9499 9287
40 10332 10257 9378 7590 10029 9741 9317
50 11317 11060 9454 8620 10741 10211 9378
60 13181 12378 9575 10499 12105 11196 9454
70 17286 14014 9757 14544 15014 13256 9605
80 25997 14968 10029 23013 21104 17756 9802