What is the interest rate of Jeevan Akshay?
Illustrations
| Policy Details | Sum Assured: Rs. 5 lakhs Policy Purchase Year: 2017 Age: 60 years Pension Mode: Yearly By using a premium calculator, you can calculate the benefit details. |
|---|---|
| Pension Details | Pension Type: Yearly The Rate of Interest: 9.38% Pension Amount: Rs. 48, 903 |
How much pension will I get Jeevan Akshay?
Details About Premium
| Age (Years) | Yearly Annuity Amount | |
|---|---|---|
| 1 | 4 | |
| 30 | 6750 | 4870 |
| 40 | 7080 | 5230 |
| 50 | 7710 | 5900 |
Is Jeevan Akshay a good policy?
Is LIC Jeevan Akshay VI Plan a good policy? Well, the LIC Jeevan Akshay VI Plan is surely a good policy for it comes from one of the most reputed insurance companies of India, LIC. Apart from its credibility, it offers several benefits such as uniform pension plans, lump sum payments, tax deductions, etc.
What is the Jeevan Akshay plan of LIC?
LIC Jeevan Akshay is an Immediate Annuity plan offered by Indian Life insurance and investment company Life Insurance Corporation of India (LIC). It is a single premium policy and has to be purchased by paying a lumpsum amount at once. The annuity can be paid monthly, quarterly, biannually or annually as chosen.
Is LIC Jeevan Akshay closed?
Reportedly, the Life Insurance Corporation of India (LIC) will stop selling one of its most popular annuity products, Jeevan Akshay VI, from December 1, 2017, and is expected to introduce a new version of the plan with revised rates soon.
Is Jeevan Akshay VII good investment?
The Insurer (LIC) pays you Pension immediately. Kindly note that Guaranteed Additions and death benefit are generally not available under the Immediate Annuity plan options. LIC Jeevan Akshay VII Pension Plan offers different kind of annuity variants under Immediate Plan.
Which is better Jeevan Akshay or Jeevan Shanti?
But the annuity rate is slightly higher in Jeevan Akshay. However, Jeevan Shanti has two more options over Jeevan Akshay for immediate annuity on joint life. For a person having taxable income, Jeevan Shanti is a better option as he/she can defer additional tax liability through the deferred annuity option.
Which is better Jeevan Shanti or Jeevan Akshay?
For a person having taxable income, Jeevan Shanti is a better option as he/she can defer additional tax liability through the deferred annuity option. While Jeevan Akshay is an immediate annuity plan, Jeevan Shanti has options of both deferred and immediate annuity.
How can I surrender Jeevan Akshay policy?
Know everything about the working of LIC Jeevan Akshay. Very Important – You can surrender your Jeevan Akshay plan ONLY if you had selected the Annuity Option of “Return of Purchase Price”. Also you should have completed one year from the purchase of the plan to surrender it.