LIC Jeevan Akshay VI (Annuaity)


LIC Jeevan Akshay VI Plan is Best Pension policy in LIC in which any one can start Immeaidiate Pension. For this you have to pay lump sum amount to LIC and start pension for life.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. Various options are available for the type and mode of payment of annuities.

Features Benefits of LIC Jeevan Akshay-VI

There are Seven options with this Policy.

  1. Pension for Whole Life – Pension will be paid till annuitant Alive.
  2. Pension for Period – Pensioner has option 5, 10, 15 or 20 years for choose pension, thereafter as long as pensioner is alive.
  3. Pension with return of Annuity Price – Pension will continue till annuitant is Alive.
  4. Annuity Increase – Annuity will increase 3% per year till Annuitant is Alive.
  5. Joint Life Annuity Option with 50% to Spouse– in this option Annuitant will get whole life Pension but after his death spouse will get only 50% of Annuitant Pension.
  6. Joint Life Annuity option with 100% to Spouse– in this option Spouse will get 100% pension till alive.
  7. Joint Life Annuity option with 100% to Spouse with Return of Purchase Price– in this option, Spouse will get 100% Pension but after her death Purchase price return to Last Survivor.

Income tax Benefit :Income Tax Benefits available under section 80C on Paid Premium.

Eligibility conditions and other restrictions in LIC Jeevan Akshay VI Plan


Age: Age should be Minimum 30 years and Maximum 85 years. Age Proof Required for this Policy.

Medical: No Medical check-up required for this Policy.

Annuity Limit:No any annuity limit for LIC Jeevan Akashay-VI, But minimum will be 1 Lakh .

Loan Option with LIC Jeevan Akshay-VI: No any Loan Option available with Policy.

Surrender Value: No, any surrender Value with this Policy.

Cooling Off Period: You can cancel this policy within 15 days, after receiving of bond if not satisfied with Terms. LIC will charge only stamp duty & return all amount and cancel this policy.

For more details please contact: +91 9551640358