Skip to main content


Showing posts with the label Finance

LIC Jeevan Akshay-VI

LIC Jeevan Akshay-VI Policy: It is an immediate annuity plan.It can be purchased buy paying lump sum amount. Plan provides fixed annuity till the maturity. Various options are available for annuity. Key Features: This is an immediate annuity plan.  Annuity is paid life time at fixed rate or as specified below.   Death benefit: on death of the insured, assured sum is payable to the nominee or annuity of nominee starts.  Accidental death and other riders can be added at nominal top up.  Plan is tax exempted under 80(C) and 10(D). Policy benefits: fixed annuity.  Death Benefits as below:  payable to the nominee the sum assured. Accidental death and disability benefit: No rider can be availed. Tax benefit: Premium is exempted from tax under 80(C) Sum assured is exempted from tax under 10(D) Options of annuity: Annuity payable for life at a uniform rate. Annuity payable for 5, 10, 15 or 20 years certain and thereafter as long as the annuitant is alive. An