LIC Jeevan Akshay VI Plan 2023 Benefits, Features, Details, Reviews

LIC Jeevan Akshay VI Plan – LIC Jeevan Akshay is a Prompt Annuity plan presented by Indian Extra security and venture organization Life coverage Partnership of India (LIC). It is a solitary premium strategy and must be bought by paying a lumpsum sum on the double. The annuity can be paid month to month, quarterly, twice per year or yearly as picked. This annuity plan has 6 choices to look over. When the individual picks a choice, it can’t be changed during as the payout begins promptly with the arrangement.

Looking forward to a bright future? You’re not alone! That’s why LIC Jeevan Akshay VI Plan 2023 was created. This comprehensive financial plan provides you with everything you need to know to achieve your long-term financial goals. From retirement planning to estate planning, the LIC Jeevan Akshay VI Plan 2023 has it all. So if you’re interested in securing your loved ones a comfortable future, be sure to get started with LIC Jeevan Akshay VI Plan 2023 today!

LIC Jeevan Akshay VI Plan 2023

LIC Jeevan Akshay VI is a Fast Annuity Plan introduced by the Existence inclusion Organization of India (LIC). The Jeevan Akshay VI plan can be purchased by paying a particular sum total. The plan offers annuity payouts following the portion of premium for a fiscally got life after your retirement. Jeevan Akshay VI course of action in like manner offers a communicated aggregate during the lifetime of the annuitant. There are a couple of decisions open for the mode and kind of portion of the annuities.

Extra security Company’s Jeevan Akshay-VI Arrangement is an annuity plan with quick annuity benefits which can be profited by paying a solitary premium. Under this arrangement, LIC will pay a decent sum either month to month, quarterly, half yearly or in yearly stretches, as picked among the seven choices by the annuitant. Different pace of interests are accessible in view of the period of buying.

LIC Jeevan Akshay VI Plan

LIC Jeevan Akshay VI Plan 2023 Details

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Overview of LIC Jeevan Akshay VI Plan

The LIC Jeevan Akshay VI plan is an insurance scheme that offers protection against a range of risks. It covers a wide range of categories, including health, property, liability, and accidental death. The plan is available to both individuals and organizations, and it can be customised to fit your specific needs. If you’re looking for comprehensive insurance coverage that you can trust, the LIC Jeevan Akshay VI plan is the right choice for you.

LIC Jeevan Akshay VI is a quick annuity benefits which pays annuities following you purchase the approach. The arrangement offers different annuity choices and you can decide to get annuities in any choice that you like.

Key features of LIC Jeevan Akshay VI Scheme

As the government moves to provide better living conditions to the people, LIC Jeevan Akshay VI Scheme is one such scheme that aims to achieve this goal. This is a government-sponsored health insurance scheme that covers a wide range of medical expenses, including hospitalization, surgeries, and even childbirth. So if you’re looking for affordable health insurance that covers a wide range of medical expenses, LIC Jeevan Akshay VI is the scheme for you. Learn more about this important scheme in this article.

LIC Jeevan Akshay VI has the accompanying key advantages to pay special attention to –

  • A solitary premium is payable to purchase the arrangement. This premium is known as the price tag.
  • There are seven annuity installment choices to browse
  • You can likewise choose joint-life annuity and guarantee monetary security for your mate in your nonappearance
  • There are annuity choices which return the price tag on death. These choices can be chosen for making a heritage for your loved ones
  • You can decide to profit annuity pay-outs yearly, semi-every year, quarterly or month to month according to your prerequisite
  • The arrangement can be purchased without going through any pre-entrance clinical check-ups
  • You get higher annuity rates assuming you address the buy cost of INR 2.5 lakhs or more to purchase the strategy
  • The annuity rate increments by 1% assuming you purchase the approach on the web

Eligibility criteria of LIC Jeevan Akshay VI Plan

Entry age

30 years to 85 years

Purchase price (single premium)

Minimum – INR 1.5 lakhs if the Scheme is bought online otherwise INR 1 lakh

Maximum – no limit

Annuity amount

Relies upon annuity mode, price tag and passage age

Sample annuity rates offered by LIC Jeevan Akshay VI Plan

Given underneath are the example annuity rates which are payable by LIC for various annuity installment choices and at various section ages. It is expected that the price tag is INR 1 lakh, an annuity is payable yearly and the arrangement has been sold disconnected.

Age in years Yearly Annuity under Options
1 2 3 4 5 6 7
30 7180 7160 6890 5250 7080 6970 6860
40 7510 7440 6930 5610 7310 7120 6890
50 8140 7950 7000 6280 7660 7720 6930
60 9350 8790 7110 7530 8640 8030 7010
70 12,080 9830 7260 10,220 10,560 9370 7130
80 17,880 10,440 7480 15,890 14,600 12,340 7290

Surrender value under LIC Jeevan Akshay VI Plan

In the recent past, surrender values of LICs

have been on the rise. This is due to a number of reasons, one of which is the decreasing liquidity in the market and the resultant increase indemand. LICs offer a good return on investment, and as a result, investors are looking to buy LICs in bulk. This has led to an increase in the surrender value of LICs, and this trend is likely to continue in the near future.

On the off chance that you have chosen the annuity choice which discounts the price tag on death, you can benefit an acquiescence esteem in two cases. These examples are as per the following –

On diagnosis of a critical illness

The arrangement covers 21 basic ailments. On the off chance that you are determined to have any of the covered basic disease, you can guarantee an acquiescence esteem under the strategy. The sicknesses covered under the arrangement are as per the following –

  • Open chest CABG (Coronary Artery Bypass Graft)
  • Stroke which causes permanent symptoms
  • Cancer of a specified severity
  • Bone marrow or major organ transplant
  • Fix of the valves of the heart or open heart substitution
  • Permanent paralysis in the limbs
  • Failure of the kidney which requires you to undergo regular dialysis
  • Blindness
  • Angioplasty
  • Motor neurone disease which has permanent symptoms
  • End-stage liver failure
  • Deafness
  • Multiple sclerosis which has persisting symptoms
  • End-stage lung failure
  • Third-degree burns
  • Loss of limbs
  • A major head trauma
  • Primary pulmonary hypertension
  • Loss of speech
  • Benign brain tumour
  • Myocardial infarction

Change of citizenship

In the event that you are moving to another nation forever and your citizenship status is transforming, you can benefit an acquiescence esteem under the strategy.

Under the two cases, the acquiescence worth would be payable solely after the culmination of one year from the date of purchasing the approach. Additionally, no acquiescence worth would be accessible under some other annuity choice aside from the choice wherein the price tag is discounted on death.

Tax benefits of LIC Jeevan Akshay VI Plan

The premium paid for purchasing the strategy is permitted as a derivation under Segment 80CCC of the Personal Expense Act, 1961. You can guarantee a greatest derivation of up to INR 1.5 lakhs. The annuities got, notwithstanding, are viewed as a pay. They are, hence, charged at your annual assessment chunk rates when you get them.

How to buy LIC Jeevan Akshay VI Plan?

LIC Jeevan Akshay VI Arrangement has at present been removed by LIC. You can’t, subsequently, apply for another strategy. Nonetheless, LIC’s Jeevan Shanti Plan has supplanted LIC Jeevan Akshay VI Arrangement and you can purchase that arrangement assuming you are searching for guaranteed annuity approaches.

Other insurance agency likewise offer prompt annuity plans. You can purchase the best prompt annuity plan from . this is restricted with driving disaster protection organizations which offer the absolute best benefits plans.

Other benefits – How you can save with Jeevan Akshay VI Plan?

Looking to save money on your Jeevan Akshay VI plan? Check out our list of other benefits that come with this comprehensive health insurance plan. From preventive care to in-patient treatment, we have you covered. Plus, our extensive network of hospitals and doctors guarantees that you’ll be treated by the best in the business. So what are you waiting for? Get a free quote today!

  • You can apply for this approach online helpfully.
  • Premium number cruncher accessible on the site.
  • Pay your charges online by visiting the authority site of the organization.
  • You can document your cases on the web.
  • No commission installment is expected for online purchasers.

Why you should buy Jeevan Akshay VI Plan from Life Insurance Corporation of India?

Extra security Enterprise has been the main life coverage supplier starting around 1956. More than 245 insurance agency and fortunate social orders have converged to frame LIC. The organization has won numerous honors for its arrangement and its perfect tasks the nation over. Throughout the long term the organization has developed with innovation and has redesigned into numerous internet based stages, making it more straightforward for the clients to arrive at the chiefs and access the right data.

Once more with Jeevan Akshay VI Arrangement, the organization has confronted its trademark ‘Yogakshemam Vahamyaha’, and that signifies ‘Your Government assistance Is Our Obligation’. The arrangement is recommended for the people who plan their retirement life ahead of schedule, with no reliance. With incredible annuity rates for each time of procurement, Jeevan Akshay VI Arrangement is an extraordinary choice.

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