<p>LIC has ;customized ;<a title="Jeevan Akshay VI – Pension plan" href="https://mypaisa.in/lic-jeevan-akshay-vi/" target="_blank" rel="noopener">traditional Jeevan Akshay VI</a> the only immediate pension plan to sell it online due to the huge demand for online LIC policy. Jeevan Akshay VI is the single premium pension plan.</p>



<p><strong>Features:</strong></p>



<ul class="wp-block-list"><li>It&#8217;s a single premium pension plan with a minimum purchase price of Rs.1,00,000/- (except online.)</li><li>If you want to buy it online the minimum purchase would be Rs.1,50,000/-</li><li>No maximum purchase price limit or pension.</li><li>Minimum entry age: 30 years (completed)</li><li>Maximum entry age: 85 years (completed).</li><li>No medical examination is needed in this plan.</li><li>Age proof must be produced.</li></ul>



<p><em>New Jeevan Akshay VI</em> can be bought online and offline with these 7 pension Options:</p>



<ol class="wp-block-list"><li>Annuity payable for life at a fixed rate.</li><li>Annuity payable for 5, 10, 15, or 20 years certain and thereafter as long as the annuitant is alive. (4 Options)</li><li>Annuity for life with return of purchase price on death of the annuitant.</li><li>Annuity payable for life increasing at a simple rate of 3% p.a.</li><li>Annuity for life with a provision of 50% of the annuity payable to spouse during his/her lifetime on death of the annuitant.</li><li>Annuity for life with a provision of 100% of the annuity payable to spouse during his/her lifetime on death of the annuitant.</li><li>Annuity for life with a provision of 100% of the annuity payable to spouse during his/ her lifetime on death of the annuitant. The purchase price will be returned on the death of the last survivor.</li></ol>



<p>Anyone who is eligible for the above plan can buy it online or contact their LIC agent to enroll it offline.</p>



<p><strong>Flexible Pension option:</strong><br />Receive pension monthly, quarterly, half-yearly, or yearly.</p>



<p><strong>Surrender value:</strong><br />There is no surrender value for this policy, hence you can not surrender.</p>



<p><strong>Loan:</strong><br />No loan ;available ;under this plan.</p>



<p><strong>Service tax:</strong><br />Service tax shall be payable by the policyholder along with the purchase price.</p>



<p><strong>Which ;Proposal ;form?</strong><br />Proposal Form 440 (IA) should be used under this plan for the offline policy.</p>



<p><strong>Example:</strong>  ;If Mr. Rakesh (Age 40 ) buys an online pension plan with the minimum purchase price of Rs.1.5 lac He will need to pay Rs.1,50,000/- plus Rs.4635/- service tax (This may change as service tax change) total: Rs.1,54,635/- Depending on 7 options chosen Mr. Rakesh will get approx. 10,000 to 11,200/- annual pension. for more details click her</p>

This post was last modified on March 22, 2021
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