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Product Information
Founded in 1956, Life Insurance Corporation of India (LIC) is the largest life insurance company in the country with a total income of Rs. 492626.60 crore and total assets worth Rs. 2572028.34 Cr It’s fully owned by the Government of India & is also the county’s largest investor.
Understand Life Insurance
Dhan Sanchay
Saral Jeevan Bima
Bachat Plus
New Endowment Plan
New Jeevan Anand
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Jeevan Labh
Aadhaar Shila
Jeevan Lakshya
Single Payment Endowment
Bima Jyoti
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Jeevan Lakshya
New Children’s Money Back Plan
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New Jeevan Anand
Saral Pension
Jeevan Akshay- VII
Jeevan Shanti
Cancer Cover
Jeevan Arogya
Jeevan Amar
Jeevan Umang
Bima Shree
Jeevan Shiromani
New Money Back Plan 25 Years
New Money Back Plan
New Bima Bachat
Dhan Rekha
New Pension Plus
SIIP
Nivesh Plus
New Endowment Plus
Plan No. 857
Table No. 857 :Jeevan Akshay- VII
Plan Benefits
Jeevan Akshay is a single Premium Annuity Plan giving Immediate Annuity for Life time.
It has multiple options to choose from including increasing pension every year.
You can opt for Joint Life option
Loan is available after completion of 3 months
NPS subscribers can also opt for this pension plan
Death Benefit can be obtained in Lump sum or in the form of Annuity
Benefit to Dependent Person with Disability
Policyholder will get Tax Benefit under sec 80C.
Eligibility Criteria
Min.
Max.
Age
30 Years
85 Years (Last Birthday) except option F
100 Years (Last Birthday) for option F
Purchase Price
Rs. 1,00,000
No Limit
Pension
Rs. 1000 (Monthly)
Rs. 3000 (Quarterly)
Rs. 6000 (Quarterly)
Rs. 12,000 (Yearly)
No Limit
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