Invest in LIC Jeevan Akshay-7 Policy, Ensure Lifetime Earnings.

LIC Jeevan Akshay-7 Policy

Invest money in Jeevan Akshay-7 LIC scheme

LIC Jeevan Akshay-VII policy (LIC Jeevan Akshay-7): Compatriots believe in the life insurance corporation (LIC) as a symbol of trust. Most people believe that if you have invested in your insurance or any other product, you can be relaxed. In reality, people believe that their money is completely safe here. LIC has launched the Jeevan Akshay-7 policy as of August 25, 2020. Let me tell you, previously this plan was known as Jeevan Akshay VI. LIC stopped this plan in 2018.

Ease of redeeming loan and policy

Investors have also been granted the ability to redeem loans and policies under the LIC Jeevan Akshay 7 program. Explain that LIC New Plan Jeevan Akshay Table Number 857 is a single premium pension plan, in this plan you can pay a lump sum one time. This LIC single premium policy is a personal, unrelated, and non-participating annuity scheme. LIC Jeevan Akshay VII has been launched with 10 options. In these options, you can also choose the possibility of obtaining a pension for your husband or wife after you.

Salient features:

  1. Premium is to be paid in a lump sum.
  2. Minimum purchase price :
    Rs.100,000/- for all distribution channels except online.
    Rs.150,000/- for on line sale.
  3. No medical examination is required under the plan.
  4. No maximum limits for purchase price, annuity etc.
  5. Minimum allowed age at entry is 30 years (completed) and Maximum allowed age at entry is 85 years (completed).
  6. Age proof necessary.

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What is an annuity scheme?

Experts say that income begins to accumulate after a certain time by applying interest on the amount invested in an annuity scheme. Under such a scheme, the insured earns income every month. This means that after making a lump sum investment. you regularly get a fixed income on such plans. Investors have the opportunity to choose from 10 available annuity options by paying a lump sum in the Jeevan Akshay Scheme.

Annuity Rate:
Amount of annuity payable at yearly intervals which can be purchased for Rs. 1 lakh under different options is as under:

Age last birthdayYearly annuity amount under option
( i )( ii ) (15 years certain)( iii )( iv )( v )( vi )(vii) 

Who can buy

Policy This plan is available for the age of 30 years to 85 years, with the option of immediate annuity for life with a refund of the purchase price. In the former it is for a hundred years. At the same time, the scheme can be purchased to benefit the differently-abled (handicapped dependent).

The policyholder obtains a guaranteed annuity rate at the beginning of the policy contract. Under the Jeevan Akshay policy. the insured receives a lifetime annuity. Anyone can buy this policy online or offline. The minimum purchase price of LIC Jeevan Akshay-7 is Rs 1 lakh. Policyholders get monthly, quarterly, semi-annual and annual annuities under the Jeevan Akshay-7 policy. Any insured gets a minimum annuity of 12 lakhs per year. The maximum purchase limit is not set in this policy.

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