Lic Jeevan Akshay
vs
Fixed Maturity Plan

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Lic Jeevan Akshay vs Fixed Maturity Plan

Lic Jeevan Akshay

LIC Jeevan Akshay VI Plan is an immediate annuity pure pension plan for senior citizens provided by one of the top ranked insurance companies in India, Life Insurance Corporation of India (LIC). It is a smart retirement investment plan, a lump sum amount is to be paid to purchase the policy. Under t...

Fixed Maturity Plan

Aditya Birla Sunlife Fixed Maturity Plan is a non-linked, non-participating endowment product providing fully guaranteed benefits as a lump-sum on maturity. ABSLI Fixed Maturity Plan is a savings vehicle that offers life insurance protection and savings advantages to protect your loved ones from fin...

PLAN DETAILS

Lic Jeevan Akshay


Fixed Maturity Plan

Premium Including GST
Key Features
(Key features of the plan)
  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
  • Tax Benefits u/s 80C & 10 (10D)
  • Single Premium
  • ZERO Withdrawal Charges
Plan Uniqueness
  • Death Benefits
  • Participation in profits
  • No medical examination
  • Policy loan
  • Enhanced sum assured
  • Tax benefit
Plan Maturity age Maximum Maturity Age - NA 70 years
Premium payment term 5 to 20 years Single, Limited, Regular
Plan Entry Age Minimum Age - 25 years Maximum Age - 85 years 8 years
Sum assured Rs 10 lakh to No limit Rs. 15000- no limit
Premium payment frequency Annual, half-yearly, quarterly & monthly Single, Limited, Regular
Plan Sample Premium - -
Plan Brochure Brochure URL Brochure URL
Policy tenure Minimum term - 10 years Maximum term - 20 years Minimum-5 to Maximum-10 years.
Claim Settlement Ratio (2023-24) 98.62 98.12

Know More About Plans

Overview

LIC Jeevan Akshay VI Plan is an immediate annuity pure pension plan for senior citizens provided by one of the top ranked insurance companies in India, Life Insurance Corporation of India (LIC).

It is a smart retirement investment plan, a lump sum amount is to be paid to purchase the policy. Under this annuity plan, pension for a regular interval of time immediately after the payment of premium is received by the insured. The type and mode of payment is to be selected by the policyholder from multiple options available.

The plan is ideal for retired people so as to remain independent and financially stable after their retirement.

LIC Jeevan Akshay Plan offers you a range of benefits including:

why-choose
  • Death Benefits
  • Maturity Benefits
  • Loyalty Additions
  • Policy Revival
  • Multiple Rider Options

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Bijender Singh

Reviewed By: Bijender Singh

With 9 years of progressive experience in the insurance industry, including 7 years at Policy X, I have honed my expertise in Life and Health Insurance. My strengths lie in devising customer-centric solutions, streamlining insurance processes, and delivering exceptional service. I have successfully led high-performing teams, excelling in business planning, manpower management, and strategic decision-making.