Lic Jeevan Akshay
vs
Lic Jeevan Shikhar

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:

• Death Benefits
• Maturity Benefits
• Loyalty Additions

• Policy Revival
• Multiple Rider Options

Of the many efficient plans of LIC, the Jeevan Shikhar Plan stands out in terms of benefits and simplicity of terms. The endowment plan was initially launched as a close-ended plan which was only available 120 days after the release date, but the terms are revised now. The programs offer you a great cover provided you are ready to take the associated risk, which is 10 times the usual tabular single premium.

The plan can be termed as a saving cum protection single premium plan which is non-linked and participating. The person availing the plan is offered a choice to choose the desired maturity sum assured, the premium thus varies and depends on the maturity sum assured chosen. However, there is a minimum amount cap that is Rs. 100,00.

Any person between the ages of 6-45 can avail of this program. The program has provision for liquidity and the insured person can avail a loan on the deposit. The term period of the plan would be 15 years the maturity sum assured will be in the form of multiples of Rs. 20,000.

LIC Aadhaar Stambh Plan offers you a range of benefits including:

• Death Benefits
• Maturity Benefits
• Loyalty Additions

• Loan facility
• Rebate on Premium