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Fixed Maturity Plan
| PLAN DETAILS |
Lic |
Fixed Maturity Plan |
| Premium Including GST | ||
| Key Features (Key features of the plan) |
|
|
| Plan Uniqueness |
|
|
| Plan Maturity age | Maximum Maturity Age - Whole life | 70 years |
| Premium payment term | - | Single, Limited, Regular |
| Plan Entry Age | Minimum Age - 25 years Maximum Age - 100 years | 8 years |
| Sum assured | Rs 1 lakhs 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 - 5 years Maximum term - Whole life | Minimum-5 to Maximum-10 years. |
| Claim Settlement Ratio (2024-25) | 98.5% | 98.65% |
Jeevan Akshay- VII (Table No. 857) is a single premium, non-linked, and non-participating immediate annuity plan. It pays annuity or pension to the policyholder on annuity age. The annuity plan also allows joint life cover. The plan provides annuity payments of a stated amount throughout the lifetime of the annuitant.
LIC Jeevan Akshay Plan offers various annuity options for policyholders to choose from.
LIC Jeevan Akshay VII Plan offers you a range of benefits including:
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