LIC's Jeevan Akshay VI

It is an Immediate Annuity plan, which can be purchased by paying a lump sum amount. The plan provides for annuity payments of a stated amount throughout the life time of the annuitant.

The policy does not acquire any paid-up value. No surrender value will be available and No loan will be available under the policy.

Online Incentive		Rebate of 1% by way of increase in the basic annuity rate will be available.
Immediate Annuity		Starts as early as next month.
Single Premium		Pay - Once - Enjoy - Forever
Purchase Limits		Minimum purchase price : Rs.1,50,000/- No maximum limits for purchase price, annuity etc.
Incentive for High Purchase Price		If your purchase price is Rs. 2,50,000/- or more, you will receive higher amount of annuity due to available incentives.
Age Limits		Minimum age at entry: 30 years Maximum age at entry: 85 years Age proof is necessary
Medical		No medical examination is required.
Annuity Options		Seven options of annuity to choose from.
Annuity Mode		Annuity may be paid either at monthly, quarterly, half yearly or yearly intervals. You may opt any mode of payment of Annuity.

You may choose any one from the below mentioned annuity options

(i).	Annuity payable for life at a uniform rate.
(ii).	Annuity payable for 5, 10, 15 or 20 years certain and thereafter as long as the annuitant is alive.
(iii).	Annuity for life with return of purchase price on death of the annuitant.
(iv).	Annuity payable for life increasing at a simple rate of 3% p.a.
(v).	Annuity for life with a provision of 50% of the annuity payable to spouse during his/her lifetime on death of the annuitant.
(vi).	Annuity for life with a provision of 100% of the annuity payable to spouse during his/her lifetime on death of the annuitant.
(vii).	Annuity for life with a provision of 100% of the annuity payable to spouse during his/ her life time on death of annuitant. The purchase price will be returned on the death of last survivor.

Amount of annuity payable at yearly intervals which can be purchased for Rs. 1,50,000/- under different options is as under:

Age last birthday	Yearly annuity amount under annuity option
Age last birthday	(i)	(ii) (15 yrs certain)	(iii)	(iv)	(v)	(vi)	(vii)
30	10226	10196	9741	7378	10060	9893	9711
40	10726	10635	9802	7923	10414	10120	9741
50	11681	11408	9878	8939	11105	10590	9802
60	13529	12711	9999	10817	12453	11544	9893
70	17650	14332	10196	14877	15347	13590	10029
80	26376	15271	10484	23392	21468	18089	10241