The Jeevan Akshay policy is open for everyone between the ages of 30 and 85. You can join the plan as a joint investor or a sole investor. It requires a minimum investment of Rs 1 lakh. There is no upper limit for the investment amount. A qualified financial advisor can help you choose the best policy for your needs.
The Jeevan Akshay policy has several benefits that you can enjoy. The policy offers a death benefit and 7 annuity payable options. You can choose from a lifetime annuity, an annuity payable for life, and annuity payout based on the purchase value.
Jeevan Akshay VI Plan is an annuity pension plan from the Life Insurance Corporation. You can buy it with a lump sum and receive a fixed annuity amount every month, quarterly, half-year, or annually. The payout amounts are fixed, and are based on the amount of money you invested in the policy. It is ideal for people who want to enjoy the benefits of a steady income after retirement.
When purchasing a Jeevan Akshay policy, you should consider how the pension will benefit your spouse. You can buy it online, or with an insurance advisor. The Jeevan Akshay policy has a low initial purchase price and an attractive annuity rate.