Table of Contents
What are the benefits of Jeevan Akshay policy?
Benefits of LIC Jeevan Akshay Plan Death benefit- Death benefit is paid depending on the plan option chosen by the assured. Maturity benefit-There is no maturity benefit under this plan. Income tax benefit-The plan offers tax benefits.
What is the interest rate of LIC Jeevan Akshay?
Illustrations
| Policy Details | Sum Assured: Rs. 5 lakhs Policy Purchase Year: 2017 Age: 60 years Pension Mode: Yearly By using a premium calculator, you can calculate the benefit details. |
|---|---|
| Pension Details | Pension Type: Yearly The Rate of Interest: 9.38\% Pension Amount: Rs. 48, 903 |
Which is better Jeevan Akshay or Jeevan Shanti?
While Jeevan Akshay is an immediate annuity plan, Jeevan Shanti has options of both deferred and immediate annuity. But the annuity rate is slightly higher in Jeevan Akshay. However, Jeevan Shanti has two more options over Jeevan Akshay for immediate annuity on joint life.
Which is best pension plan?
Best Pension Plans in India 2021
| Pension Plans | Entry Age | Policy Term |
|---|---|---|
| ICICI Pur Easy Retirement Plan | 35 years-75 years | 10 years-30 years |
| India First Annuity Plan | 40 years- 80 years | N/A |
| Kotak Premier Pension Plan | 30 years- 55 years/ 60 years | 10,15,17-30 years |
| LIC New Jeevan Akshay Pension Scheme | 30 years – 85 years | N/A |
What is the maximum annuity in LIC Jeevan Akshay 7?
Jeevan Akshay- VII (Table No. 857) is a single premium, non-linked and non-participating immediate annuity plan….Eligibility Criteria.
| Entry Age | 30 years to 85 years |
|---|---|
| Purchase price | Minimum: Rs.1 lakh Maximum: No-limit |
| Minimum annuity | Rs.12,000/year |
| Annuity payment modes | Yearly, half-yearly, quarterly and monthly |
Which is the best pension plan?
The following are considered the top 10 pension plans in India at present:
- LIC Jeevan Akshay 6 Plan:
- LIC Jeevan Nidhi Plan:
- SBI Life Saral Pension plan:
- HDFC Life – Click2Retire:
- HDFC Life – Assured Pension Plan:
- ICICI Pru – Easy Retirement:
- Reliance – Smart Pension:
- Bajaj Allianz – Pension Guarantee:
Which is better LIC Jeevan Shanti or Pmvvy?
The PMVVY offers better pension rates than them. A 60-year old buying LIC’s Jeevan Akshay VII, for instance, will receive an annual pension of ₹71,210 under the return of purchase price option versus ₹76,600 under PMVVY. Under Jeevan Shanti, where he needs to defer his pension by a year, he would receive ₹54,900.
Which pension plan gives highest interest?
Can I surrender Jeevan Akshay VII policy?
LIC Jeevan Akshay VII can be surrendered after 3 months from the date of purchase and surrender option is available for option F and J only. The surrender value depends upon annuity rate, year of surrender and two factors F1 and F2.