How can I surrender Jeevan Akshay 6 policy?

How can I surrender Jeevan Akshay 6 policy?

A customer could surrender this plan only if the plan completed a year and had availed the option- ‘Annuity with the return of purchase price’. He/she could surrender his/her policy under certain situations.

Is Jeevan Akshay good?

Is LIC Jeevan Akshay VI Plan a good policy? Well, the LIC Jeevan Akshay VI Plan is surely a good policy for it comes from one of the most reputed insurance companies of India, LIC. Apart from its credibility, it offers several benefits such as uniform pension plans, lump sum payments, tax deductions, etc.

How does Jeevan Akshay work?

The LIC Jeevan Akshay VI Plan is an Immediate Annuity Plan that can be bought by paying a lump sum amount by a person. This policy offers annuity payouts in different time frames such as monthly, quarterly, half-yearly or annually. The amount is fixed and depends on the amount invested in the policy.

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Which company pension plan is best?

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:

What is LIC Jeevan Akshay plan VI?

LIC Jeevan Akshay Plan VI is an Immediate Annuity Plan by the Life Insurance Corporation of India (LIC). You can buy Jeevan Akshay plan by making payment of the lump-sum amount. It offers annuity payouts immediately after the payment of premium for a financially secured life after your retirement.

What is a Jeevan Akshay annuity?

LIC Jeevan Akshay is a single premium payment plan, meaning that the premium has to be paid in lump sum at once. The annuity can be paid annually, biannually, quarterly or monthly depending on what the assured chooses. Listed below is an illustration of annuity payouts for Rs.1 lakh for different options of the plan.

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Can I cancel my Jeevan Akshay policy?

If you would not be satisfied with the coverage, and terms and conditions of Jeevan Akshay policy, you have the option of canceling the policy within 15 days of receipt of the policy documents, provided there has been no claim. The loan is not available under the Jeevan Akshay plan.