On receipt of the policy we shall cancel the same and the amount of premium deposited by you shall be refunded to you after deducting the charges for stamp duty. On death during the guarantee period – annuity is paid to the nominee till the end of the guaranteed period after which the same ceases. On demise, annuity ceases but 50 percent of annuity becomes payable to spouse. Pension will start immediately after buying the policy. The annuity options are: The amount of annuity shall be assured throughout the period for which it is payable. If you are not satisfied with the?

lic jeevan akshay vi proposal form

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Can we cancell this policy after recived it? Fill in the liv below and we will be in touch soon Message Human? No policy of life insurance shall be called in question on any ground whatsoever after the expiry of three years from the date of the policy, i.

Life Insurance Corporation of India – Jeevan Akshay-VI

No medical examination is required under the plan. Get Best Price 1. Post guaranteed period, annuity ceases. The purchase price will be returned on the death of last survivor.

lic jeevan akshay vi proposal form

The nominee can be changed by the policy holder at any time before policy maturity. Various options are available for the type and mode of payment of annuities.

Incentives for high purchase price: On receipt of the policy we shall cancel the same and the amount of premium deposited by you shall be refunded to you after deducting the charges for stamp duty.


Further, for the policies that are sold online, there is an availability of a rebate of 1 percent by way of adding in the prpoosal of the annuity.

lic jeevan akshay vi proposal form

Annuity payable for 5, 10, 15 or 20 years certain and thereafter as long as the annuitant is alive. Surrender must be allowed once your policy completes at least one policy year only for the Annuity Option- Aksha with Return of Purchase Price, under the circumstances mentioned in the table below:.

The vo does not acquire any paid-up value. Provided that in case of fraud, the onus of disproving lies upon the beneficiaries, in case the policyholder is not alive.

The surrender value payable shall depend on the age last birthday of the policyholder at the time of surrender of the policy. No medical check-ups required for Lic’s Jeevan Akshay plan.

LIC Jeevan Akshay 6 Policy | LIC Online – Life Insurance Corporation of India

You may opt any mode of payment of Annuity. Service tax if any must be paid according to the Service Tax Laws and at the Service tax rate as applicable at regular intervals of time. On death after the guarantee period – payment of annuity ceases. Minimum allowed age at entry is 30 years completed and Maximum allowed age at entry is 85 years completed. If spouse demise has occurred already, annuity ceases. Annuity with Return of Purchase Price on Demise: No loan will be available under the policy.


Nominee is a person selected by the policy holder to be given the advantages in case of demise of the policy holder. Annuity payable for life increasing at a simple rate of 3 percent per annum. Nothing in this section shall prevent the insurer from calling for proof of age at any time if he is entitled to do so, and no policy shall be deemed to be called in question merely because the terms of the policy are adjusted on subsequent proof that the age of the life insured was incorrectly stated in the proposal.

On demise, annuity ceases.

Get A Brief Idea About The LIC Jeevan Akshay VI Plan

Provided that the insurer shall have to communicate in writing to the insured or the legal representatives or nominees or assignees of the insured the grounds and materials on which such decision is based. Add Your Family Members.

lic jeevan akshay vi proposal form

Depends on the Purchase Price and entry age. You can also get rebate if you chose the buying price of Rs. The annuity options can be chosen for a single life policyholder or for joint life policyholder and spouse.

Grace period is not applicable.