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  • Lic Jeevan Akshay Form 440( 1a). Lic Jeevan Akshay Form 440( 1a).introduction

Get Lic Jeevan Akshay Form 440( 1a). Lic Jeevan Akshay Form 440( 1a).introduction

Lic Jeevan Akshay Form 440( 1A). Introduction: 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.

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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. Premiums paid under this plan are exempted from tax under section 80C of the Income Tax Act.

LIC Jeevan Akshay Pension Plan – Features It is an Immediate Annuity or Pension plan with a single premium option where the annuity starts immediately after premium payment from the next chosen date. The annuity options can be chosen for a single life (policyholder) or joint-life (policyholder and spouse).

For a policy of Rs. 5 lakhs, the rate of interest per annum will be 9.38%. And based on this, the policyholder or the annuitant will receive Rs. 46,903 per annum as a pension amount.

LIC Jeevan Akshay VII - Eligibility Criteria The policy is applicable to anyone between the ages of 30 and 85 years. A minimum amount of Rs 1 lakh is accepted as a lump sum payment. However, no upper limit is stated.

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.

The quarterly payout is Rs. 16,825 corresponding to a rate of only 6.73%. The monthly payout is Rs. 5,571 corresponding to a rate of 6.68%.

You can buy the Jeevan Akshay policy online or offline if you're an individual aged between 30 to 85 years. The minimum investment as a single premium in the scheme is Rs 1 lakh. Joint investors can also invest in the Jeevan Akshay policy. However, each investor has to invest Rs 1 lakh individually.

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. ... The plan offers 6 options to choose from.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232