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Jeevan Akshay - VI ( Immediate Annuity Plan)To avail this plan, Pls call at 9480240513
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 the life time of the annuitant. Various options are available for the type and mode of payment of annuities.
Why Jeevan Akshay - VI
Pension Starts Immediately
No Medical Examination Required
No Maximum Limit for purchase Price and Annuity
Who can Buy Jeevan Akshay VI
Minimum Age at entry: 30 yrs ( Age proof is necessary)
Maximum Age at entry: 85 yrs
Min Purchase Price : Rs. 1 Lac
Options Available:
The following options are available under the plan
Type of Annuity:
- Annuity payable for life at a uniform rate.
- Annuity payable for 5, 10, 15 or 20 years certain and thereafter as long as the annuitant is alive.
- Annuity for life with return of purchase price on death of the annuitant.
- Annuity payable for life increasing at a simple rate of 3% p.a.
- Annuity for life with a provision of 50% of the annuity payable to spouse during his/her lifetime on death of the annuitant.
- Annuity for life with a provision of 100% of the annuity payable to spouse during his/her lifetime on death of the annuitant.
You may choose any one. Once chosen, the option cannot be altered.
Mode:
- Annuity may be paid either at monthly, quarterly, half yearly or yearly intervals. You may opt any mode of payment of Annuity.
| Mode |
Minimum Annuity |
| Monthly |
Rs. 500 per month |
| Quarterly |
Rs. 1000 per quarter |
| Half-yearly |
Rs. 2000 per half year |
| Yearly |
Rs. 3000 per year |
Cooling-off period
If you are not satisfied with the “Terms and Conditions” of the policy, you may return the policy to us within 15 days from the date of receipt of the Policy Bond. 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.
Paid-up value:
The policy does not acquire any paid-up value.
Surrender Value :
No surrender value will be available under the policy.
Loan :
No loan will be available under the policy.
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Call 9480240513 
