LIC Jeevan Akshay for immediate pension for life.

LIC’s Jeevan Akshay is a immediate Pension plan which can be purchased by paying one time lump sum payment. This plan is above 30 years and Pension is payable as soon as next month. There are several Annuity options available and whichever you take for your Pension, cannot be altered for life time.
The features are :

  • Minimum entry age is 30 and maximum age is 100.

  • Annuity payment frequency has to be selected while buying the policy .

  • Annuity would be paid monthly, Quarterly, Half yearly and yearly

  • Premium is to be given in onetime payment.

  • Minimum purchase price amount: Rs.1,00,000/-

  • Standard age proof is a must.

  • NO medical checkup is required for this plan.

  • No highest investment limit for purchase price, annuity and so on.

  • No loan option is offered under the scheme

  • No Life Insurance cover under this plan, benefits are payable as per options chosen.

immediate pension, life time pension, LIC Pension, Annuity, Retirement


TAX : Income Tax Benefit available under Sec80 (C) of Income Tax Act.

No TDS would be deducted.

Please refer latest Income Tax rules by Ministry of Finance, Government of India



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