best lic policy in nagpur

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http://www.jayantharde.com/

LIC Jeevan Akshay VI:

LIC Jeevan Akshay VI is an immediate annuity plan which ensures a steady cash flow for a lump sum paid upfront. The annuity as stated under the policy will be paid throughout the lifetime of the policyholder. It comes with a lot of choices with respect to the type of plan and payment modes. The following annuity options are available under Jeevan Akshay VI:
  • Annuity payable at a fixed rate throughout the life of the insured
  • A certain annuity payable for 5, 10, 15, and 20 years
  • Lifetime annuity at a simple rate of 3% per annum
  • Lifetime annuity with a return of purchase price on death of the policyholder
  • Lifetime annuity with an option of 50% annuity payment to the spouse for his/her lifetime, on the death of the person insured
  • Lifetime annuity with an option of 100% annuity payment to a spouse for his/her lifetime, on the death of the person insured
  • Lifetime annuity with an option of 100% annuity payment to a spouse for his/her lifetime, on the death of the person insured. Additionally, the purchase price of the policy will be returned on the death of the last annuitant.
Note that the type of annuity payment once chosen cannot be changed later.
Annuity Payment Mode:
You can select the mode of payment while applying for the plan. Based on your chosen mode, the annuity will be paid either monthly, quarterly, half-yearly, or on a yearly basis.

Incentives offered under LIC Jeevan Akshay VI:

For a purchase price of above Rs.2.5 lakhs, the policyholders will receive higher incentives which will be reflected in the annuity. Also, a rebate of 1% proportional to the increase in annuity rate shall be applicable for all policies bought online.
Service tax:
Service tax shall be applicable as per the existing Service Tax Laws and it may be revised from time to time. At the time of purchase of the policy, the applicant will have to pay the prevailing service tax.
Surrender value:
Policyholders under the annuity option “annuity with return of purchase price” can surrender their policy after one year, under two circumstances.
1. If they are diagnosed with any of the below mentioned conditions:
  • Cancer of specified severity
  • Heart attack
  • Coronary Artery Bypass Graft (CABG)
  • Motor Neurone Diseases (MND)
  • Open heart valve replacement or repair surgery
  • Kidney failure necessitating regular dialysis
  • Stroke that leaves behind permanent symptoms
  • Major organ/bone marrow transplant
  • Limb paralysis of permanent nature
  • Angioplasty
  • Non-cancerous brain tumor
  • Blindness, deafness, and loss of speech
  • Multiple sclerosis with persisting symptoms
  • Final stage lung disease
  • Final stage liver failure
  • Loss of limbs
  • Major Head Injuries
  • Third-degree burns
  • Primary Pulmonary Hypertension
2. If the annuitant produces evidence of permanently changing his country of residence, then he/she will be paid a surrender value which will depend on their age at the time of surrender.

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