Pawan Rajni Aggarwal <pawan.rajni@gmail.

com>

Get Assured Annuity through LIC's Jeevan Akshay-VI- Now Available Online
1 message

LIC direct <online_dm@licindia.com> Sun, Jul 9, 2017 at 12:13 AM

Reply-To: online_dm@licindia.com
To: pawan.rajni@gmail.com

Dear Sir/ Madam,

This is a mail from Life Insurance Corporation of India. You had accessed our website for online
purchase of Jeevan Akshay-VI plan (pension plan). We would like to thank you for showing interest in
LIC's Jeevan Akshay-VI pension plan.

Please note that, as per the Govt. of India instructions, GST will be
implemented from 1st of July-2017. Hence the tax on premium will
also increase from 1st July-2017. Kindly plan your investment in
Online Jeevan Akshay VI on or before 30th June-2017 to avail lesser
tax rate benefit which is 1.50% only as of now.
You can buy the Jeevan Akshay-VI pension policy online through our website www.licindia.in also. On
buying online you get an incentive of 1% by way of enhanced annuity (pension).

In case you want to know exact annuity amount please inform us your Date of Birth, Annuity Option and
Amount to be invested. You can also get the information about Amount to be invested (purchase price)
for a given amount of mly/qly/hly/yly annuity (pension). This information is also readily available at our
website as well.

If you need any more assistance regarding ONLINE PURCHASE of Jeevan Akshay-VI pension plan,
please mail us at online_dm@licindia.com or call at following phone numbers from 10.30 a.m. to 5:30
p.m. during week days and 10.30 a.m. to 2:00 p.m. on Saturdays:

022-67819 288

022-67819 284

022-26117044

Yours faithfully,

LIC TEAM DIRECT

The features of Jeevan Akshay-VI Plan are as follows:-

1. Introduction
Immediate Annuity/ pension plan. Pension begins as early as next month or as per mode of payment
viz. yearly/ half yearly/ quarterly/ monthly selected by the you.

2. Premium/ Purchase Price- Payable in lumpsum. One time only

Benefit-
a) Annuity assured for life

b) For policies sold online, a rebate of 1% by way of increase in the annuity rate shall be available.

3. Options Available:

Various options are available for the type and mode of payment of annuities which are as follows:

Type of Annuity:
1. Annuity/ pension payable for life at a uniform rate.

2. Annuity payable for 5, 10, 15 or 20 years certain and thereafter as long as the annuitant is alive.

3. Annuity for life with return of purchase price on death of the annuitant.

4. Annuity payable for life increasing at a simple rate of 3% p.a.

5. Annuity for life with a provision of 50% of the annuity payable to spouse during his/her lifetime on
death of the annuitant.

6. Annuity for life with a provision of 100% of the annuity payable to spouse during his/her lifetime on
death of the annuitant.

7. Annuity for life with a provision of 100% of the annuity payable to spouse during his/ her life time on
death of annuitant. The purchase price will be returned on the death of last survivor.

Any one option can be chosen. Once chosen, the option cannot be altered.

4. Mode:

• Annuity/ pension may be paid either at monthly, quarterly, half yearly or yearly intervals. You may opt
any mode of payment of Annuity.

5. Salient features:

1. Premium is to be paid in a lump sum.

2. Minimum purchase price :

I) Rs.100,000/- for all distribution channels except online.

II) Rs.150,000/- for on line sale.

3. No medical examination is required under the plan.

4. No maximum limits for purchase price, annuity etc.

5. Minimum allowed age at entry is 30 years (completed) and Maximum allowed age at entry is 85 years
(completed).

6. Age proof necessary.

6. Annuity Rate:

Amount of annuity payable at yearly intervals which can be purchased for Rs. 1.5 lakhs online as well as
offline under different options is as under:

Offline:

Yearly annuity amount under option

Age last
birthday
( ii ) (15 years
(i) ( iii ) ( iv ) (v) ( vi ) (vii)
certain)

30 10125 10095 9741 7378 10060 9893 9711

40 10620 10530 9705 7845 10311 10020 9645

50 11565 11295 9780 8850 10995 10485 9705

60 13395 12585 9900 10710 12330 11430 9795

70 17475 14190 10095 14730 15195 13455 9930

80 26115 15120 10380 23160 21255 17910 10140

Online:

Yearly annuity amount under option

Age last
birthday
( ii ) (15 years
(i) ( iii ) ( iv ) (v) ( vi ) (vii)
certain)

30 10226 10196 9741 7378 10060 9893 9711

40 10726 10635 9802 7923 10414 10120 9741

50 11681 11408 9878 8939 11105 10590 9802

 60 13529 12711 9999 10817 12453 11544 9893

70 17650 14332 10196 14877 15347 13590 10029

80 26376 15271 10484 23392 21468 18089 10241

7. Incentives for high purchase price:

For purchase price of Rs. 2.50 lakh or more, higher amount of annuity/ pension due to available
incentives shall be paid.

8. Service Tax:

Under this plan, the amount of service tax as per the prevailing rates shall be payable by the
policyholder along with the purchase price.

9. Paid-up value/ Surrender Value/ Loan:

1. The policy does not acquire any paid-up value and no loan will be available under the policy.

2. Surrender shall be allowed after completion of atleast one policy year from Date of Commencement of
policy only for Annuity Option F – “Annuity for life with return of purchase price”, if the annuitant is
diagnosed as suffering from critical illnesses mentioned in the circular.

The standard definition of the critical illness mentioned shall be as per the IRDAI guidelines on
Standardisation in Health Insurance Ref: IRDA/HLT/REG/CIR/146/07/2016 dated 29/07/2016 or as
amended from time to time

10. 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 and annuity paid if any.

11. What happens in case of death of annuitant?

If the annuitant dies:

1. Under option (i) annuity ceases.

2. Under option (ii)

I. On death during the guaranteed period - annuity is paid to the nominee till the end of the guaranteed
period after which the same ceases.
II. On death after the guaranteed period - annuity ceases.

3. Under option (iii) annuity ceases and the purchase price is paid to the nominee.

4. Under option (iv) annuity ceases.

5. Under option (v) annuity ceases and 50% of the annuity is payable to the surviving named spouse
during his/her life time. If the spouse predeceases the annuitant, the annuity ceases.

6. Under option (vi) annuity ceases and full annuity is payable to the surviving named spouse during
his/her life time. If the spouse predeceases the annuitant, the annuity ceases.
 7. Under option (vii) annuity ceases. Full annuity is payable to the surviving named spouse during his/
her life time and purchase price is paid to the nominee after the death of the spouse. If the spouse
predeceases the annuitant, the annuity ceases and purchase price will be paid to the nominee.

12. When first installment of annuity payable:

First installment of annuity is payable after one month, three months, six months or one year from the
date of purchase of annuity depending on the mode chosen is monthly, quarterly, half yearly or yearly
respectively.

Note: The above is the product summary giving the key features of the plan. This is for illustrative
purpose only. This does not represent a contract and for details please refer to your policy document.

(Insurance is the subject matter of solicitation)

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