LIC Aadhaar Stambh Plan 843

          LIC’s Aadhaar Stambh Plan is a non-linked insurance plan, with profits and regular premium paying endowment plan. This plan is a combination plan which offers both savings as well as protection. LIC’s Aadhaar Stambh Plan is exclusively for male policy holders having Aadhaar cards issued by UIDAI. This is a Loyalty Addition based plan. This plan does not require any medical test and is available standard healthy lives.
          LIC’s Aadhaar Stambh Plan also provides financial support to the family in case of unfortunate death of policyholder before maturity and a lump sum amount the time of maturity for the surviving policyholder.

Features

• This plan provides auto cover facility i.e. it takes care of liquidity needs through its Auto cover as well as loan facility.
• This plan is only available for males.
• It is low premium plan.
• It is an Endowment policy wherein the amount is given as a lump sum at maturity i.e. at the end of the term.
• In this plan Loyalty Addition will be paid additionally if the death occurs after 5 years, whereas normal insurance coverage will equal to Basic Sum Assured.
• At the maturity of this plan the policyholder receives Basic Sum Assured + Loyalty Addition.
• Critical illness benefits are not available under this plan.
• Loan facility is available under this plan but only after completion of three years.
• Benefits like LIC’s Accidental Rider and permanent disability rider are available.
• Revival of lapsed policy is available under this policy within the two years of first unpaid premium.
• Paid premiums are exempted from income tax under 80c.
• Maturity amount is tax free under 10 (10D).

Eligibility Conditions

  Male Only

	Minimum	Maximum
Basic Sum Assured*	Rs. 75,000	Rs. 3,00,000
Policy Term	10 years	20 years
Premium Payment Term	Same as policy term
Entry Age	8 years (completed)	55 years (nearest birthday)
Maximum Maturity Age	70 years (nearest birthday)
Premium paying frequency	Annually, Half-yearly, Quarterly, Monthly

Benefits 

Maturity benefits

On successful completion of the term policy while the assured is alive i.e. when all the due premiums have been paid, Sum Assured on Maturity along with Loyalty Addition is paid.

Death benefits

On death of the assured during first five years, Sum Assured on Death is paid. On death after completion of five policy years but before the date of maturity: “Sum Assured on Death” and Loyalty Addition, if any, is paid. Where Sum assured on death is defined as the higher of 10 times of annualised premium or basic sum assured. The death benefit shall not be less than 105% of all the premiums paid as on date of death. Premiums referred above shall not include any taxes, extra amount chargeable under the policy due to underwriting decision and rider premiums, if any.

Loyalty addition

If the policy has completed five years and full premium has been paid for at least five years, then the plan is eligible for Loyalty Addition at the time of exit in the form of death during the policy term or maturity. Under a paid-up policy, Loyalty Addition shall be payable for the completed policy years for which the policy was in force. Loyalty addition is also considered during Special Surrender Value Calculation on surrender of policy during the term, only if the policy has completed five years and at least for five years full premium has been paid.

Optional Accidental benefit rider

Policy holders above 18 years of age have option of availing LIC’s Accidental Benefit Rider with this plan, which will provide additional amount equal to basic sum assured in case of death caused due to accident.

Date of commencement of risk

Under this plan the risk will commence immediately from the date of inception of policy. It also includes minor lives.

Payment of premium

Premium under this policy can be paid in intervals in the form of yearly, half yearly, quarterly and monthly, where monthly premium can only be through NACH or salary deduction during the term of policy. A grace period of one month but not less than 30 days is allowed for payment of yearly or half-yearly or quarterly premiums and 15 days for monthly premiums.

Revival

A revival period of two years is given to the assured from the date of first unpaid premium but before the date of maturity. This happens when the policy gets lapsed, if the premium is not paid by the end of the grace period. The policy can be revived by paying all due premium along with interest at such rate as fixed by the Corporation at the time of the payment, subject to submission of satisfactory evidence of continued insurability.

Paid up value

All the benefits under the policy will cease after the expiry of grace period and nothing will be paid, if the premiums have been paid for less than 3 years. In case of premium fully paid for three years and any subsequent premium is not duly paid, then the policy won’t be ceased but continued as a paid-up policy.

Free-look Period

If the policyholder is not happy with the plan, he can cancel the policy within 15 days of the plan issuance. This period is called the free-look period. Upon cancellation, the premium paid net of any applicable expenses would be returned.

Grace Period

In case of Yearly, Half-yearly and Quarterly premium payment mode you have a grace period of 30 days from the premium due date. In case of monthly premium payment mode, the grace period is of 15 days. 

Loan

You can avail a long against this policy after you have paid 3 years of premium.

Riders  

You have the choice of taking the following rider by paying an extra premium amount:

LIC’s Accident Benefit Rider

Surrender Value

If you surrender the plan anytime before paying 3 years of premiums, you will not be paid anything back. In case you have paid at least 3 years premiums, the policy will acquire a Surrender Value. Check the Surrender Value of LIC Aadhar Stambh Plan.

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LIC Jeevan Arogya Plan 904 (LIC Health Insurance Plan)

          LIC Jeevan Arogya Policy is a Non-Participating Health Insurance Plan, which covers you and your family at the time of medical emergency. LIC Jeevan Arogya Plan 904 was a modified Jeevan Arogya 903 Plan in force from 16th November 2013. The LIC Health Insurance Plan 904 provides health insurance cover for the entire family including Individual, Spouse, Children, Parents and Parents in Law.

          Every Person worries because of the unfortunate events or the unexpected health issues that may occur in future. This LIC Health Plan 904 is a Non-Linked Plan, which provides financial protection at the time of Hospitalization and Surgeries. The Principal Insured can use the LIC Jeevan Arogya Premium Calculator for the yearly and half yearly premiums.

Features

• Premium Payment options are Flexible.
• Health Cover will increase every year.
• In the case of the Hospitalization and Surgery, financial protection is provided.
• The Benefit limit is flexible to choose.
• Regardless of actual medical costs lump sum benefits are made available to the Life Assured.
• No Claim Benefit: If there is No Claim during the Policy Commencement Date and next Renewal Date, the Principal Insured will get the No Claim Benefit from the LIC.

Eligibility Conditions 

Name of the Insured	Minimum Entry Age	Maximum Entry Age	Maximum Ceasing Cover Age
Principal Insured/Spouse	18 years	65 years	80 years
Parents/Parents in Law	18 years	75 years	80 years
Dependent Children	91 Days	17 years (last birthday)	25 years (last birthday)
Modes of Premium Payment: Half Yearly or Yearly.

Benefits 

Hospital Cash Benefits (HCB): In the event of Hospitalization of the Insured and their family members the Hospital Cash Benefits is provided. The Minimum Initial Daily Benefit of Rs 1000/- and the multiples of 1000/- is paid.

Major Surgical Benefit (MSB): The Principal Insured during Jeevan Arogya cover period, undergoes any of the surgery, the MSB sum assured for the surgery as mentioned in the MSB Annexure will be paid to the PI. LIC will provide Ambulance Charges of Rs 1000/- in addition at the time of Major Surgical Treatment.

Day Care Procedure Benefit (DCPB): If the Insured is undergoing any specified Day Care Procedure mentioned in the Day Care Procedure Benefit Annexure will get an amount of 5 times the applicable daily benefit (ADB).

Other Surgical Benefit (OSB): If any of the Insured of Jeevan Arogya Plan, undergoing any surgery not listed in the Day Care Procedure Benefit or Major Surgical Benefit will get an amount of two times the ADB as a daily benefit for a continuous period of 24 hours during the cover period.

Grace Period: The Insured will be provided 30 days of Grace Period for the payment of due Premium. Finally policy lapses if the premium amount is not made available within the Grace Period.

Cooling-off period: LIC will provide 15 days of time for the Policy Holder to return the Policy if not satisfied with the Terms and Conditions of the Policy.

Riders

1. Accident Benefit Rider.
2. Term Assurance Rider.

Accident Benefit Rider: This Rider applies to the Insured and Spouse. The Accident Benefit Rider will be available by paying an extra premium of Rs 0.50/- for every Rs 1000/- of the Accident Benefit Sum Assured per policy year. If the case of sudden death, along with the Term Insurance Sum Assured a lump sum amount is available for the Nominee. After the Policy Anniversary, the Insured will not be required to pay Additional Premium for Accident Benefits rider.

Eligibility Conditions:

Minimum Age of Entry	18 years
Maximum Age of Entry	50 years
Benefit Closing Age	60 years
Maximum Term	35 years
Sum Assured	Minimum: 25,000/-.
	Maximum: The Amount equal to Term Assurance Sum Assured, subject to a maximum of Rs 50 lakh for the overall limit of existing policies.
Sum Assured in Multiples	Rs 5,000/-.

Term Assurance Rider: LIC Jeevan Arogya Term Assurance Rider is an optional rider for Principal Insured or Insured Spouse only. The Premium amount is made available along with the base plan. During the term, if unfortunate death occurs an amount equal to Term Assurance Sum Assured will be payable.

Eligibility Conditions:

Minimum Age of Entry	18 years
Maximum Age of Entry	50 years
Benefit Closing Age	60 years
Maximum Term	35 years
Sum Assured	Minimum: 100,000/-.
	Maximum: The Amount equal to MSB Sum Assured, subject to a maximum of Rs 25 lakh for the overall limit of existing policies.
Sum Assured in Multiples	Rs 25,000/-.

Additional Information 

Death Benefit: The Insured will not get any Death Benefit unless opted for Accident Benefit Rider or Term Assurance Rider Benefit.

Maturity Benefit: There is no Maturity Benefit at the end of the cover period.

Loan Facility: The Principal Insured will not get any loan for this Jeevan Arogya Plan.

Surrender Value: No Surrender Value is made available for Jeevan Arogya Policy.

Discontinuance of Premiums: If the Life Assured does not pay the premiums within grace period the policy will lapse, and no benefits are made available for the Principal Insured.

Revival: The Policyholder can revive the plan within two years from the due date of first unpaid premium.

Options available 

Option to migrate: The Children included in this plan can migrate to new health insurance plan after the completion of 18 years of age or at the specified exit age. The Policyholder can purchase the policy within 90 days after the termination of the existing policy.

Cover to new members: If the Principal Insured gets married, the spouse and parents in law can be included within six months from the date of marriage. The Newborn child or legally adopted child can join within three months from the date of birth or legal adoption.

Quick Cash Facility: The Principal Insured can avail the 50% of the MSB amount, for the treatment of any surgery listed in the Major Surgical Benefit (MSB).

Claim Process 

           The Nominee/Life Assured can apply for Claim at the time of completion of the Policy Term or during the sudden Hospitalization of the Policyholder. Apply with all the required documents for the Claim amount. The Documents required at the time of Claim Process is available below.

• Original Policy Bond / Document.
• NEFT Form.
• Discharge form.
• Proof of Accident and Disability.
• Proof of title.
• Cancel check or Bank Passbook xerox.

Note:

Treatments not covered during the particular waiting period:

• Treatment for Cataract.
• Treatment for benign enlargement of prostate gland.
• Treatment for adenoid or tonsillar disorders.
• Treatment for benign uterine disorders like fibroids, uterine prolapse, dysfunctional uterine bleeding, etc.
• Treatment for anal fistula or anal fissure.
• Treatment for benign thyroid disorders.
• Treatment for slip disc.
• Treatment for degenerative joint conditions.
• Treatment for Gallstones.
• Treatment of Hernia.
• Treatment for Piles.
• Treatment for sinus disorders.
• Treatment for varicose veins.
• Treatment for hydrocele.
• Treatment for benign breast disorders e.g. fibroadenoma, fibrocystic disease, etc.
• Treatment for Carpal tunnel syndrome.
• Treatment for kidney or urinary tract stones.

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LIC New Jeevan Nidhi Plan 818

           LIC New Jeevan Nidhi (Plan 812) is conventional with profits pension policy with a combination of saving and protection features. LIC Jeevan Nidhi Plan provides for death cover during the defer period and offers an annuity on survival to the date of vesting. The new UIN (Unique Identification Number) for LIC’s New Jeevan Nidhi Pension plan is 512N271V01. The New Jeevan Nidhi Pension Plan ensure the life assured to get a good monthly pension after retirement. LIC Jeevan Nidhi Pension Plan ensures that you lead a happy life on your terms even after retirement. New Jeevan Nidhi Pension plans present you financial security so that when your professional income starts to decrease gradually, you can still live with pride on your living standards without compromising. Due to the rising inflation, & high cost of living & inflation, retirement planning has become the most significant. So, It is important to start saving early for a stress-free, comfortable retired life.

Features

           New LIC Jeevan Nidhi provides an options to choose your retirement age and control your investments are managed to meet your retirement needs. This New LIC Pension plan helps you to do the things what you always have been doing even after Retirement. Let’s have a look at the salient features offered by the LIC New Jeevan Nidhi Pension Plan (818) in the following section.

• LIC New Jeevan Nidhi Annuity Plan is a Conventional Deferred Pension Plan.
• Guaranteed Additions: The Jeevan Nidhi Pension Plan provides Guaranteed Additions at the rate of  Rs. 50/- per thousand Basic Sum Assured for each completed year, for the first 5 years.
• Participation in Profits: This LIC New Jeevan Nidhi Policy allows participation in Profits in the form of Bonus from the 6th policy year onwards.
• The Accidental Death and Disability Benefit Rider offered by  LIC is available under this plan as an optional rider.
• Two Options available on Maturity: Purchase deferred annuity OR  Purchase immediate annuity.
• The Minimum Accident Benefit Sum assured has been increased from Rs. 25,000/- to Rs. 1,00,000/-.

Eligibility Conditions

S.No	Conditons	Details
1	Entry Age allowed	Minimum 20 years (Completed).
		Maximum Entry Age:
		Under Single Premium: 60 years (Completed).
		Under Regular Premium: 58 years (Completed).
2	Basic Sum Assured	Minimum Basic Sum Assured:
		Under Regular Premium: Rs. 1,00,000/-.
		Under Single Premium: Rs. 1, 50,000/-.
		Maximum Basic Sum Assured.
		No Limit (The Basic Sum Assured shall be in multiples of Rs.5000/-) (in years).
3	Deferment period	Under Single Premium: 5 years to 35 years.
		Under Regular Premium:  7 years to 35 years.
4	Vesting Age	Minimum 55 Years (Completed).
		Maximum 65 years  (Completed).
5	Premium Paying Modes	Regullarly: Monthly (ECS, SSS), Quarterly, Half-Yearly, Yearly.
		Single Premium.

Benefits

Free Look Period: If the Life insured is not satisfied with the “Terms and Conditions” of the LIC Jeevan Nidhi Retirement plan, she/he may return the insurance policy to the Corporation within 15 days from the date of receipt of the policy.

Death Benefit: The total Death Benefit at any time shall not be less than 105% of the total premiums paid which excludes extra premiums, taxes, and rider premium if any.

• Death during first 5 policy years: Provided the Pension policy is in full force. The nominee will get the Sum Assured + Accrued Guaranteed Additions which can be paid in a lump sum or partly in lump sum and balance in the form of an annuity to the nominee, provided all premiums have been paid.
• Death after first 5 Policy years: The legal heir will be provided the Basic Sum Assured + accrued Guaranteed Additions + Final Additional Bonus + Simple Reversionary, if any, which can be paid in a lump sum or as the annuity or a combination of the two, provided all premiums have been paid.

Benefit on Vesting: On vesting an amount equivalent to the basic Sum Assured along with accumulated assured additions, vested simple revision bonuses and Final Additional bonus, if there are any, will be provided to the Life assured. The given options shall be available to the policyholder for utilization of the benefit amount.

• To purchase an immediate annuity.
• To purchase a new Single Premium Deferred pension product.

Tax Benefit: The Premiums paid under LIC Jeevan Nidhi Pension Plan are exempted from tax under Section 80C, Income Tax Act, 1961.

Guaranteed Additions: The LIC New Jeevan Nidhi Plan provides Guaranteed Additions @ Rs. 50/- per thousand Basic Sum Assured for each completed year, for the first 5 years.

  

Premium Rate: The table premium rates per Rs. 1000/- Basic Sum Assured are encompass in I-Annexure. Class-I extra premium rates per Rs. 1000/- Basic Sum Assured are enclosed in Annexure – II.

Riders

LIC Accidental Death and Disability Benefit Rider: An optional rider is available as LIC Accidental Death & Disability Benefit Rider by payment of additional premium under regular premium policies. In the case of accidental death, the Accidental Benefit Sum Assured will be payable as lump sum along with the death benefit under the basic plan.

           The Accident Benefit Sum Assured amount may opt for an amount upto the Basic Sum Assured subject to the minimum of Rs. 1,00,000/- and the maximum of Rs. 50,00,000/-. This LIC Accidental Death and Disability Benefit Rider benefit will be available only until the vesting age.

Claim Procedure

           The Life Assured can claim the Pension plan offered by LIC, India after the completion of the policy period. In the case of eventual death of the annuitant, the nominee can claim instead of the insured. Check the documents required for Claim the LIC new Jeevan Nidhi Pension Plan here.

• NEFT Form.
• Discharge form.
• Cancel check or Bank Passbook xerox.
• Proof of title.
• Proof of Accident and Disability.
• Original Policy Bond / Document.
• Death certificate ( If in the case of the eventual death of the life assured).

Additional Information 

Grace Period: A Grace period not less than 30 days will be allowed for payment of yearly or half-yearly or quarterly premiums and 15 days for monthly premiums.

Service Tax: Under LIC New Jeevan Nidhi Plan, the amount of service tax as per the prevailing rates shall be payable by the life assured on premium, as and when the policy premiums are paid.

Surrender Value: The LIC New Jeevan Nidhi Policy can be surrendered at any time after completion of at least 3 policy years but before the date on which pension vests.

Loan: No loan will be available under the New Jeevan Nidhi Policy.

Suicide Clause: LIC New Jeevan Nidhi shall be void if the policyholder commits suicide at any time within one year from the date of start of risk. The Insurance Company will not entertain any other claim by this policy except to the extent of a maximum of 90% of one-time premium paid excluding any extra premium.

Reinsurance:The regular procedure for reinsurance shall apply.

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LIC Jeevan Akshay VI Plan 810 (Plan 189)

          LIC Jeevan Akshay VI (Plan 810) is a Single Premium, Immediate Annuity plan. This immediate retirement plan which provides monthly pension throughout the life on one-time premium payment. Jeevan Akshay VI Pension Plan offered by LIC helps the individuals adequately for their retirement. With the high-speed rise in the cost of basic needs, your savings today might not reach the cost of necessities throughout the retired life. Jeevan Akshay VI (LIC Plan 189) Pension Plan ensure a financially secure retirement and guarantees your peace of mind. By choosing LIC Jeevan Akshay VI Pension Plan, you can make your dreams a reality, anytime, anywhere. Jeevan Akshay immediate annuity plan is perfect for somebody having a lump sum of cash who will be interested in instantly converting that sum of money into an assured revenue stream. 

Note: The Plan Number for LIC Jeevan Akshay VI (Plan 189) with effect from May 2012 shall be Plan No. 810. 

Features
          
          LIC Jeevan Akshay VI Pension plan provides for annuity payments of a stated amount throughout the lifetime of the Life assured. Various options are available for the type and mode of payment of pensions. Let’s check the key features of Jeevan Akshay VI Annuity Plan here.

• Single Premium: Policy Premium is to be paid in a lump sum.

• Minimum Purchase Price: For all distribution channels except online: Rs. 100,000/-.

• No medical examination: No need of Medical examination under Jeevan Akshay VI plan.

• No maximum limits for the annuity purchase price:  Under LIC Pension Plan- Jeevan Akshay VI there is no Maximum limit for policy buying and the Annuity, etc.

• The Minimum & Maximum allowed age at entry is 30 years (completed) and 85 years (completed) respectively.

• Age proof of the Life assured is necessary.

Under Jeevan Akshay VI pension plan seven different types of annuities are available. Check the different Annuities under this plan in the following Section.

1. Annuity for Life.
2. An annuity is guaranteed for 5, 10, 15 or 20 years and life after that.
3. Annuity for Life with the return of purchase price on death.
4. Annuity for life is increasing at a simple rate of 3% per annum.
5. Pension for life with a provision for 50% of the pension to the spouse of the annuitant for life on death of the annuitant.
6. Annuity for life with a provision for 100% of the annuity to the spouse of the life assured for life on death of the Life Assured.
7. Pension for life with a provision of 100% of the annuity payable to spouse during his/her lifetime on the passing of annuitant with the return of purchase price on the passing of the last survivor.

Eligibility Conditions

          Jeevan Akshay VI Pension Plan is an Immediate Annuity Plan, which provides annuity payouts immediately after the premium payment for a financially secured life after the retirement of the life assured. Let’s check the eligibility conditions for the LIC Jeevan Akshay VI Annuity Plan here.

S.no	Conditions	Details
1	Entry Age Allowed	Minimum 30 years (Completed).
		Maximum 85 years (Completed).
2	Premium Paying Mode	Single Premium
3	Policy Purchase Price	Minimum Purchase Price
		For offline mode Rs.1,00,000/-
		For Online mode Rs. 1,50,000/-.
		Maximum Purchase Price
		No Limit
4	Pension Payout frequency	Monthly.
		Quarterly.
		Half Yearly.
		Yearly.
5	Annuity guaranteed Period	5,10,15 and 20 years and as long as life assured is alive.

Benefits

Death Benefit: If in the case of death of the Life Assured, then the Annuity completely depends on the pension option which is chosen by the Annuitant.

Tax Benefit: Under Section 80CCC of the Income Tax Act, the Premiums paid under the Jeevan Akshay VI policy are exempted from Income tax. The Pension, which is received, is taxable.

Maturity Benefit: There is no maturity benefit under Jeevan Akshay VI retirement plan since this plan is to protect the risk of living too long and provided the pension immediately according to the selected option.

Free Look Period: If the Life Insured is not satisfied with the “Terms & Conditions” of the Jeevan Akshay VI Retirement plan, she/he may return the Insurance policy to the Company within 15 days from the date of receipt of the Plan.

Annuity Rate: Different Annuity rates are available for different types of annuities under Jeevan Akshay VI Plan. The policy can be purchased by one-time payment (Single Premium) which can be worked out by applying annuity rates for the type and mode of annuity opted by the Life Assured.

Yearly annuity amount under Option (1,00,000/- Sum Assured)
Age Last Birthday	( i )	( ii ) (15 years certain)	( iii )	( iv )	( v )	( vi )	(vii)
30 years	Rs.7,190/-	Rs.7,160/-	Rs.6,890/-	Rs.5,250/-	Rs.7,080/-	Rs.6,970/-	Rs.6,860/-
40 years	Rs.7,510/-	Rs.7,440/-	Rs.6,930/-	Rs.5,610/-	Rs.7,310/-	Rs.7,120/-	Rs.6,890/-
50 years	Rs.8,140/-	Rs.7,950/-	Rs.7,000/-	Rs.6,280/-	Rs.7,760/-	Rs.7,420/-	Rs.6,930/-
60 years	Rs.9,350/-	Rs.8,790/-	Rs.7,110/-	Rs.7,530/-	Rs.8,640/-	Rs.8,030/-	Rs.7,010/-
70 years	Rs.12,080/-	Rs.9,830/-	Rs.7,260/-	Rs.10,220/-	Rs.10,560/-	Rs.9,370/-	Rs.7,130/-
80 years	Rs.17,880/-	Rs.10,440/-	Rs.7,480/-	Rs.15,890/-	Rs.14,600/-	Rs.12,340/-	Rs.7,290/-

          The first installment of the annuity shall be paid 1 year, 6 months, 3 months or 1 month after the date of purchase of the annuity depending on whether the mode of annuity payment is yearly, half-yearly, quarterly or monthly respectively. Further, annuity shall be paid during the life time of the life assured with following provisions on death of the annuitant for different options are listed below.

Under option (1): Payment of the annuity terminates.

Under option (2):

On the death of the life assured during the guarantee period – the annuity is paid to the nominee till the end of the guaranteed period after which the same terminates.

On death after the guarantee period – payment of annuity ceases.

Guarantee Period option will be – 5, 10, 15 and 20 Years.

Under option(3): Payment of annuity terminates and the purchase price is returned to the nominee.

Under option (4): Payment of annuity terminates.

Under option (5): Payment of annuity terminates and 50% of the annuity is paid to the surviving named spouse during his/her the life time. If the spouse predeceases the life assured, nothing is payable after the death of the annuitant.

Under option (6): Payment of annuity terminates and 100% of the annuity is paid to the surviving named spouse during his/her the lifetime. If the spouse predeceases the annuitant, nothing is payable after the death of the annuitant.

Under option (7): The Payment of annuity terminates. 100% of the annuity is paid to the surviving named spouse during his/her lifetime and purchase price is returned to the nominee after the death of the spouse. If the spouse predeceases the annuitant, the annuity ceases and the purchase price is paid to the nominee. The amount of annuity shall be assured throughout the period for which it is payable.

Claim Procedure

          The Life assured can claim the LIC Pension Plan after the completion of the policy period. In a case of eventual death of the annuitant, the nominee can claim instead of the insured. Check the documents required for Claim the Jeevan Akshay VI Pension Plan here.

• NEFT Form
• Discharge form
• Cancel check or Bank Pass book xerox
• Policy bond / Document
• Death certificate ( If in the case of the eventual death of the life assured)

Additional Information 

Service Tax:

           Service tax, if any, shall be as per the Service Tax Act, India and at the rate of service tax as applicable from time to time.

          The amount of service tax as per the prevailing rates shall be payable by the life assured along with the purchase price.

Paid-up value:

           LIC Jeevan Akshay VI  policy does not acquire any paid-up value.

Surrender Value:

          No surrender value will be available under the LIC New Pension policy-Jeevan Akshay VI.

Loan:

           No loan will be available under the Jeevan Akshay VI policy.

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