LIC Jeevan Akshay-VII
Customised Presentation for: Mr. Ramesh (Age: 30) [cite: 135, 136]
"Start Smart. Retire Strong." [cite: 130]
Plan Highlights [cite: 171, 172]
Lifelong Income
Convert a one-time investment into a guaranteed lifelong pension stream. [cite: 138]
Flexible Payouts
Choose between Yearly, Half-yearly, Quarterly, or Monthly payment modes. [cite: 139, 163]
Sovereign Guarantee
Backed by Section 37 of LIC Act 1956 with a 98.62% Claim Settlement Ratio. [cite: 143, 147, 148]
Liquidity Options
Loan and surrender facilities available under selected annuity options. [cite: 186, 197]
Annuity Mode Options [cite: 163]
| Pension Mode | Annuity Amount (₹) | Interest Rate (%) |
|---|---|---|
| Yearly | ₹30,050 | 6.01% |
| Half-yearly | ₹14,775 | 5.91% |
| Quarterly | ₹7,319 | 5.86% |
| Monthly | ₹2,425 | 5.82% |
Benefit & Coverage Projection [cite: 195]
| Year | Age | Survival Benefit (₹) | Life Cover (₹) | Loan Value (₹) | Surrender Value (₹) |
|---|---|---|---|---|---|
| 1 | 30 | ₹30,050 | ₹5,00,000 | ₹1,58,159 | ₹3,59,090 |
| 10 | 39 | ₹30,050 | ₹5,00,000 | ₹1,58,159 | ₹3,61,756 |
| 25 | 54 | ₹30,050 | ₹5,00,000 | ₹1,58,159 | ₹3,70,802 |
| 50 | 79 | ₹30,050 | ₹5,00,000 | ₹1,58,159 | ₹4,10,377 |
| 71 | 100 | ₹30,050 | ₹5,00,000 | ₹1,58,159 | ₹4,50,767 |
*Surrender values are calculated at the end of each policy year. [cite: 200, 201]
Disclaimer: Premium shown is indicative. Annuity income depends on the option selected and is subject to plan terms. Please read sales brochure carefully. [cite: 204, 205, 206, 207]