| Jeevan Akshay VI ( UIN - 512N234V04
) |
| It is an Immediate Annuity plan, which
can be purchased by paying a lump sum amount. The
plan provides for annuity payments of a stated amount
throughout the life time of the annuitant. Various
options are available for the type and mode of payment
of annuities. |
| Options Available: |
| The following options are available
under the plan |
| Type of Annuity: |
Annuity payable for life at a uniform
rate.
Annuity payable for 5, 10, 15 or 20 years certain
and thereafter as long as the annuitant is alive.
Annuity for life with return of purchase price on
death of the annuitant.
Annuity payable for life increasing at a simple
rate of 3% p.a.
Annuity for life with a provision of 50% of the
annuity payable to spouse during his/her lifetime
on death of the annuitant.
Annuity for life with a provision of 100% of the
annuity payable to spouse during his/her lifetime
on death of the annuitant.
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. |
| You may choose any one. Once chosen,
the option cannot be altered |
| Mode: |
| Annuity may be paid either at monthly,
quarterly, half yearly or yearly intervals. You
may opt any mode of payment of Annuity.. |
| Salient features: |
| Premium is to be paid in a lump sum. |
Minimum purchase price :
Rs.100,000/- for all distribution channels except
online.
Rs.150,000/- for on line sale.
No medical examination is required under the plan.
No maximum limits for purchase price, annuity etc.
Minimum allowed age at entry is 30 years (completed)
and Maximum allowed age at entry is 85 years (completed).
Age proof necessary. |
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