lic policy term plan,life insurance term plan lic,term insurance plans,lic mediclaim,term plans in lic,term plan lic,lic term plan,term life insurance companies,best insurance plan,best life insurance policy india,best life insurance policy in india,which life insurance policy is best in india,which is the best life insurance policy in india,which is best life insurance policy in india,what is the best life insurance policy in india,what is term insurance policy of lic,term insurance policy of lic,quote term life,term life quote,term insurance india,lic term policies,lic term life insurance,term life insurance lic,best insurance policy,best lic policy plan,investment plans in lic,life insurance and term,lic saving plans,term policy of lic,term policy in lic,term policy lic,lic term policy,which life insurance is best in india,best life insurance india,term policy india,best life insurance in india,life insurance india gen,life ins companies,liclifeinsurance,best lic insurance policy in india,lic saving plan,insurance policies india,lic india best policies,new lic policy plans,lic savings plan,best lic insurance plan,best lic policy for investment,best insurance plan of lic,best insurance plan in lic,lic policies plans,life insurance policy companies,best lic policy plans,what is a good life insurance plan,good lic plans,new lic policy scheme,low cost life insurance,best policy in lic of india,best lic policy in india,best lic policy india,best policy of lic of india,best lic insurance policy,best insurance policy of lic,best policy in lic insurance,best insurance policy in lic,lic best insurance policy,lic new insurance plan,lic life insurance policy plans,what is the best lic policy,lic policy best,best lic policy,best lic life insurance policy,best life insurance policy in lic,best life insurance policy of lic,life insurance of india policies,life insurance policies in india,top 3 life insurance companies,lic life insurance plans india,life insurance policy plans,best lic policy scheme,lic policy plans,investment in lic policy,investment insurance plans,lic of india plans,insurance policy plans,good life insurance policy,best lic plans,medical policy lic,lic life insurence,hdfcstandard life insurance,life insurances policies,lic of india insurance policies,lic policies india,lic india policies,life insurances in india,scheme of lic,best lic policy for men,life insurance scheme,Delhi, Paschim Vihar Delhi, LIC Jeevan Akshay

1. LIC’sLIC’s
Jeevan Akshay – IVJeevan Akshay – IV
The onlyThe only
immediate annuityimmediate annuity
plan available inplan available in
IndiaIndia
No Medical Examination RequiredNo Medical Examination Required
LIC’s Jeevan Akshay – IVLIC’s Jeevan Akshay – IV
Plan No. 176Plan No. 176
introducedintroduced
with effect from 17.03.2006with effect from 17.03.2006
LIC’s Jeevan Akshay – IIILIC’s Jeevan Akshay – III
Plan No. 170 stands withdrawn withPlan No. 170 stands withdrawn with
effect from 17.03.2006effect from 17.03.2006

2. What is an immediate annuity?
• Provides for payment of pension
immediately on purchase of the policy.
No deferment periodNo deferment period

3. Why Pension ?
• Everyone needs to plan ahead for retirement.
• People are living and healthier lives, so it is
even more important to think about how and
when to save for retirement and how long to
work.
• Post retirement period may be as long as pre
retirement period
• To meet increasing medical expenses.
• The greatest risk faced- outliving of assets

4. When to plan?
• On the eve of retirement
• Whenever a lump sum amount is received
from an existing insurance policy or from
other sources (e.g. PPF)

5. What is LIC’s Jeevan Akshay – IV ?
• It is an immediate annuity plan available with LIC of
India
• No other insurer in India offers immediate annuity plan.
• Pension starts immediately on the purchase of the
policy
• No medical examination is required

6. Plan USP’s
• The only immediate pension plan available in Indian
market.
• Guaranteed pension as per the option exercised
even in the falling interest rate regime.

7. What are the types of annuities available?
• Annuity for life
• Annuity certain for 5, 10, 15 and 20 years and for
life thereafter
• Annuity with return of purchase price
• Annuity for life increasing at a simple rate of 3% p.a.
• Annuity for life with a provision for 50% of the annuity
to the spouse of the annuitant for life on death of the
annuitant
• Annuity for life with a provision for 100% of
the annuity to the spouse of the annuitant for
life on death of the annuitant. (This option was not
available under earlier Immediate annuity plans.)

8. How is annuity payable ?
• Annuity can be paid in
• yearly,
• half-yearly,
• quarterly or
• monthly instalments, subject to a minimum
annuity of Rs.3000/- per annum.
Thus the minimum amount of annuity for monthly, quarterly,
half-yearly and yearly mode will be Rs.250/-, Rs.750/-,
Rs.1500/- and Rs.3000/- respectively.

9. Who can buy Jeevan Akshay -IV
•Minimum Age at entry : 40 Last Birthday
•Maximum Age at entry : 79 Last Birthday
•Minimum Purchase Price : Rs.50,000/- or such amount
which may secure a minimum annuity of Rs.3,000/- per
annum
•Minimum Annuity Instalment : Rs.250/-per month,
Rs.750/- per quarter, Rs.1500/- per half-year and
Rs.3000/- per year.

10. What if there is no Pension?
• Hunt for a job
• Depend on children
• Live in deprivation and misery

11. Today’s pension plan is the presentToday’s pension plan is the present
value of tomorrow’s happiness.value of tomorrow’s happiness.