About the product
LIC Jeevan Akshay is an Immediate Annuity plan offered by Indian insurance and investment company Life Insurance Corporation of India (LIC). It is a single premium policy and has to be purchased by paying a lumpsum amount at once. The annuity can be paid monthly, quarterly, biannually or annually as chosen. This pension plan has 10 options to choose from. Once the individual chooses an option, it can’t be changed during as the payout starts immediately with the plan.
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