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| Saturday 6 September, 2008 |
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JEEVAN AKSHAY
An Immediate Annuity Plan from Life Insurance Coporation of India (LIC) that offers Monthly, Quarterly, Half-Yearly and Yearly interest on your investment for rest of your life at the same rate, irrespective of the market fluctuations in interest rates. Some of the other salient features of Jeevan Akshay are, - Interest payable is immediate in the sense it is 1 month from the day of investment if you choose monthly, 3 months if you choose Qly , 6 months if you choose Half-yearly and 12 months if you choose Yearly.
- The plan provides for 9 interest payment options . You can choose any of them to receive your interest depending on your requirement. One of the options provides for interest payment for rest of your life with return of capital to your nominee on your death, whenever it occurs. In all other options, there is no provision for return of capital. Your entire investment is utilized to guarantee you higher interest instead.
- You can opt for Electronic Clearence (ECS) facility for interest receipt, so that, you do not have any hassle waiting for your interest check and depositing in your bank account.
- Open for all male and female investors in the age group of 40-79 years, Jeevan Akshay is the most popular Immediate Annuity Plans of LIC.
For more details on the plan and interest rates, Click Here
In case you plan for investment on Jeevan Akshay or for that matter any LIC plan, feel free to send a mail to knagesh58@investmentplanningcenter.com or call me on +91 080 23301254 (Land) or 9845019046 (mobile).
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