JEEVAN AKSHAY VI- TABLE NO. 189

Most suitable plan for retired employees who would like to make one time investment. Also suitable for people who need regular and periodical amount without interrupts (businessmen or professionals).

1. Investment (Single premium) In the beginning made only once .

2. The annuity rates are applicable for new business under the plan as well as under deferred annuity policies which vest on or after 10.09.2007

3. Annuity is payable Yly/Hly/Qly (However in this Pension Ready Reckoner most popular modes of Yly & Mly only  have been given).

4. The annuity is assured throughout the period for which it is payable and the first installment in accordance with the desired mode of annuity will be paid 1 year/6 months / 3months or 1month after the date of purchase of the annuity.

5. Cooling off Period: If “Term & Conditions” of the policy does not satisfy Policyholder then he/she may return the policy within 15 days from the date of receipt of the policy.

General Policy Conditions
Min. Age at entry	40 years(lbd)
Max. age at entry	79 years (ibd)
Min. Purchase Policy 50,00/- or such amount which may secure a min.of Annuity as per mode chosen Underwriting/Policy Servicing i.e. Mly(500) Qty(1000) Hly(2000) Yly(3000).
Underwriting/Policy Servicing
Age Prool	Standard *
Medical Exam.	Not required
Policy Loan	No
Housing Loan	No
Surrender Value	No
Assignement	No
Nomination	Yes
Form No.	440 (A)
Mode	Min. Annuity P.A.
Monthly	6000
Quarterly	4000
Half Yearly	4000
Yearly	3000
* Std. Age Proof not insisted where Annuity opted is with Return of Purchase Price.

Various options available & benefits to the annuitant for taking Annuity are:

	OPTIONS			DEATH BENEFIT
1	Annuity for life			Annuity Cease
2	Annuity guaranteed for :5,10,15 or 20 years and for life thereafter			On death during the guarantee period Annuity is paid to the nominee till the end of gtd. Period after which the same ceases.
3	Annuity for life with return of purchase price			Annuity Cease & purchase price is returned to the nominee.
4	Annuity for life increasing at 3% p.a.(simple)			Annuity Ceases
5	Annuity for life with a provision for 50% of the Annuity to the Spouse of the Annuitant for life on Death of Annuitant			Annuity Ceases & 50% of annuity is paid to the surviving named Spouse during his/her lifetime. If the Spouse dies earlier to the Annuitant, nothing is payable after the death of the Annuitant.
6	Annuity for life with a provision for 100% of the Annuity to the Spouse of the Annuitant for life on Death of Annuitant			Annuity Ceases & 100% of annuity is paid to the surviving named Spouse during his/her lifetime. If the Spouse dies earlier to the Annuitant, nothing is payable after the death of the Annuitant.
Incentives for high purchase price of Rs.1000/-p.a.
Purchase Price		Yearly	Half Yearly		Quarterly	Monthly
1,50,000-2,99,999		3.00	2.50		2.50	2.00
3,00,000-4,99,999		3.75	3.50		3.50	3.25
5,00,000 & above		4.00	3.75		3.75	3.50

Special Note: In our opinion, Pension payable with return of purchase price (Option3) is the best option. Hence, ready pension is given for this option only.

Annuity Rate:
Amount of annuity payable at yearly intervals which can be purchased for Rs. 1 lakh under different options is as under:

Age last birthday	Yearly annuity amount under option
	( i )	( ii ) (15 years certain)	( iii )	( iv )	( v )	( vi )
40	7510	7440	6930	5610	7310	7120
45	7770	7660	6960	5890	7500	7240
50	8140	7950	7000	6280	7760	7420
55	8650	8330	7050	6810	8130	7670
60	9350	8790	7110	7530	8640	8030
65	10410	9330	7180	8590	9400	8570
70	12080	9830	7260	10220	10560	9370
75	14510	10220	7360	12590	12240	10590

Disclaimer:The Unique Identification Number (UIN) for LIC’s Jeevan Akshay VI plan is 512N234V03. Immediate Annuity Plan w.e.f 10-09-2007