Life Insurance Products

Founded in 1956, Life Insurance Corporation of India (LIC) is the largest life insurance company in the country with a total income of Rs. 492626.60 crore and total assets worth Rs. 2572028.34 Cr It’s fully owned by the Government of India & is also the county’s largest investor.

Understand Life Insurance
Plan No. 857
Table No. 857 :Jeevan Akshay- VII
Plan Benefits
  • Jeevan Akshay is a single Premium Annuity Plan giving Immediate Annuity for Life time.
  • It has multiple options to choose from including increasing pension every year.
  • You can opt for Joint Life option
  • Loan is available after completion of 3 months
  • NPS subscribers can also opt for this pension plan
  • Death Benefit can be obtained in Lump sum or in the form of Annuity
  • Benefit to Dependent Person with Disability
  • Policyholder will get Tax Benefit under sec 80C.
Eligibility Criteria
Min. Max.
Age 30 Years 85 Years (Last Birthday) except option F
100 Years (Last Birthday) for option F
Purchase Price Rs. 1,00,000 No Limit
Pension Rs. 1000 (Monthly)
Rs. 3000 (Quarterly)
Rs. 6000 (Quarterly)
Rs. 12,000 (Yearly)
No Limit

Not all insurance agents are the same! Choosing the right one can make BIG difference - in price, service and value

Consulting Off:
12-2-417/46/6, 4th Floor, Sharada Nagar Colony,
Gudimalkapur, Mehdipatnam, Hyderabad - 500 028 Telangana, India
Contact: sales@mminsurance.in

Admn. Off:
12-2-455/2/3, Opp: LIC Of India City Branch-13,
Gudimalkapur, Mehdipatnam, Hyderabad - 500 028, Telangana, India
Contact: info@mminsurance.in