Jeevan Akshay

Jeevan Akshay is an Immediate Annuity plan, which offers a stated amount throughout the life time of the annuitant. Mode of Annuity payments can be paid in yearly, half-yearly, quarterly or monthly. In case of monthly Rs 6,000, for Quarterly and half-yearly Rs 4,000 and for yearly Rs. 3000 are the following mode of annuity paid.  On death during the guarantee period annuity will be paid to the nominee till the end of the guarantee period. On death after the guarantee period payment for annuity will cease. Eligibility conditions for this plan are that Minimum age at entry will be 40 years and Maximum age at entry is 79 years.