LIC Jeevan Akshay VII (Plan No. 857)
Immediate pension plan – pay a lump sum and pension starts right away.
LIC’s Jeevan Akshay VII (Plan 857) is an immediate annuity plan. You pay a lump sum and start receiving pension immediately for life, with many annuity options – with or without return of purchase price, single or joint life.
| Plan name | LIC Jeevan Akshay VII |
|---|---|
| Plan number | 857 |
| UIN | 512N337V07 |
| Category | Pension & Annuity Plans |
How LIC Jeevan Akshay VII works
- Pay a single purchase price.
- Pension starts immediately.
- Choose from multiple annuity options (life annuity, return of purchase price, joint life, increasing annuity, etc.).
Who should buy this plan?
- Retired people with PF/gratuity lump sum
- Senior citizens who want monthly income now
Important points before you buy
- Pension rate depends on age and option at purchase.
- Pension is taxable as income.
Living abroad? Read LIC Jeevan Akshay VII for NRIs.
Why buy LIC Jeevan Akshay VII through Vedpal Singh?
- 20+ years of experience with LIC in the Chandigarh tri-city; Development Officer at LIC’s Manimajra branch.
- Honest comparison of plans – we suggest what fits your goal and budget, including term cover where needed.
- Doorstep service for proposal, KYC and medicals in Chandigarh, Mohali, Panchkula and Zirakpur.
- Lifetime after-sales help: premium reminders, loans, nominee change, revival and claim support for your family.
Frequently asked questions
Source: plan details summarised from LIC’s official plan list and brochures on licindia.in. Features, eligibility and rates may change – the latest LIC sales brochure prevails.
Related LIC plans
LIC New Jeevan Shanti
Single premium deferred pension – invest once now, get guaranteed pension for life later.
LIC Saral Pension
IRDAI standard immediate pension plan with return of purchase price.
LIC Smart Pension
LIC’s newer immediate annuity plan with multiple pension options.
Get LIC Jeevan Akshay VII Quote
Apni details bhejiye – Vedpal Singh aapko call karke sahi plan batayenge.