Jeevan Akshay VI plan is an Immediate Annuity
plan, which can be purchased by paying a lump sum amount. The plan provides for
annuity payments of a stated amount throughout the life time of the annuitant.
Various options are available for the type and mode of payment of annuities.
The following options are available
under the plan
Type of Annuity:
1.
Annuity
payable for life at a uniform rate.
2.
Annuity
payable for 5, 10, 15 or 20 years certain and thereafter as long as the
annuitant is alive.
