LIC Jeevan Akshay-VII is an an Immediate Annuity plan wherein the Policyholder has an option to choose type of annuity from 10 available options on payment of a lump sum amount.
LIC update: New Jeevan Shanti, Jeevan Akshay VII plans revised, here’s all you need to know - LIC Policy Latest News: The revised annuity plans from LIC are on sale, effective from February 1.