Jeevan Akshay

Jeevan Akshay is a type of life insurance policy offered in India that provides guaranteed income for life or a fixed period, along with a lump sum death benefit. It combines a savings element with lifelong income security, typically involving the purchase of an annuity with a lump sum amount. The policyholder pays a single premium or installments, and upon maturity or death, the insurer pays out regularly or a final amount. It is often used as a retirement solution, ensuring a steady income stream during old age while also providing financial protection for loved ones.