New Delhi, Sep 12: This is a very big feat for LIC as one individual alone has bought three Jeevan Akshay policies whose worth is s 100 crore. But LIC refuses to comment on the sale of these policies. According to the Insurance rules the proposal can be withdrawn within 15 days.
Following demonetisation in November, when the policy was still providing a 7.5% yield, the scheme shad seen record inflows that included a Rs 50-crore proposal from a developer at its Dadar branch here. A month later in December 2016, LIC reduced the guaranteed returns from Jeevan Akshay as interest rates dropped.