Jeevan Akshay vi is one of the LIC's monthly income plan wherein the investor can invest a lump sum amount as low as Rs 1,50,000 and receive a regular income in the form of periodic annuity either monthly, quarterly, half yearly and yearly. One must note that the income received here under will be taxable in accordance with the tax slab the policyholder falls under. Once the policy finishes 6 years, the policyholder is also entitled to receive bonuses. Besides, the insured person can also avail loan against this policy which is an added advantage. However, the option of surrendering the policy is absent here.