Jeevan Akshay VII (Plan 857) is an immediate annuity (Pension Plan) from LIC of India. Jeevan Akshay is a Non-Linked, Non-Participating, Individual Immediate Annuity Plan.  Let’s us be clear about what is annuity? In simple term Annuity is regular income. Here we are looking at annuity as a pension plan. Immediate annuity is investing lump…