Under LIC Jeevan Akshay plan, we have an option where the policy holder / annuitant shall opt to receive guaranteed benefits for a few years either the policy holder is alive or not. Options of choosing 5 / 10 / 15 / 20 years as a guaranteed period are available. If a policy holder opts to choose a guaranteed period of say 10 yrs, annuity will be provided to the policy holder till he is alive even after the completion of that 10 yrs. But if the policy holder expires before the completion of this guaranteed period, the annuity will be provided to their nominee till the completion of this 10 yrs. Below is the sample annuity rates for a guaranteed period of 15 yrs per lakh sum assured.