Yes, you can buy more than one LIC JEEVAN AKSHAY VII POLICY. You should be very careful in selecting the option under this plan.
Many people but this plan without knowing multiple options available in the plan.
This plan is for lifetime and investment would not be taken back till end. Interest payable can be enjoyed by the policyholder but the investment good to the nominee only.
Only due to medical reasons for the policyholder of for spouse that too certified by a Doctor, can help in getting the investment when required.