Many people have asked, what is the interest rate of jeevan akshay plan? The answer is, Jeevan akshay does not have a straight forward x% of interest rate, rather it has 10 options and each option provides a fixed pension/annuity amount that depends on policy holder's age at the time of purchase.
So, LIC Jeevan Akshay VI plan is an immediate annuity plan which provides fixed annuity or pension as per selected pension option. The word immediate annuity signifies that policy holder will start receiving regular payouts immediately after completion of selected mode duration, for example, if monthly mode is chosen, then first amount will be available after completion of 1 month from date of purchase.
The Annuity or pension rates of each option are mentioned in a table against each permissible age, to explain it better, yearly pension or annuity for age 60 and 50 have been given below.
|Yearly Pension Rate on 10,00,000 Purchase Price|
|Options [Know More about Options]||Pension Amount|
|For 60 Year old||For 50 Year old|
As we can see from the above table that annuity/pension amount are dependent to pension option and age at the time of purchase. So for getting pension amount as per your age and choice of option, please use pension calculator of Jeevan Akshay Plan.