Jeevan Akshay plan is single premium immediate pension plan which provides pension for life time. Know More about this plan. To calculate Pension amount, please enter single deposit amount and other details and after selection of one pension option out 10 options click on calculate.
The annuity/pension rates have been reveised w.e.f. 01-12-2016, new rates will be incorporated shortly.
Wrote : 18-01-2017 12:20:57
Hi I am Rajeshree Bahule Add: Pune - Camp - Age : 46 I want Jeevan Akshay plan is single premium immediate pension plan which provides pension for life time. If I fixd 50,000 in one time. pension plan for 15 year in Age of 65 How many pension you give me.
Replied : 18-01-2017 12:22:06
Minimum one time deposit amount is 1,00,000.
Wrote : 25-12-2016 19:37:05
Dear Sir, Please let me know what is the basic difference between option 6 and 10. Best Regards
Replied : 25-12-2016 20:51:18
Suppose Mr X takes this plan and he is having his wife and son, In option 6, Mr X will receive pension as long as he is alive and in case of his death, his nominee will get one time deposited amount and policy will close. But in option 10, in case of death of Mr X, his wife(Spouse) will receive the same pension and when death of spouse will happen then nominee of spouse (or of last survivor) will get the one time deposited amount.
Wrote : 29-11-2016 22:05:51
Dear sir, Pls inform , is it the Pension Plan Jeevan Akshy IV, is going end on 30th Nov 16, Pls inform if it extend, what date and call me +91 9486513883
Replied : 29-11-2016 22:33:30
Yes, it is closing on 30-11-2016. The plan will be relaunched with new pension/annuity rate from 01-12-2016. The new rates will definitely be lower than existing rates.
Wrote : 21-11-2016 22:22:24
i want to invest 5 lac my age 30 yrs choose the best option where i will get fixed life long pension and my wife will get back money at my death.....or she will get also pension and after her death money will be given to my child
Replied : 22-11-2016 15:47:26
Look for option 10.
Wrote : 20-11-2016 19:49:38
Sir, Just check site of LIC. whether LIC has increased S.tax to 3.5% from 1.5%.suppose i would ilke to invest 500000 in that case S.tax would be Rs.17500 instead of 7500
Replied : 20-11-2016 21:27:11
There are three tax rates:
1. 3.75% for endowment plans (e.g. 814, 815 plans).
2. 1.5% for jeevan akshay pension plan.
3. 15% for term insurance plan (e.g. 823 plan).
Wrote : 24-10-2016 12:59:57
sir, I husband age is now 51. We want to deposit 100000/- in Jeevan Akshay VI and I want to choose the 10th plan. Till my husband alive, he gets pension. After his life, pension will be paid to me. After my death, the purchase value will be paid to my only daughter. is it correct? and how much value my daughter will get? 1,00,000/- or less than 1,00,000/-
Replied : 25-10-2016 22:55:25
You got it right and return amount will be net of taxes paid at the time of taking this plan. If you have paid 100000 incuding taxes then, 98522 will be returned as per present tax rate.
Wrote : 13-10-2016 01:12:21
How much minimum service tax will be charged by the agent 1%rebate on online purchase means? Jeevan akshay me 44 yrs ki age per kitna interest de rahe h means rate of interest kya h?
Replied : 13-10-2016 01:18:56
Service tax is not charged by agent rather it is charged by government of India. The return is not like interest rate of bank.Please use calculator for calculation of annuity or pension amount.
Wrote : 05-10-2016 12:20:22
WHILE GETTING THE PENSION, THE PENSION AMOUNT WE R GETTING IS TAXABLE ? IF SO HOW MUCH ?
Replied : 05-10-2016 16:49:27
It will be taxable as received yearly PENSION needs to be added to your other sources of income for tax assesment. If your income from all source including this plan is NOT exceeding tax free limit then you can submit form 15G/15H to avoid TDS.
Wrote : 03-10-2016 12:12:32
Hi, I would like to invest 300000 for my mother with return of purchase price. Please give me an example of what will be the pension if I invest through Online and through Agent. As I hear pros and cons for both. As per what I heard by investing online we get 1% additional on the pension amount say if the pension is 1700 then by investing online Pension amount would be 1717. Please confirm if this is right. Regards Balasubramaniam
Replied : 03-10-2016 13:48:34
You have understood it correctly about 1% extra. The only benefit of getting this through agent will be services related to this plan. for calculation of pension you can use above calculator.
Wrote : 25-09-2016 10:30:18
Guys, My perception is this policies are good for people with age more than 60 years. There is inflation of 8 to 9 % every year and currency depericiation also that means with monthly return of 50000 rs today will require 500000 per month in 2040. But with this policy there is no major icremental (only one option of year increase 3% and that also with no purchase price return).so think twice before going for these polices.
Wrote : 13-09-2016 19:15:45
Looking at above calculator it looks like service tax is taken as 1.5% [Total Amount to be paid including service tax (single time): Rs 2537500 when I entered Single Amount = 2500000] OR [Total Amount to be paid including service tax (single time): Rs 3045000 when I entered Single Amount = 3000000] Am I correct?
Replied : 13-09-2016 22:10:02
Wrote : 13-09-2016 10:33:50
in case of option 1 to option 5 if the policyholder dead after taking policy whether the puchase price return to spouse or his legal heirs. also suggest a plan from above 1 to 10 which will give high return and also on the detah of policy holder full return of purchase price to spouse/ legal heirs
Replied : 13-09-2016 10:51:11
Options 1 to 5 do not have provision of return of purchase price. option 6 returns the purchase price in case of death of policy holder.
Wrote : 31-08-2016 15:21:20
Hi, i am Debajyoti, any one from hooghly can contact me for any quary regarding LIC . 8961970946 OR 8621903705
Wrote : 31-08-2016 15:21:20
hi, I'm planing to invest 30,000,00 in option 10. please advice the returns and IT liability... Rgds jay
Replied : 12-09-2016 20:53:50
Kindly use the above calculator for annuity or pension amount,The yearly return will be taxable.
Wrote : 15-08-2016 15:58:12
This calculation given for immediate return.actually iwould like to know if i invest 100000 at the age of 31 then at 60 yrs of age what would be the annual pension.pls inform.
Replied : 15-08-2016 20:14:05
There is no option to defer the pension in this plan, so there is nothing like you you invest and start receiving pension after some time.
Wrote : 25-07-2016 17:37:20
Dear Mr VINOD,your willingness to invest Rs1000000/ must provide you guaranteed return for life but the future investment which you want to invest may get less interest.THIS IS THE FIRST TIME SINCE INCEPTION OF J AKSHAY interest rate is more than bank interest,which used to be 2 percent less always. so their is very little time to encash the opp. Thanks Rgds A.RAFIQUE CORPORATE CLUB MEMBER LIC.