Pension Calculator for Jeevan Akshay Plan VI (189)

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.


Comments & Reviews

Wrote : 03-02-2017 11:02:25

if i invest 500000,one time in Jeevan Akshay 6 for 15 much will i get after 15 years,(one time payble)

Replied : 03-02-2017 12:23:07
Jeevan akshay is a pension plan in which pension starts immediately after deposit of one time amount.

Wrote : 03-02-2017 14:15:09

ok,,,now i am 32years dob is 14/12/1984.when start my pesion.

Replied : 03-02-2017 19:25:05
If you opt monthly pension option then pension will start from next month.

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Wrote : 02-02-2017 02:40:33

Can I take this policy for under same name for multiple times ? Or can I add to the initial payment later ?

Replied : 02-02-2017 02:59:17
You can take more than one policy.

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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.

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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.

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Wrote : 24-12-2016 14:37:44

My dob 23th june 1989.can I take jeevan akshay plan

Replied : 24-12-2016 20:24:42
No, minimum age is 30 years.

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Wrote : 30-11-2016 17:36:15

how does the rate of interest is calculated in option 6. thanks

Replied : 30-11-2016 19:36:49
It is not fixed like x percent, it is a table with annuity rates against age.

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Wrote : 30-11-2016 14:25:10

Dear sir. Can I change the nominee name at later stages

Replied : 30-11-2016 19:33:31
Yes, you can change it.

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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.

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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.

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Wrote : 20-11-2016 19:49:38

Sir, Just check site of LIC. whether LIC has increased to 3.5% from 1.5%.suppose i would ilke to invest 500000 in that case 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).

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Wrote : 07-11-2016 08:13:27

What will be interest rate for age 46 years. Calculator have only provision 60 years and above

Replied : 07-11-2016 10:43:26
Please check now, the eligibility for this plan is 30-85 years.

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Wrote : 25-10-2016 07:57:36

sir i come to know that jeevan akshay is going to end before this month end i want to invest in march 2017 is it true

Replied : 25-10-2016 22:46:38

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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.

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Wrote : 21-10-2016 11:29:11

Is this pension for 15 years period only !!!

Replied : 22-10-2016 10:47:33
No, it will for life time.

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Wrote : 19-10-2016 13:10:34

The income is taxable, but lic does not deduct TDS while paying the pension

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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.

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Wrote : 12-10-2016 21:51:39

My age is 30 yrs If i Dep 20 lakhs in jevan akshya the premium amt is 145900 so it is tax free income

Replied : 12-10-2016 22:15:52
It will be taxable if your all income including receipt from this plan exceeds tax exemption limit.

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Wrote : 07-10-2016 19:16:31

sir, please inform in case of option no 10 ,whether the policy holder should essentially married? lic officials or any authorty is requested to my query on 9890300990. thanks yogesh

Replied : 07-10-2016 21:18:24
Marriage is required.

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Wrote : 05-10-2016 12:20:22


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.

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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.

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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.

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Wrote : 21-09-2016 12:08:29

mera age 60 years hai mai 1000000 paisa jama karta hun to mere marne ke bad paisa waps hoga ki nahi

Replied : 21-09-2016 13:29:40
Agar aap Option 6 lenge to paisa wapas hoga aapke nominee ko.

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Wrote : 21-09-2016 02:54:17

What is rebate ? In Jeevan akshay 6 policy if I purchase online it gives 1% more rebate . . It means what ?

Replied : 21-09-2016 10:45:37
yes, 1% extra pension on online purchase.

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Wrote : 14-09-2016 14:30:52

If it's so then why below it's mentioned as service tax as 14.5%

Replied : 14-09-2016 18:30:47
It was due to typing mistake. Now it is corrected. Thanks for highlighting the mistake.

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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

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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.

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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 : 11-09-2016 10:39:55

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.

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Wrote : 25-08-2016 11:03:51

This is Soumyadip from LIC Branch Bhawanipore ... Anybody please feel free to contact me for any query on LIC @ 9830597138 .. Thank you

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Wrote : 21-08-2016 13:42:48

pl explain the plan 10 in detail. to whom the purchase price will be paid.

Replied : 22-08-2016 10:48:16
The purchase price will be returned to the nominee of last last survivor.

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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.

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