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.
Wrote : 13-07-2017 13:56:01
In Jeevan Akshay Plan-VI, in option(i), what happens after death of the insurer ? What nominee gets after death of insurer ? please inform
Replied : 13-07-2017 20:27:01
In option 1, purchase price will not be returned. Purchase price return feature is available in option 6 and option 10.
Wrote : 06-07-2017 20:46:26
which option is best if the option after a life time applicant get the pension and the applicant no more nominee get the pension if the nominee also no more legalhirer get the face value is correct
Replied : 07-07-2017 14:26:02
Option 10 has the specification you are looking for which provides pension to spouse of policy holder and return of purchase price to to nominee of last survivor.
Wrote : 05-07-2017 14:24:39
On one of the comments I saw that you have replied that option(1) of the 10 options available does not have the feature of returning the purchase price , does the other options have the feature of returning the purchase price?.And if not then which options have the feature of returning the purchase price?
Replied : 05-07-2017 14:28:41
Option 6 and Option 10 are having feature of returning purchase price. Please read about various option available on the site for more information.
Wrote : 20-06-2017 11:52:39
Sir, It seems that the Interest rate for the purchase price of Jeevan Akshay would be 7.5% - 8%, whereas it comes only 6.4%-6.9% while calculating premium and pension. Please clarify what exact interet will we get as annuity in this plan.
Replied : 20-06-2017 15:35:18
How & where it seems that interest will be 7.5-8.0% of purchase price?
Wrote : 15-06-2017 18:06:24
What would be the pension amount for jeevan lav 836 .....21(15)....S.A. 50 LAKH, Year prm - 278246
Replied : 15-06-2017 23:31:40
Jeevan Labh plan will not provide pension, it will provide maturity as lump sum amount on completion of policy term instead. You will have to purchase pension plan available at the time of maturity. You may use jeevan labh maturity calculator to know approx maturity of your jeevan labh plan and use maturity amount in above calculator as single deposit amount to calculate pension. It is assumed that jeevan akshay plan remains available for purchase at the time of maturity.
Wrote : 08-06-2017 13:09:35
dear sir for jeevan akshya pension plan can you elaborate all the points i.e 1-10 which are in drop down box.in plan 1.pension payble for life at a uniform rate.after death of the pensioner who can get the single time deposite amount.
Replied : 08-06-2017 15:42:12
Option -1 does not have feature of returning purchase price.
Wrote : 31-05-2017 16:43:32
I am 64 .i am a pensioner.If I invest say Rs.5 lakhs ,how much I will get every month ? Will this amount will be treated as an income [taxable] for tax calculation ?what are the benefits?
Replied : 31-05-2017 22:09:00
Monthly Pension will be Rs 3333 and it will be included to your other source of income for tax assessment for a particular assessment year.
Wrote : 13-03-2017 22:21:25
After retirement if i invest money in jivan akshay 189 plan to my home maker wife account, is pension amount be the taxable income of myself.
Replied : 13-03-2017 23:12:28
Yes, it will be added to your income for calculation of income tax. You can can submit 15G/15H to avaoid TDS.
Wrote : 13-03-2017 19:59:31
what is the pe exact amount of pension receivable for annuity investment of 10lakhs under option A for life age 67 years now annually. The website provides two different answers. Which is correct?. Answer required for Jeevan Akshyay vi plan for immediate purchase on line basis.Most urgent reply solicited.
Replied : 13-03-2017 21:08:50
What are two different answers?
Wrote : 28-02-2017 17:22:24
I do not have knowledge of any policy but have invested in Jeevan Akshay Plan VI (189) thinking that we get monthly pension. So we got it for three years, now urgently want money for operation and medical expenses. What are the procedures to withdraw the money and how many days it will take to get the money? Please advise soon.
Replied : 28-02-2017 17:48:07
Contact your policy issuing branch, they will guide you through required process.
Wrote : 27-02-2017 12:18:27
Sir, My mother have some savings to give me. Its near to 25 lacs. But am in no mood to take it since she dont have any pension. I am just thinking of Option 6. But after my mother's days get over, will the full invested money be returned to the nominee without any cut? Will nominee be taxed for this amount? Thanks
Replied : 27-02-2017 17:21:28
Purchase price will be returned without any deductions and will not be taxed.
Wrote : 03-02-2017 11:02:25
if i invest 500000,one time in Jeevan Akshay 6 for 15 years.how 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 old.my 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.
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.