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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 : 08-11-2017 13:51:54

Why is there a difference in the yearly pension amount in J A VI plan 189 between option 6 and 10. For eg on an investment of Rs.5.0L it is Rs.34200/- per year in option 6 and Rs.34050/- per year in option 10. Please clarify. Can I invest online and is there any advantage

Replied : 08-11-2017 17:15:07
Option 6 and 10 provide different benefits, that is why annuity rates is different. In option 10, after death of policy holder, his or her spouse gets the same pension amount where as this benefit is not avalable in option 6.

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Wrote : 06-11-2017 11:01:00

sir tell me if we purchase policy no 189 plan no 2 after 5 years lic return the principal ammunt.

Replied : 06-11-2017 12:17:50
No, after 5 years, policy holder will keep getting pension as long as he/she survives. Purchase price is not returned.

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Wrote : 20-10-2017 10:03:35

Is there any facility that pension amount directly goes to our bank account ?

Replied : 21-10-2017 22:18:09
Pension goes to policy holder's account only.

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Wrote : 20-10-2017 10:02:10

If I invest 1,00,000 initially for option 1 After 3-4 years can I able to increase the invest amount later?

Replied : 21-10-2017 22:16:56
A new policy can be taken any time.

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Wrote : 14-10-2017 16:47:47

For option 1,What happen to principal amt invested in jeevan Akshay 6 for pension selected life time period?After death,whether it get to nominee?

Replied : 14-10-2017 18:35:04
No, in this option principal amount is not returned.

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Wrote : 23-09-2017 14:26:36

I am already a pensioner under LIC superannuation fund. Can I opt for scheme (10) under another Pension Plan under Jeevan Akshay IV, if I propose to invest Rs. 10 Lakhs.

Replied : 23-09-2017 17:23:07
Yes, there is no such limit, on can take more than one jeevan akashay.

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Wrote : 21-09-2017 15:26:22

In option 10, if I made a single deposit amount of Rs 10 lakhs, then what will my nominee get after the life span of self and spouse

Replied : 21-09-2017 22:32:18
The puchase price excluding GST (currently GST is 1.8%) will be returned to nominee.

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Wrote : 16-09-2017 01:30:36

In option 3 purchase price will be return after death or not

Replied : 16-09-2017 12:30:46
No, in this option purchase price will not be return.

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Wrote : 08-09-2017 08:24:25

Sir , Can NRIs take this policy when they come for a visit in India ?

Replied : 08-09-2017 22:19:13
Yes, they can take.

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Wrote : 02-09-2017 20:41:27

Is there any life risk coverage for myself and my wife for the policy of Jeevan Akshay 6, for Option No.10 ?

Replied : 02-09-2017 22:46:48
No life cover but purchase price will be return on death in option no 10.

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Wrote : 13-08-2017 12:34:45

Will it be taxed in the hands of Nominee when he receives the return of SA after death of the policyholder? Please explain about the tax benefits during and after the life of the policyholder.

Replied : 13-08-2017 19:18:35
Pension received will be taxable and purchase price return will not be taxable.

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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.

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Wrote : 10-07-2017 09:19:23

What will be the age of ..first pension period

Replied : 10-07-2017 11:47:13
Minimum age is 30 Year to take this plan.

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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.

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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.

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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?

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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.

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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.

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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.

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Wrote : 20-05-2017 21:09:46

In case of option no.10, if the spouse expires before the policy holder - in such case weather the nominee will continue to get pension or will get 100% of purchase price .Pl.advise....

Replied : 20-05-2017 21:41:42
Nominee will receive purchase price.

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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.

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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?

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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.

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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.

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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.

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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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