Comparison Between LIC's Jeevan Akshay 6 and Jeevan Shanti
Compare pension amounts of LIC's Jeevan Akshay 6 and Jeevan Shanti plans by calculating it as per your single premium and age(s). Please select one of pension options, current age of pension holder(s) and enter one time investment amount in following calculator. Detailed comparision has been given after the calculator.
Related Link: Jeevan Shanti Surrender Value Calculator
LIC Jeevan Akshay 6 and Jeevan Shanti are single premium guaranteed pension plan which provide fixed income for lifetime. Both plans provide a range of pension options to select from for single as well as joint lives. However, there are few differences between these two plans as Jeevan Shanti has incorporated option of deferred annuity also. Following table explains major differences between these two plans.
|Jeevan Akshay 6||Jeevan Shanti|
|Only Immediate Annuity||Immediate & Deferred Annuity|
|Joint Policy for with spouse only||Joint between any lineal descendant/ascendant of a family |
(i.e. Grandparent, Parent, Children, Grandchildren) or spouse or siblings.
|Spouse Age was not required for Pension Calculation||Seconday Annuitant's Age is required.|
For comparing annuity (pension) rates of Jeevan Shanti and Jeevan Akshay, an example of purchase price of Rs. 10,00,000 with primary annuitant's age as 50 years and secondary annuitant's age as 40 years has been taken. Pension amounts provided by both the plans for option J will be as follows.
|Deposit Amount||GST||Final One Time Deposit|
On deposit of Single Premium (including GST) as Rs. 152700, pension receivable in case of LIC Jeevan Akshay 6 and Jeevan Shanti will be as follows.
|Pension Mode||Jeevan Akshay 6||Jeevan Shanti|
|Amount to be Returned to Nominee(s) in Case of Death|
|Jeevan Akshay||Jeevan Shanti|