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

Terms of Service

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 6Jeevan Shanti
Only Immediate AnnuityImmediate & Deferred Annuity
Joint Policy for with spouse onlyJoint 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 CalculationSeconday 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 AmountGSTFinal One Time Deposit
Rs. 150000 Rs. 2700 Rs. 152700

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 ModeJeevan Akshay 6Jeevan Shanti
Yearly9195 9405
Half Yearly45154620
Quarterly22392291
Monthly743759
Amount to be Returned to Nominee(s) in Case of Death
Jeevan AkshayJeevan Shanti
150000 150000

Comments & Reviews (10)

Wrote :

15-09-2019 16:50:31

Whether Jivan shanti plan is stopped by LIC?

Wrote :

15-09-2019 21:53:12

No, it is available but rates have been revised to lower values. New Rates have not been updated in above calculator at the time of writing this reply. In the meanwhile, you can use official LIC Premium Calculator to calculate as per updated rates.

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Wrote :

10-03-2019 15:27:39

For any LIC and mediclaim policy requirements please feel free to reach me @ 7011265701. Delhi NCR and nearby areas. Thanks!!

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Wrote :

22-02-2019 10:08:57

Whether Customer can claim GST paid along with premium by giving details in proposal form?

Wrote :

22-02-2019 10:34:21

GST is deposited to Government of India. GST claim (Input Tax Credit) is applicable for stages of production/manufacturing cycle not final consumption by final consumer of product or services.

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Wrote :

10-01-2019 12:43:54

I see that there is a increase in Annuity rate for higher purchase price - say 2.45% more for yearly for 25L to 50L purchase price. Is this over and above the Annuity rate? If so, what is the total annuity rate that I will get for a 25L purchase price for immediate annuity for Option A. Also will this annuity rate increase if I take this online?

Wrote :

11-01-2019 21:12:12

Above calculator, provides calculations after incorporating the high purchase price incentives for offline mode, please use it and in case of any query please comment.

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Wrote :

21-12-2018 14:56:24

For details and Customised Plan Presentation in Kolkata, feel free to call me @ 98365 39038

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Wrote :

14-12-2018 15:11:03

For any LIC and mediclaim policy requirements please feel free to reach me @ 9830597138. Kolkata and nearby areas.

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Wrote :

10-12-2018 21:28:20

Can I buy multiple policies. Like lets say, 1 this year and another next year.

Wrote :

12-12-2018 13:48:51

Yes, you can buy as many as you like.

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Wrote :

18-11-2018 11:46:25

Why one should pay GST on hard earned money which is only meant for savings and old age. It is cheating

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Wrote :

11-11-2018 21:25:32

JEEVAN AKSHAY IV Plan 189 Yearly 12600 at age 66 But you LICISITE on net showing more annuity amount. What is correct..

Wrote :

12-11-2018 09:17:09

For which option, the calculation is done?

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Wrote :

09-10-2018 17:43:38

Any plan where in place of fixed monthly pension, incremental pension ( on yearly basis) as in case of central govt pension (being linked with DA)??

Wrote :

10-10-2018 23:52:53

Option G has option of 3% yearly simple interest increase but there is no option like increase linked to Government DA.

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