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 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


Amount to be Returned to Nominee(s) in Case of Death
Jeevan AkshayJeevan Shanti
150000 150000

Comments & Reviews (1)

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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