LIC Jeevan Akshay VI Calculator

What is LIC Jeevan Akshay VI Calculator?

LIC Jeevan Akshay VI calculator is a financial tool provided by the LIC of India to help individuals estimate the annuity amount they may receive under their LIC Jeevan Akshay Policy. The LIC Jeevan Akshay VI Calculator takes into account various factors, such as the policyholder's age, the premium amount, the annuity option chosen, and any other relevant details. By entering this information into the calculator, potential buyers can get an approximate idea of the annuity amount.

LIC Jeevan Akshay VI was withdrawn by the company, however, if you still wish to secure your post-retirement needs, you can buy LIC Jeevan Akshay VII, which is the new version of the withdrawn plan.

What Are The Benefits of Using Jeevan Akshay VI Calculator?

Using the Jeevan Akshay VI Calculator can provide several benefits to individuals. Here are some of the key benefits of using the calculator:

• Accurate Estimation: The calculator provides a reliable estimate of the annuity (pension) amount the policyholder can expect to receive under the LIC Jeevan Akshay VI plan. By entering relevant details such as age, premium amount, and annuity options, the calculator performs the necessary calculations to give a precise figure.

• Informed Decision Making: With the calculator's help, individuals can make more informed decisions about the Jeevan Akshay VI plan based on the estimated annuity amount. This empowers potential buyers to compare different annuity options and make choices that align with their financial goals and needs.

• Time-Saving: Calculating annuity amounts manually can be complex and time-consuming. The Jeevan Akshay VI Calculator simplifies this process, saving time and effort for individuals interested in exploring the plan.

• Exploration of Options: The calculator offers the flexibility to experiment with various combinations of age, premium amount, and annuity options. Users can explore different scenarios to find the most suitable plan for their retirement needs.

• Real-Time Results: As the calculator is web-based, users can get instant results, making it convenient for them to evaluate different options quickly.

• Customization: The calculator allows users to customize their inputs, which means they can tailor the plan to match their specific requirements and financial circumstances.

How to use LIC Jeevan Akshay VI Calculator

LIC Jeevan Akshay VI is a withdrawn plan, and hence one cannot buy this plan. However, to secure your post-retirement life, you can use the LIC Jeevan Akshay VII calculator

To calculate the pension amount using the LIC Jeevan Akshay Calculator 2024, you need to provide specific information related to the plan and your preferences:

• Pension Type: You can choose between a single life plan or a joint life plan.

• Pension Option: Select one of the ten available options for your annuity plan.

• Annuity Mode: Decide whether you want to receive your pension on a monthly, quarterly, bi-annually, or yearly basis.

• Primary Holder's Age: The primary holder must be 30 years of age or older, as the plan is only open to individuals above this age.

• Secondary Holder's Name and Age (if applicable): In case of a joint plan option, provide the name and age of the secondary holder.

• Premium Amount: Mention the premium payment amount you will pay to purchase the policy.

To calculate the premium rate of LIC Jeevan Akshay VII, follow these steps:

• Go to the official website of LIC.

• Look for the 'Banner of LIC Jeevan Akshay VII or Buy Policy Online' and click on it.

• Choose the LIC Jeevan Akshay VII Premium Calculator on the home page.

• Click the 'Buy Online' tab and select the Jeevan Akshay VII plan.

• You will be redirected to a new page.

• Enter your personal details, such as name, date of birth, gender, country code, mobile number, and email address in the LIC calculator.

• Click on the 'Quick Quote' option after entering all the required information.

• You will be redirected again to another page where you can select the term plan according to your requirements and proceed with the premium computation.

• Choose the coverage, premium amount, payment frequency, and policy tenure if necessary.

• After making your choices, the LIC Jeevan Akshay VII plan premium details will be displayed on the next page.

Wrapping It Up:

LIC Jeevan Akshay Plan calculator is a valuable tool that assists individuals in making informed decisions about their pension planning. By inputting essential details such as pension type, pension option, annuity mode, primary holder's age, and premium amount, prospective policyholders can calculate the premium rate for the LIC Jeevan Akshay VII plan.

The calculator simplifies the process of understanding the available options and their corresponding benefits, helping users tailor the plan to meet their specific needs and preferences. Whether one chooses a single life or joint life plan, and decides on the annuity mode that suits them best, the calculator provides accurate and transparent premium computations.