Interest Rate of LIC Jeevan Akshay VI Plan
(189) - [Explained]
Many people have asked, what is the interest rate of
jeevan akshay plan? The answer is, Jeevan akshay does not have a straight
forward x% of interest rate, rather it has 10 options and each option provides
a fixed pension/annuity amount that depends on policy holder's age at the time
of purchase.
So, LIC Jeevan Akshay VI plan is an immediate annuity
plan which provides fixed annuity or pension as per selected pension option.
The word immediate annuity signifies that policy holder will start receiving
regular payouts immediately after completion of selected mode duration, for
example, if monthly mode is chosen, then first amount will be available after
completion of 1 month from date of purchase.
The Annuity or pension rates of each option are mentioned
in a table against each permissible age, to explain it better, yearly pension
or annuity for age 60 and 50 have been given below.
Yearly Pension
Rate on 10,00,000 Purchase Price
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Options [Know More about Options]
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Pension Amount
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For 60 Year old
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For 50 Year old
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Option-1
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93650
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81450
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Option-2
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92750
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81250
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Option-3
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90850
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80550
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Option-4
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88250
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79650
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Option-5
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85050
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78650
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Option-6
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70350
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69550
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Option-7
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75750
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63350
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Option-8
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86550
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77650
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Option-9
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80550
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74250
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Option-10
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69650
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69050
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