LIC JEEVAN AKSHAY VI PLAN (189) Pension Scheme

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
Options [Know More about Options]	Pension Amount
	For 60 Year old	For 50 Year old
Option-1	93650	81450
Option-2	92750	81250
Option-3	90850	80550
Option-4	88250	79650
Option-5	85050	78650
Option-6	70350	69550
Option-7	75750	63350
Option-8	86550	77650
Option-9	80550	74250
Option-10	69650	69050