🛡️ Table No. 857 • Pension • Immediate Annuity
LIC Jeevan Akshay VII Calculator
Immediate Annuity with 10 Diverse Pension Options. Check exact yearly, half-yearly, and monthly premiums with 2026 bonus estimations.
30 Years
₹ 10,00,000
LIC Jeevan Akshay VII RETURNS
Projected Total Maturity / Payout
₹ 0
Total Premiums Paid (Over PPT)
Net Profit / Bonus Gain
₹ 0
1st Year Premium (+ 4.5% GST)
₹ 0
Renewal Premium (+ 2.25% GST)
₹ 0
Guaranteed Life Cover (Death Benefit)
₹ 0
Daily Savings Required
₹ 0/day
| Basic Sum Assured | ₹ 0 |
| Simple Reversionary Bonus (SRB) | ₹ 0 |
| Final Additional Bonus (FAB) | ₹ 0 |
| Guaranteed Additions (if applicable) | ₹ 0 |
| Periodic Survival Benefits Paid | ₹ 0 |
| Estimated Total Value | ₹ 0 |
RENEWAL PREMIUM IN ALL PAYMENT MODES
Yearly
₹ 0
+2.25% GST
Half-Yr
₹ 0
+2.25% GST
Quarterly
₹ 0
+2.25% GST
Monthly
₹ 0
+2.25% GST
Investment vs Returns Distribution
Life Cover & Surrender Value Accumulation
| Year | Age | Annual Premium | Cumulative Invested | Normal Life Cover | Accidental Cover | Surrender Value | Eligible Loan (90%) |
|---|
About LIC Jeevan Akshay VII (Table No. 857)
Immediate annuity plan offering 10 payout options including annuity for life, annuity payable for guaranteed 5/10/15/20 years, joint life, and return of purchase price.
Key Plan Highlights
- 10 distinct annuity options to choose from
- Pension starts immediately (monthly, quarterly, half-yearly, yearly)
- No medical examination required
- Incentive for higher purchase price
Eligibility Criteria
- Minimum Entry Age: 30 Years
- Maximum Entry Age: 85 Years
- Minimum Basic Sum Assured: ₹ 1,00,000
- Maximum Basic Sum Assured: No Upper Limit (subject to underwriting)
Tax Benefits & Liquidity
- Section 80C: Premiums eligible for tax deduction up to ₹1,50,000/year.
- Section 10(10D): 100% tax-free maturity and death claims.
- Policy Loan: Available after paying 2 full years of premiums.
- Surrender Value: Guaranteed surrender value acquires after 2 years.
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Helpful Policy Tools for this Plan
Estimate cash surrender values, loan eligibility, or compare side-by-side.
Frequently Asked Questions about LIC Jeevan Akshay VII
Get quick answers to the most common questions regarding LIC Jeevan Akshay VII (Table 857) premiums, bonus rates, and maturity.
Q1: How many pension options are available under LIC Jeevan Akshay VII (857)?
⌄
Jeevan Akshay VII offers 10 different annuity options, including life annuity, annuity guaranteed for 5/10/15/20 years, joint life, and annuity with return of purchase price.
Q2: Is any medical examination required for Jeevan Akshay VII?
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No medical examination is required regardless of age or purchase price.
Q3: What is the minimum entry age for Jeevan Akshay VII?
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The minimum entry age is 30 years (except for Option F with Return of Purchase Price where special rules apply).