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Jeevan Akshay VII Calculator

Plan 857UIN: 512N337V07

Immediate annuity, start receiving pension right away

Calculate Your Premium

Eligibility: 25 to 85 years

Minimum: ₹1,00,000

View full plan details for Jeevan Akshay VII→
Estimated Premium

Annual Premium

₹8,370

GST-exempt (individual life cover)

Annual Premium

₹8,370

Sum Assured

₹1,00,000

Term

1 years

Total Premium

₹8,370

Add riders

Benefits at a Glance

Death Benefit

Purchase price returned to nominee (in select options)

Maturity Benefit

Pension for life

Tax Benefits

  • Section 80CCC deduction on premium
  • Pension is taxable income
Official Premium Table(from LIC Sales Brochure)
Age1 yr2 yr3 yr4 yr
60 yrs₹86,100₹84,000₹64,000₹68,700

Annual premiums in Rs. for BSA of ₹10,00,000. Standard lives. Exclusive of taxes.

Mode Rebates: Yearly: Base rates shown | Half-Yearly: Slightly lower annuity | Qtr/Monthly: Slightly lower annuity

High Sum Assured Rebate

Sum Assured RangeRebate
₹5L to ₹10L₹2.40-3.40 per ₹1,000 purchase price incentive
₹10L to ₹25L₹3.40-3.90 per ₹1,000 purchase price incentive
₹25L to ₹1Cr₹3.90-4.15 per ₹1,000 purchase price incentive
₹1Cr and above₹4.15 per ₹1,000 purchase price incentive

Important Disclaimer

These premium rates are indicative, sourced from official LIC Sales Brochures. Actual premiums may differ based on underwriting, medical examination, and other factors. Individual life insurance is GST-exempt since Sep 2025. Please consult your insurance advisor or nearest LIC branch for exact premium quotes before making any purchase decisions.

Last verified: 2026-03-21

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