LIC Jeevan Akshay VII Calculator 2026 : Check Your Pension, Plan 857 Details & Annuity Rates

What is LIC Jeevan Akshay VII Calculator?

LIC Jeevan Akshay VII calculator is a digital tool that helps investors estimate the pension they will get throughout their life from their LIC Jeevan Akshay annuity plan. The results illustrated by this calculator are estimations based on the annuity rate applicable, therefore, they may differ from the actual plan benefits.

Hence, this online tool offered by LIC shall be used for financial planning through estimates generated by the Jeevan Akshay pension plan calculator. Apart from the interest rates, the result also depends on the premium paid by the policyholder. Users can use the LIC Jeevan Akshay calculator multiple times and enter a different premium amount each time to check how much pension they will receive for the amount they invest.

The Jeevan Akshay for Senior Citizens calculator works by calculating the pension amounts depending on the premium, pension type you choose, your age and some other factors that we will discuss here in this article:

LIC Jeevan Akshay 7 Plan Details & Maturity Calculator

Many people search for a "maturity calculator" for Jeevan Akshay 7. This plan has no maturity value, because it pays a pension for life from day one. The calculator therefore shows your annuity amount, not a maturity amount. The one exception is Option F (and Option J), which return the purchase price to your nominee after the annuitant's death. Key plan details at a glance:

• Plan type: Single premium, immediate annuity (non-linked, non-participating)

• Annuity options: 10 (Option A to J)

• Entry age: 25 years (completed) minimum, 85 years maximum (100 years for Option F)

• Annuity modes: Monthly, quarterly, half-yearly and yearly

• Maturity benefit: None

How To Use LIC Jeevan Akshay Calculator?

Using the Jeevan Akshay calculator to calculate the pension expected from the LIC Jeevan Akshay VII plan is as simple as using any other mathematical calculator. One must fill in the required data relevant to the policy, and the pension amount will be easily calculated.

Required Information

Here is the list of data required for calculating the pension amount using the LIC Jeevan Akshay Calculator 2026:

• Pension type: It can be either a single or joint life plan

• Pension option: Choose any one of the 10 options available

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

• Primary Holder’s age: Since the plan is only open for people over 25 years of age the age has to be 25 years (completed) or more

• Secondary Holder’s name and age: In case of a joint plan option

• Premium Amount: The premium payment amount paid to purchase the policy

Steps to Calculate Annuity

Here we will see the process of calculating the annuity amount of LIC Jeevan Akshay VII for the annuity option of your choice by using the LIC Jeevan Akshay 7 Calculator 2026:

• Step 1 – Visit the Official website of LIC.

• Step 2 – Look for the ‘Premium Calculator’ button and click on calculate premium.

• Step 4 – Now enter the required details in the LIC calculator such as name, date of birth, gender, country code, mobile and email.

• Step 5 - Click on the Quick Quote option after entering all the essential information.

• Step 7- You will have to choose Jeevan Akshay VII plan from the list and then enter policy details like the premium amount, policy term, annuity option, etc.

• Step 8 – Submit all the required details.

• Step 9 – The calculator will then display the illustration with a detailed description of the annuity payable.

If you’re also exploring term life insurance plans, then you can calculate their premiums using Policybazaar’s Term Insurance Calculator.

LIC Jeevan Akshay Calculator for Senior Citizens

Many retirees use the LIC Jeevan Akshay calculator for senior citizens to plan a steady monthly income. The pension is generally higher at older ages, because the purchase price is spread over fewer expected years. For example, a 60-year-old investing ₹10 lakh and choosing Option A would receive ₹86,100 a year. Try different options and annuity modes to compare how much pension you get.

How Does the LIC Jeevan Akshay VII for Senior Citizens Calculator Works?

To understand the working of LIC Jeevan Akshay for senior citizens calculator, let us take a look at the illustration below.

Sample Illustration

Let us suppose, you are a 60 years old male who is willing to buy the policy for Rs. 10 Lacs (excluding applicable taxes). The annuity mode you selected is yearly and the age of the secondary annuitant at entry is 55 years. The annuity amount for all the options will be as follows:

What Are The Benefits of Using Jeevan Akshay Calculator?

Below-mentioned are 5 benefits of using an Jeevan Akshay 7 Calculator:

• Easy to use: The LIC 857 Plan LIC Calculator is easy and undemanding to use as it is an online tool that is easy to access and use.

• Time-saving: The Jeevan Akshay pension plan calculator is accurate and time-saving as you don't have to perform all the calculations manually using the formulas yourself.

• User-friendly: The calculator is also user-friendly as all you have to do is enter the values and it will compute all the tedious calculations itself.

• Convenient: It removes the need of spending hours figuring out the formulas and details to be taken into account using a manual chart.

• Accurate Estimation: Since it is all computed online, the calculations of Jeevan Akshay Calculator are accurate and reliable.

• Easy Comparison: With the help of LIC Jeevan Akshay VII calculator, you can compare several plans and choose the best plan as per your needs and budget.

LIC Jeevan Akshay 7 Interest Rate: What Is the Annuity Rate?

Jeevan Akshay VII does not have a single fixed "interest rate" like a bank FD. Instead, LIC uses an annuity rate, which is the yearly pension as a percentage of the purchase price. The rate depends on your age, the annuity option and the purchase price, and it is locked in when you buy the policy. In the sample above, the LIC Jeevan Akshay 7 interest rate (annuity rate) for a 60-year-old ranges from about 6.3% to 8.6% a year, depending on the option. Options that return the purchase price (F and J) pay a lower rate than plain life annuities. Higher purchase prices can also earn a better annuity rate, so check LIC's current rate table for your age.

How to Purchase LIC Plans From Policybazaar?

To purchase an LIC life insurance policy from the Policybazaar platform, users need to follow the steps given below:

• Go to the LIC page on Policybazaar.

• Fill in the relevant information that is name and mobile number and click on view plans.

• Then enter your age, city and other information as they pop up on the screen.

• Customize your requirements by choosing the amount you want to invest and tenure of the policy.

• Once done, choose the best-suited plan as per your requirements and click on view details.

• Proceed to pay to purchase the plan of your choice.

Is LIC Pension Plan Calculator Helpful?

An LIC pension plan calculator could be a helpful tool for people planning to invest their money in a policy which can give them financial security in their post retirement days. Before investing in a pension plan, one would want to know the amount they will receive regularly and whether it would be enough or not. The LIC Jeevan Akshay pension plan calculator is available on the LIC website and is free to use, so one can use it multiple times. Each time use the calculator by entering a different premium amount and you will know what amount of investment will give you enough pension whether you want it monthly, quarterly, half-yearly or yearly.

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