LIC Jeevan Akshay - VII Calculator

What is LIC Jeevan Akshay VII Calculator?

LIC Jeevan Akshay VII calculator is a free online tool that can be used by the policy buyers to calculate the premium amounts that one needs to pay to get a certain amount i.e., life cover from your LIC Jeevan Akshay Plan. This online tool offered by LIC helps in financial planning and with this, you can easily estimate which premium rate is right for you and your family’s financial objectives.

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

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: It 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.

How To Use LIC Jeevan Akshay Calculator?

Using the Jeevan Akshay calculator to calculate the premiums of 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 easily be calculated.

Required Information

Here is the list of data required for calculating the pension amount using the LIC Jeevan Akshay Calculator 2023:

• 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 30 years of age the age has to be 30 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

Calculate Premium

Here we will see the process of calculating the premium rate of LIC Jeevan Akshay VII for the annuity option of your choice by using the LIC Jeevan Akshay 7 Calculator 2022:

• Step 1 – Visit the Official website of LIC

• Step 2 – Open ‘Banner of LIC Jeevan Akshay VII or Buy Policy Online’ and select the LIC Jeevan Akshay VII Premium calculator on the home page

• Step 3 – Click on the tab ‘Buy Online’ and select Jeevan Akshay VII plan

• Step 4 – After choosing the premium calculator or clicking on buy online, you will be redirected to the new page of LIC

• Step 5 – Enter the required details in the LIC calculator such as name, date of birth, gender, country code, mobile, and email.

• Step 6 - Click on the Quick Quote option after entering all the essential information.

• Step 7- The insurance buyer will again be redirected to a new window, where they can select the term plan as per their requirements and then proceed with the premium computation.

• Step 8 – Choose the coverage, premium amount, premium payment frequency, and policy tenure, if required by the insurer.

• Step 9 – Now a buyer can choose the quotes and then on the next page, all the LIC Jeevan Akshay VII plan premium details will be displayed.

How Does Jeevan Akshay for Senior Citizens Calculator Works?

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

Sample Premium Illustration

Let us suppose, you are a 35-year-old male who is willing to buy the policy for Rs. 5 Lacs. If the pension mode is selected as annual, the regular pension for both Options F and J are:

How to Purchase LIC Jeevan Akshay - VII From Policybazaar?

You can easily purchase LIC Jeevan Akshay Plan from Policybazaar by following the below-mentioned steps:

• Go to the LIC Jeevan Akshay plan page on Policybazaar

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

• Then enter your age as well and city.

• 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

• Proceed to pay

FAQ's