Jeevan Akshay VI – Pension plan

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Jeevan Akshay VI Table No. 189 Summary:

Jeevan Akshay VI plan no.189 is an Immediate Pension (Annuity) plan, which can be purchased by paying a lump sum amount. The plan provides for annuity payments of a stated amount throughout the life time of the annuitant (Policy holder). Various options are available for the type and mode of payment of annuities.

Options Available:
The following options are available under this pension plan.

Type of Annuity:

  1. Pension (Annuity) payable for life at a uniform rate.
  2. Pension (Annuity) payable for 5, 10, 15 or 20 years certain and thereafter as long as you are alive.
  3. Pension (Annuity) for life with return of purchase price on death of the annuitant (Policyholder).
  4. Pension (Annuity) payable for life increasing at a simple rate of 3% p.a.
  5. Pension (Annuity) for life with a provision of 50% of the annuity payable to spouse during his/her lifetime on death of the annuitant.
  6. Pension (Annuity) for life with a provision of 100% of the annuity payable to spouse during his/her lifetime on death of the annuitant.

You may choose any one option from above list. However once chosen, the option cannot be altered.


Annuity may be paid either at monthly, quarterly, half yearly or yearly intervals. You may opt any mode of payment of Annuity.

Special Features:

  1. Premium is to be paid in a lump sum.
  2. Minimum purchase price : Rs.50,000/= or such amount which may secure a minimum annuity as under:
    Mode Minimum Annuity
    Monthly Rs. 500 per month
    Quarterly Rs. 1000 per quarter
    Half-yearly Rs. 2000 per half year
    Yearly Rs. 3000 per year
  3. No medical examination is required under the plan.
  4. No maximum limits for purchase price, annuity etc.
  5. Minimum age at entry 40 years last birthday and Maximum age at entry 79 years last birthday.
  6. Age proof necessary.

Incentives for high purchase price:
If your purchase price is Rs. 1.50 lakh or more, you will receive higher amount of annuity due to available incentives.

Annuity Rate:
Amount of annuity payable at yearly intervals which can be purchased for Rs. 1 lakh under different options is as under:

Age last birthday Yearly annuity amount under option
( i ) ( ii ) (15 years certain) ( iii ) ( iv ) ( v ) ( vi )
40 7510 7440 6930 5610 7310 7120
45 7770 7660 6960 5890 7500 7240
50 8140 7950 7000 6280 7760 7420
55 8650 8330 7050 6810 8130 7670
60 9350 8790 7110 7530 8640 8030
65 10410 9330 7180 8590 9400 8570
70 12080 9830 7260 10220 10560 9370
75 14510 10220 7360 12590 12240 10590

The Unique Identification Number (UIN) for LIC’s Jeevan Akshay VI plan is 512N234V03.

Cooling off period:
If you are not satisfied with the “Terms and Conditions” of the policy, you may return the policy to Life Insurance Corporation Of India within 15 days.

How to Apply for LIC Of India’s Amulya Jeevan 1?
Contact your nearest Life Insurance Corporation Of India (LIC of India) Branch/ LIC Agent. Or
Fill the Application form to apply online. (Mumbai only)

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The above is the product summary giving the key features of the plan. This is for illustrative purpose only. This does not represent a contract and for details please refer to your policy document.

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  1. ashraf says

    my dob is 23.03.1960
    I am 52 years and want to deposit 6 lac in pension plan.what I can expect after 58 years of my age what happens in case of death and how much pension will the nominee get after the my death.

  2. Surinder Pal Singh says

    What is the minimum and maximum amount to be paid one time for New Jeevan Akshay VI plan and what will be the monthly pension/income per lac will be given by LIC of India ?

  3. vidyasagar says

    I am aged 42 M and would like to invest 10K per month . If i do so up to 60 years of may age , how much i shall get every month once i reach 60 years .

  4. yamuna says

    hi friend,
    me need of advantage and the uses of jeevan akshaya plan in lic.
    wanna know abt age limits.
    is it a single premium?
    so kindly send in clear detail abt this through mail .
    thank u,
    wit reg Yamu.

  5. pradeep bagaria says

    Some one has worked in U.K. for 2 years. There was a pension scheme. Now since he or she has left that job these funds have to be transferred to specified pension fund. Can he or she buy Jeevan Akshay VI pension plan by making payment in GBP. If so please provide me the complete details.


    Pradeep Bagaria

  6. Awneesh Singh says


    u invest in endowment plus plan this beat for u because u want a good maturity & if u deid a good amount your nominee is received so u invest in endowment Plus.

    Thanking You

    With Best Regard’s

    Awneesh Singh

  7. Ashok Pandey says

    I want to one time premium policy plan, Can you guide me
    My age is 45 year
    I am 45 years of age if I invest 1 lakhs single premium how much pension per month I can expect after 55 years of my age what happens in case of death and how much pension will the nominee get after the my death.


  8. venkatesh says

    I am 43 years of age if I invest 4 lakhs single premium how much pension per month I can expect after 55 years of my age what happens in case of death and how much pension will the nominee get after the my death.

  9. Madana Prasad says

    I invested about 2,10,000 in about 3 years and a quarter in MNYL ULIP policy and used to get BP and headache whenever i have called them to know about the policy value, so i decided to cancel the policy with a loss of 20,000. So I need to know what is a better policy for me in LIC which will not give me a headache or High BP.

    Please reply, as i am ready to invest.

    Thanks & Regards,

  10. Ram says


    I am 40 years old. I want to invest 20 to 25 laks in immediate annuity (Jeevan Akshay VI plan) and i want to chose the option where the annuity rate increases by 3% per year. Can you pls tell me how much money i will get every month, and how good is the growth every year.

    • Naresh says

      What is the minimum entry age for policy jeevan akshay VI plan.189, as i saw 30 years(minimum entry age) in LIC site

  11. rajaram says

    Is there any risk coverage under jeevan akshay VI. If no return on invested amount is very low as compared to return available from banks.I have already invested rs.5lac under Plan 189 (jeevan Akshaya VI). On perusal of policy I did not find the option opted by me. Policy merely indicates the plan 189 which contains the details of all 6 options and do not speak the OPTION opted by me. Pl. reply. Thanks.

  12. Niladri Bhattacharya , Agent LIC of India , Code 10702416 says

    Mr. Kale ,
    I need the age of your sister .
    The policy can be issued from Kolkata .

  13. Prakash Kale says

    If my widow sister take the Jeevan Akshay 6 Table No. 189 Policy with a amount of Rs.300000/- Then plase let me know how much pension she can get per month and from when the pension starts ?

  14. gopinath says

    Dear sir,

    1. I have to invest 1 lac to 1.5 lac in one to three years(one time or yearly payment) for pension plan. i need pension exactly after 5 year(now my age is 44) what plan suitable for my age and time period. how much getting pension for after 5 years period per month.

    2. I need pension 6k to 7k then how much i have invest.

    Please advice
    Thanks for your advance help.

  15. Francis Lobo says

    Dear Sir,
    I plan to invest 1 time payment of 3L into annuity for life with return of purchase price, as I am told this is popular. My querry:
    Please revert how much i will get yearly. My age is 60 yrs.
    If I die in two years time to whom and how much will my nominee get.

    also what can u tell me about Beema Bachat scheme as many I read wants to pull out from Jeevan Akshay-VI and reinvest in Beema Bachat.

    Thanks and awaiting your prompt reply.

  16. pnn moothathu says

    1) i am a pensioner and will be 60 yrs next april i.e april2011. i would like to know about a pension scheme from which i can get a monthly income of Rs. 20,000/- and for that how much i have to invest in lumpsome.

    2) if i invest Rs. 2-3 lakhs as one time investment ,how much i can get as pension from immediate effect.
    kindly mail me the address of the office which i can contact in bangalore as i am staying in bangalore

  17. Apsar Shaik says

    I have been working in Maldives as School supervisor for Ministry of Education Maldives since 19th March 2002.

    My date of birth: 05.01.1977 (33yrs)
    Salary : 925 USD (Rs36,000 per month)
    Saving Amount: 50%
    Expected age of retirement : 45 – 50 yrs

    I would like you to take a retirement / pension policy and its complete details, which suits me the best . Please advice me.

  18. Sujit Kumar says

    Dear sir/Madam,

    I am working in factory,my monthly salary approx15000/month.My date of birth is 07/04/1975.I want to invest pension plan.Please suggest me which plan is sutable accourding to me and how much i will invest/anume.

    • Tabrej says

      Since you are 35 yrs old, you can go for New Jeevan Suraksha 1 or Jeevan dhara plan. Premium depends on how much pension you would need and term.

  19. Rajendra B. Sawant says

    Sir, I wish to purchase Jeevan Akshay – VI pension plan. Let me know the annuity amount I will receive if I invest Rs.1 lacs and Rs.1.50 lacs and opt for 1,3 & 6 option.


  20. JrC says


    I have one query regarding Jeevan Akshay VI. Query is as follows:

    I want to invest 1.5L of my mother aged 62 in Jeevan Ashay IV against postal MIS.

    In MIS, if invest 1.5L, monthly 1K (12Kpa) is returned. for 6yrs.

    IN JA6, approx ~1200 monthly for life under option (i- annutiy for life).

    In case of death, Will 1.5L will be given to nominee? Or it is over up on death wihtout original investment?

    My LIC agent is saying upon death, policy is over wihtout 1.5L in return.

    I doubt it.

    Please give favorable reply ASAP.


  21. Balwinder Singh Chehal says

    whether jiwan akshay-vi policy can be surrender due to unavoidable financal circumstances?

  22. Shobha Sethia says

    gd evng,
    you replied to my queries dated 5th and 6th that policy Jeevan Akshay VI can be surrendered and for that i hv to contact nearest branch. Now to my query dated 8th, you replied that no surrender value for Jeevan Akshay VI. pl guide me what to do to surrender Jeevan Akshay VI and get Beema Bachat of same value.
    with high regards,

  23. Shobha Sethia says

    Gd Morning,
    pl mention the name of the websight to know about surrender of Jeevan Akshay VI. or can you mail the copy of LIC of India regarding surrender of Jeevan Akshay VI?
    with regards,

  24. shobha sethia says

    Gd Evening,
    Regarding surrender of Jeevan Akshay VI, our branch denied. But I want to surrender to purchase beema bachat. what to do?

  25. Shobha Sethia says

    i want to surrender jeevan akshay VI to purchase Beema Bachat. what should i do? pl guide at the earliest.

  26. Shobha Sethia says

    Gd Evng,
    i want to convert my Jeevan Akshay VI policy into Beema Bachat. what to do? pl reply at the earliest.

  27. Asaf says

    Thanks tabrej,
    By the way since it is a “pension scheme” can anyone purchase Rs 1 lakh policy and claim deduction of Rs 1 lakh under 80C

  28. Asaf says

    Hi tabrej you are doing good work
    I have some queries regarding jeevan akshay vi
    I want to know that for example if one pays a single premium of Rs 1 lakh what will be the sum assured in all the 6 different options in case of death of the person

    will the nominee not get anything in option 1,2,4 – i mean to ask that will he not even get the 1 lakh that was invested

  29. AD says

    My father-inlaw was having a jeevan akshay policy. 26 days before he was expired. please guide me on the maturity of the policy and about the repayment of the amount

  30. Pradeep Mundada says

    My grandfather was having a jeevan akshay policy. 20 days before he was expired. please guide me on the maturity of the policy and about the repayment of the amount

  31. Jacinto says

    Dear Sir,
    My LIC agent informed me that for the Jeevan Akshay-VI (Plan-189) policy, under certain circumstances like medical emergency, LIC accepts surrender for this policy. Can you please let me know this is correct?

    Thank you

  32. Sanjeev Kumar Srivastava says

    Dear sir/Madam,

    I am working in chemical plant my monthly salary approx..22000/month.My date of birth is 01/08/1974.We want to invest pension plan.Please suggest me which plant is sutable accourding to me.

  33. quaisar ali says

    my date of birth is 3/10/1964,i want to open pension plan, please advice me which type of plan is benefit for me and how much lumsum money i invested. because i am working in gulf.

    with regards

  34. Josh says

    For returns on every 5 yrs, you can choose LIC Money back policy.

    In reliance for every 3 yrs you can get money back.


  35. rajesh gupta says


  36. VBV RAMA SASTRY says

    mobile no:09885766510



    I want better tax plan for 2009-2010 financial year

    Thanks & regards,

    L&T ECC(D).

  37. subhash chandra banerjee says

    i am 62yrs.old. if ipay rs.1.5 lakh as single premium how much annuity i will get per year for whole life?

  38. subhash chandra banerjee says

    my age is 62yrs. if i pay lumsump amount of rs.150000/ how much yearly annuity amount can be had till i attain age of 75yrs?

  39. Naga Raja says

    Thank you for accepting comment in a sportive spirit as senior citizens we are asked by our childern of course busy with their working schedules to look in to the details of the scheme at they may ask to meet the personnel hence this comment

  40. Nagaraja says

    The details that are furnished not at all help full to the common man the blog is not rich with communicative skills it silent over the pension that is paid after completion of policy and amount that is assured present bonus you are paying
    Thank you

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