LIC Jeevan Akshay VII Plan 857 Calculator
Non-Linked, Non-Participating, Individual Immediate Annuity Plan — Guaranteed Fixed Income for Life
Immediate Annuity Plan: Pay a one-time lump sum (Purchase Price) and LIC pays you a guaranteed fixed annuity for life starting from the very next instalment date. The annuity rate is locked at inception. 10 options: life-only, guaranteed periods, return of purchase price, joint life, and growing annuity. Annuity rates shown are indicative, anchored to the brochure illustration (Age 45, ₹10 lakh, Yearly, Offline). Actual rates are determined by LIC at the time of policy issuance and vary by age.
Enter Your Details
Purchase Price, Age & Annuity Option
₹
Age 25–29: Min ₹10,00,000 | Age 30+: Min ₹1,00,000 | No maximum limit. GST payable separately.
Enter valid purchase price (Age 25–29: min ₹10L; Age 30+: min ₹1L).
👤
Min 25 | Max 85 years (Option F allows up to 100 years)
Enter age between 25 and 85 (or up to 100 for Option F).
👥
Must be spouse, parent, child, grandparent, grandchild, or sibling of primary annuitant.
Enter secondary annuitant age (18–85).
—
Your Annuity Summary
Annual annuity breakdown
Purchase Price (lump sum invested)
—
Annual Annuity (gross)
—
Effective Annuity Rate (% of Purchase Price p.a.)
—
Purchase Price Returned on Death
—
Key Metrics
Income summary & break-even analysis
—
Annual Income
—
Monthly Equivalent
—
Effective Annual Rate
—
Break-even Year
—
10-Year Total Annuity
—
20-Year Total Annuity
Guaranteed Period Benefit
Nominee receives annuity if death within guaranteed period
Guaranteed Period
—
Guaranteed Payout (full period)
—
If death in Year 1 — nominee receives
—
Growing Annuity Schedule (Option G)
Annuity increases by 3% p.a. simple rate on each completed policy year
| Year | Annual Annuity (₹) | Annual Increase vs Year 1 (₹) | Increase % |
|---|
Cumulative Annuity vs Purchase Price
Break-even analysis — year when total annuity received recovers purchase price
Year-wise Annuity Schedule
30-year projection of annuity payments and cumulative income
| Year | Age | Annual Annuity (₹) | Instalment (₹) | Cumul. Received (₹) | vs Purchase Price (₹) |
|---|
Disclaimer: Annuity rates shown are indicative and based on the brochure illustration for Age 45, ₹10 lakh purchase price, Yearly mode, Offline channel. Actual annuity rates are determined by LIC at the time of policy issuance and vary significantly by age, purchase price slab, annuity option, and payment mode. The annuity rate once fixed at inception does not change. Options H, I, J rates are approximated based on brochure-illustrated joint life data. This calculator is for comparison and illustration purposes only. Purchase Price below ₹1,50,000 attracts reduction factors. For options F and J, surrender and loan facilities are available after 3 months from issuance. Consult your LIC agent or visit licindia.in for exact rates and policy terms. LIC Jeevan Akshay VII — Plan 857 (UIN: 512N337V04).
Mohibul Islam
LIC Agent & Web DeveloperMohibul Islam is an LIC agent with 7+ years of experience. He also works in web development and blogging. He creates simple tools on LIC Plan Calculator to help people understand LIC plans, calculate benefits, and make better financial decisions easily. Read More About »