This is an immediate annuity plan, which provides for immediate annuity in consideration of lump sum amount. The annuity payable is Guaranteed for the life time. Service Tax is payable @1.50% of purchase price. Type of Annuity Options: i) Annuity for life ii) Annuity guaranteed for 5, 10, 15 or 20 years and for life thereafter iii) Annuity for life with return of … [Read more...] about LIC New Jeevan Akshay – VI (189)
Pension Policy
LIC New Jeevan Nidhi (818)
This is a with profits deferred pension plan, which provides for death cover during the deferment period, and annuity on survival to the date of vesting. The policy provides for Guaranteed Additions @ Rs-50/- per thousand Sum assured for the first 5 years. From 6th year onwards the vested simple Reversionary Bonus and Final Additional Bonus if any will also be payable either … [Read more...] about LIC New Jeevan Nidhi (818)