Pension Policy

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)

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)