LIC of India modified LIC's New Jeevan Shanti Plan
Life Insurance Corporation of India has revised annuity rates upwards in respect of its annuity plan LIC's New Jeevan Shanti (Plan No. 858) with effect from 05.01.2023.
LIC of India modified LIC's New Jeevan Shanti Plan
NEW DELHI- Life Insurance Corporation of India has revised annuity rates upwards in respect of its annuity plan LIC's New Jeevan Shanti (Plan No. 858) with effect from 05.01.2023. The modified version of this plan with enhanced annuity rates shall be available for sale from 05.01.2023. The incentive for Higher Purchase Price is also enhanced. It ranges from Rs.3/- to Rs.9.75 per Rs.1000/- purchase price of based on the Purchase Price and deferment period opted.
This is a single premium plan wherein policyholder has the option to choose between Single life and Joint life deferred annuity. The plan is tailor-made for working & self-employed professionals who wish to plan for future regular income after a deferment period. The plan is also suitable for people having surplus money with them for investment. Being a deferred annuity plan young professionals can plan for their retirement from an early stage.
The annuity rates are guaranteed at the inception of the policy and annuities are payable post deferment period throughout the life time of Annuitant(s).
The annuity amount under this New Jeevan Shanti Plan can be calculated through calculator provided in LIC's website as well as through various LIC Apps.
The plan is available both offline as well as online.
Read Also : Sh.SV krishna Head commercial, WAPCOS Ltd Minstry of Jal Shakti, GoI met Minister Sh. Nimmala RamanaiduNews Must Read
- Coal Secretary Amrit Lal Meena meets Chhattisgarh CM Vishnu Dev Sai
- Miniratna PSU NCL marks brilliant performance in FY 2023–24
- NBCC sign MoU with NIT Patna, Costing Rs 36 Cr
- DVC sign Power Purchase Agreement with GUVNL
- Defence Ministry to support all endeavours of BEL
- NCL SIgns MoU with UPRVUNL for 250 MW of Solar Power Capacity
- NTPC Vidyut Vyapar Nigam Ltd Achieves 43% YoY Growth, Trading 11.5 Billion Units in Q1 FY25
- Vivek Chandrakant Tongaonkar appointed as ONGC’s New Director (Finance) and CFO
- IREDA's Impressive Q1 FY25 Performance
- NTPC achieves 17.15% surge in Coal Despatch and 15% Growth in Coal Production in Q1 FY25