LIC has changed the annuity rates of its annuity plans- Jeevan Akshay VII (Plan 857) and LIC’s new Jeevan Shanti (Plan 858). The revised annuity rates of these insurance plans will be available for sale from February 1.
New Delhi: There is important news for the customers of LIC. Life Insurance Corporation of India (LIC) has done the latter in its two insurance policies. LIC has announced amendments to Jeevan Akshay VII and New Jeevan Shanti. Actually, LIC has changed the annuity rates of its annuity plans- Jeevan Akshay VII (Plan 857) and LIC’s new Jeevan Shanti (Plan 858). The revised annuity rates of these insurance plans will be available for sale from February 1.
LIC gave information
According to LIC, the annuity amount under both the annuity options of New Jeevan Shanti can be calculated using the calculator available on LIC’s website as well as through different LIC apps. These insurance plans are available both online and offline. Customers can also buy offline plans by visiting the website of LIC India online or by visiting the branch channel.
As per information provided by LIC, apart from the revision in annuity rates, LIC’s Jeevan Akshay VII (Plan No. 857) can be purchased from the new distribution channel Common Public Service Center (CPSC-SPV) along with other existing distribution channels. Is.
Press Release – Revision in annuity rates of annuity plans
LIC’s Jeevan Akshay VII (Plan 857) and LIC’s New Jeevan Shanti(Plan 858 pic.twitter.com/6PnIgw6sS4— LIC India Forever (@LICIndiaForever) February 1, 2022
New Jeevan Akshay Policy
The newly introduced plan Jeevan Akshay VII is now LIC’s Immediate Annuity Plan. At the same time, Jeevan Shanti has become a deferred annuity plan. For this, Jeevan Shanti Yojana has also been modified, so as to avoid any duplication with Jeevan Akshay.
In LIC’s Jeevan Akshay policy, you can get a pension of 20 thousand rupees every month for life by paying a premium once. In LIC’s Jeevan Akshay scheme, on payment of a lump sum amount, investors get the flexibility to choose any one of the 10 available annuity options. That is, instead of Jeevan Shanti, options A to J will be available only with LIC’s Jeevan Akshay scheme.
Know what is New Jeevan Shanti Scheme? (LIC Jeevan Shanti Scheme)
Jeevan Shanti policy is similar to LIC’s old plan Jeevan Akshay plan. You have two options in Jeevan Shanti policy. The first is Immediate Annuity and the second is Deferred Annuity. This is a single premium plan. Under the first i.e. Immediate Annuity, pension facility is available immediately after taking the policy. On the other hand, in the option of deferred annuity, pension facility is available after 5, 10, 15 or 20 years of taking the policy. The biggest thing is that if you want, you can start your pension immediately.
