LIC Policies: If you have also taken LIC policy, then this is important news for you. Actually, Life Insurance Corporation of India (LIC) has announced amendments in its two major insurance policies – LIC Jeevan Akshay VII and LIC Nai Jeevan Shanti.
LIC has changed the annuity rates of its annuity plans LIC’s Jeevan Akshay VII (Plan 857) and LIC’s new Jeevan Shanti (Plan 858) with effect from February 1, 2022. LIC has tweeted this information.
Know what LIC said?
According to the information given by LIC, the revised versions of these plans with revised annuity rates are available for sale from February 1, 2022. The annuity amount under both the annuity options of New Jeevan Shanti can be calculated through calculators on the LIC website as well as through various LIC apps.
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
HOW TO BUY POLICY
According to the LIC website, these plans are available both online and offline. Customers can buy the policy online by visiting the LIC India website, while for offline plans, customers can visit the branch channel. Not only this, LIC’s Jeevan Akshay VII (Plan No. 857) is now available through a new distribution channel called Common Public Service Center (CPSC- SPV).
Know about LIC’s Jeevan Akshay-
VII- Jeevan Akshay VII Policy is now LIC’s Immediate Annuity Plan. In this policy of LIC, you can get a pension of 20 thousand rupees every month for life by paying premium once. In this scheme, by paying a lump sum premium, the investor can choose any one of the 10 available annuity options. Any Indian citizen can take Jeevan Akshay policy. In this, investors can also get pension by paying an installment of Rs 1 lakh.
Know about LIC’s new Jeevan Shanti-
According to the sale details of the plan available on the LIC website, you will get 2 options in this plan, one is Immediate Annuity and second is Deferred Annuity. In Immediate Annuity, the investor gets the payment immediately. Whereas, in Deferred Annuity, you can invest in the plan by paying a single premium and get paid after a certain number of years.
LIC If you invest Rs 10 lakh in this insurance policy at the age of 45, then you will start getting a pension of Rs 74,300 annually. If you want to take this amount monthly, then it will become about 9 thousand rupees. If you start pension after 5, 10, 15 or 20 years, then its amount will increase, although there are some conditions. You can get the returns on monthly, quarterly, half yearly and yearly basis also.
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