LIC’s New Jeevan Nidhi Policy is a conventional with profits pension plan. Plan no. 812 covers death during the deferment period and offers annuity on survival to the date of vesting. Death Benefit: Death within 5 policy years: Basic Sum Assured plus accrued Guaranteed Addition would be paid as lump sum or in the form of an annuity… Read More »
LIC’s Pension Plus is a unit linked deferred pension plan, which provides you a minimum guarantee on the gross premiums paid. The plan is without any life cover.
A retirement plan is an assurance that you will continue to earn a satisfying income and enjoy a comfortable lifestyle, even when you are no longer working. To understand why retirement planning is important, and why you should too, read on. Independence is the new way of life: An increasing number of young Indian professionals… Read More »
Table 147 & 148 -DEFERRED ANNUITY PLAYS w.e. f 1-2-2002 This is a with profit pension plan suitable for everyone who wants to provide regular financial security for their family. The Plan is suitable for employees, businessmen & retired persons. CONDITIONS FOR ELIGIBILITY: 1. MIN AGE AT ENTRY :18 YEARS (L.b.d.) 2. MAX AGE AT… Read More »
Jeevan Akshay-VI Immediate Annuity Plan w.e.f 10-09-2007 Most suitable plan for retired employees who would like to make one time investment. Also suitable for people who need regular and periodical amount without interrupts (businessmen or professionals). 1. Investment (Single premium) In the beginning made only once . 2. The annuity rates are applicable for new… Read More »