te LIC revised Jeevan Akshay VII and New Jeevan Shanti plans, effective from February 1 - See all you need to know | Zee Business

LIC revised Jeevan Akshay VII and New Jeevan Shanti plans, effective from February 1 - See all you need to know

Life Insurance Corporation of (LIC) has revised the annuity rates of Jeevan Akshay VII and New Jeevan Shanti policies.

LIC revised Jeevan Akshay VII and New Jeevan Shanti plans, effective from February 1 - See all you need to know
LIC revised Jeevan Akshay VII and New Jeevan Shanti plans, effective from February 1. Source: PTI

Life Insurance Corporation of (LIC) has revised the annuity rates of Jeevan Akshay VII and New Jeevan Shanti policies. The modified versions of these plans are being available from February 1, 2022.

See Zee Business Live TV Streaming Below:

TRENDING NOW

"Revision in annuity rates of annuity plans LIC’s Jeevan Akshay VII (Plan 857) and LIC’s New Jeevan Shanti (Plan 858," LIC tweeted from its official Twitter handle.

 

The annuity amount under both annuity options of New Jeevan Shanti can be calculated through the calculator provided on LIC’s website as well as through various LIC apps, as per the press release from LIC.

"LIC of India has revised annuity rates in respect of its annuity plans LIC’s Jeevan Akshay VII (Plan 857) and LIC’s New Jeevan Shanti (Plan 858) with effect from 1st Feb 2022," the press release said.

"The modified version of these plans with revised annuity rates shall be available for sale from 1st Feb 2022. The annuity amount under both annuity options of New Jeevan Shanti can be calculated through calculator provided in LIC’s website as well as through various LIC Apps," the release further noted.

In addition to revision of annuity rates LIC’s Jeevan Akshay VII (Plan no 857) can be purchased from new distribution channel Common Public Service Centres (CPSC – SPV) along with other existing distribution channels, it said.

Jeevan Akshay VII plan
Jeevan Akshay VII is an Immediate annuity plan where the policyholder has an option to choose type of annuity from 10 available
options on payment of a lump sum amount. The annuity rates are guaranteed at the inception of the policy and annuities are payable throughout the lifetime of the person.

The New Jeevan Shanti plan
The New Jeevan Shanti plan is a single premium plan where the policyholder has an option to choose between single life and joint life deferred annuity. The annuity rates are guaranteed at the inception of the policy and annuities are payable post deferment period throughout the lifetime of the person.

 

Written By: ZeeBiz WebTeam
Edited By: Preeti Verma
Updated: Wed, Feb 02, 2022
02:34 pm
New Delhi , ZeeBiz WebDesk
RELATED NEWS
LIC gets RBI nod to increase stake in HDFC Bank to 9.99%; lender's shares in green LIC gets RBI nod to increase stake in HDFC Bank to 9.99%; lender's shares in green
Govt grants one-time exemption to LIC to achieve 25% Minimum Public Shareholding in 10 years Govt grants one-time exemption to LIC to achieve 25% Minimum Public Shareholding in 10 years
LIC Policy Jeevan Utsav: This LIC plan offers guaranteed returns, assured income, life insurance, and other benefits LIC Policy Jeevan Utsav: This LIC plan offers guaranteed returns, assured income, life insurance, and other benefits
LIC keen to keep part of its stake in IDBI Bank to reap benefit of bancassurance LIC keen to keep part of its stake in IDBI Bank to reap benefit of bancassurance
GST Authority imposes Rs 36,844 penalty on LIC GST Authority imposes Rs 36,844 penalty on LIC

By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

x