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LIC ANNUITY OPTIONS
LIC product launches: 5 new products launched by Life Insurance Corporation in 2023Insurance behemoth Life Insurance Corporation of India (LIC) has launched many attractive insurance products in the year 2023. Here is a li...14 Dec, 2023, 01.40 PM IST- LIC Jeevan Akshay-VII annuity plan for monthly pension: Check eligibility, benefitsLIC Jeevan Akshay-VII is a non-linked, non-participating individual instant annuity plan. This plan is available for offline and online pur...09 May, 2023, 04.21 PM IST
- How SBI Annuity Deposit Scheme scores against SCSS, POMIS and LIC annuity schemeSBI Annuity Deposit Scheme offers a good way to generate high regular monthly income. This product appears attractive, especially to senior...02 May, 2023, 03.53 PM IST
- LIC hikes payout under New Jeevan Shanti annuity scheme; details hereThe modified version of this plan with higher annuity rates will be available for purchase on January 5, 2023. The incentive to pay higher ...09 Jan, 2023, 11.45 AM IST
- LIC increases annuity rates of Jeevan Akshay VII, New Jeevan Shanti with effect from Feb 1The modified version of these plans with revised annuity rates shall be available for sale from 1st Feb 2022. The annuity amount under both...11 Feb, 2022, 03.23 PM IST
- LIC’s Saral Pension scheme launched: Who can buy, how much regular income you will get, other detailsLIC Saral Pension is a non-linked, non-participating plan. The buyer needs to buy this annuity with a single premium after which the annuit...02 Jul, 2021, 12.30 PM IST
- LIC pension policyholders can submit life certificate via emailLIC has also has relaxed the death claim settlement process. To allow speedy settlement of death claims in the prevailing situation where d...13 May, 2021, 12.41 PM IST
- LIC further eases claims process in view of the pandemicLIC will now allow policyholders to refurbish discharge or death summary issued by hospitals, government or armed forces in relevant cases,...10 May, 2021, 08.45 PM IST
- Find out which annuity option suits you the bestLaunch of LIC's annuity plan, rising rates have reignited interest in annuities. Here are 5 plans offered by LIC, SBI Life, ICICI Prudentia...22 Oct, 2018, 10.04 AM IST
- Jeevan Akshay VI closes on December 1: Should you invest?If you are on the lookout for a guaranteed, lifetime pension product that is sovereign backed, should you invest in Jeevan Akshay before it...29 Nov, 2017, 04.40 PM IST
- Should you buy annuities when rates are high? These 6 factors will help you decideInsurance companies usually review their annuity rates on a monthly basis, so the reduction may happen at the beginning of next month.18 Sep, 2017, 06.30 AM IST
- Tax-free bonds better, stay away from annuities, say expertsLow annuity rates offered by insurance companies are torpedoing Jaitley’s ‘pensioned society vision’. And most experts are asking investors...14 Mar, 2016, 10.23 AM IST
- IRDAI asks life insurers to avoid delay in pension paymentThrough these communications the companies will ask the policyholders what payment option they have chosen for their pension.07 Aug, 2015, 11.01 PM IST
- LIC chosen as default NPS annuity service providerPFRDA chooses state-run LIC as the default annuity service provider for subscribers exiting from NPS and seeking withdrawal of accumulated ...03 Mar, 2013, 12.16 PM IST
- LIC offering 1% higher returns for online purchaseLife Insurance Corporation of India (LIC) has made available online its immediate annuity plan offering a 1% higher return for online purch...01 Sep, 2012, 09.29 AM IST
- IRDA working to reduce future risk for LIC saddled with of growing annuity payoutsThe Insurance Regulatory and Development Authority may make it mandatory for private insurers to sell annuity plans to their customers.06 Jun, 2011, 01.29 AM IST
- LIC's Jeevan Akshay-VI: Steady income, but returns not so attractiveIndividuals with no annuity (pension) benefit in retired life can look at purchasing immediate annuity product. LIC’s Jeevan Akshay-VI is a...20 Jul, 2010, 02.34 AM IST
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