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LIC ANNUITY PRODUCTS
LIC in talks with regulators on long-term instruments to match growing liabilities: CEOLife Insurance Corporation of India is working with regulators like the Reserve Bank and Sebi. This is to increase long-term investment opt...- LICs Smart Pension Plan: What is it and other important FAQs for your retirement planningLIC Smart Pension Scheme 2025: LIC has introduced the Smart Pension Plan, a non-linked, non-participating annuity plan offering liquidity o...
- LIC’s Smart Pension Plan: Key features, eligibility, annuity options, death benefits and moreLIC has introduced the Smart Pension Plan, offering flexible annuity options and secure income streams for retirees. The plan is designed f...
- 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...
- 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...
- 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...
- 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,...
- LIC needs to match private insurers in techWhile the new business premium of private companies rose 16.29% over the previous fiscal year, that of LIC grew 3.48%, adding up to a cumul...
- Nimble private insurers chip away at LIC’s leadLIC’s market share by way of adjusted premium equivalent has fallen from 53 per cent in FY16 to 48 per cent in the second half of FY19.
- The LIC story: A monopoly with no sell-by dateThanks to the trust the name it evokes, LIC's dominance remains. But it needs to improve returns, invest in technology, and be innovative t...
- 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...
- 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.
- 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...
- 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.
- 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...
- 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.
- 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...
- LIC plans to enter reverse mortgage spaceLIC is in initial discussion with the housing finance regulator, National Housing Bank (NHB), for introducing this scheme to its clients, a...
- LIC plans to enter reverse mortgage spaceLIC is in initial discussion with the housing finance regulator, National Housing Bank (NHB), for introducing this scheme to its clients, a...
- Co to unveil unit-linked group pension plan soonLIC’s set to unveil its first unit-linked group pension product for corporates. The product, Gratuity Plus, has been approved by Irda and w...
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