About the Plan LIC Jeevan Akshay 7 is an Immediate Annuity plan wherein the Policyholder has an option to choose type of annuity from 10 available different 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 Annuitant(s).LIC … Read more
LIC New Jeevan Shanti (Plan No.858), is a non-linked, single premium, deferred annuity plan. This plan gives you 2 different plan options to choose – Single Life Annuity and Joint Life Annuity. The annuity rates under this plan are guaranteed to the policyholders at the inception of the policy and are paid post deferment period … Read more
Introduction There are many Life Insurance Companies in India and they offer a number of Insurance Plans. One such plan that is on offer is the Pension Plan – also known as – Annuity Plan and many variants of the same are available in the Market. Whenever a person is given by too many choices, … Read more
Table 850 Plan Type A Non Linked, Non Participating, Single Premium, Annuity Plan Plan Options Pension Payment Plan Benefit Option 1 (Single Life) Benefits Option 2 (Joint Life) Death Benefit (Purchase Price + Accrued Guaranteed Additions*) – Total annuity amount payable till date of death OR 110% of Purchase Price Whichever is higher *Guaranteed Additions … Read more