Life coverage Corporation of (LIC) has amended the annuity paces of Jeevan Akshay VII and New Jeevan Shanti approaches. The altered renditions of these plans are being accessible from February 1, 2022. Update in annuity paces of annuity designs LIC's Jeevan Akshay VII (Plan 857) and LIC's New Jeevan Shanti (Plan 858," LIC tweeted from its true Twitter handle.
The annuity sum under both annuity choices of New Jeevan Shanti can be determined through the adding machine given on LIC's site as well as through different LIC applications, according to the official statement from LIC. LIC of India has overhauled annuity rates in regard to its annuity designs LIC's Jeevan Akshay VII (Plan 857) and LIC's New Jeevan Shanti (Plan 858) with impact from first Feb 2022," the official statement said.
"The changed adaptation of these plans with amended annuity rates will be ready to move from first Feb 2022. The annuity sum under both annuity choices of New Jeevan Shanti can be determined through number cruncher given in LIC's site as well as through different LIC Apps," the delivery further noted. Notwithstanding correction of annuity rates LIC's Jeevan Akshay VII (Plan no 857) can be bought from the new circulation channel Common Public Service Centers (CPSC - SPV) alongside other existing conveyance channels, it said.
Jeevan Akshay VII arrangement
Jeevan Akshay VII is an Immediate Annuity plan where the policyholder has a choice to pick a sort of annuity from 10 accessible. choices on the installment of a singular amount sum. The annuity rates are ensured at the origin of the strategy and annuities are payable all through the lifetime of the individual.
The New Jeevan Shanti plan
The New Jeevan Shanti plan is a solitary premium arrangement where the policyholder has a choice to pick either single life or joint life conceded annuity. The annuity rates are ensured at the beginning of the arrangement and annuities are payable post delay period all through the lifetime of the individual.
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