LIC New Jeevan Nidhi plan is a conventional with profits pension plan with a combination of protection and saving features
Apr 18th, 2019 3:37 pm | By ThenewsmanofIndia.com | Category: LATEST NEWS
(THE NEWSMAN OF INDIA)
Life Insurance Corporation (LIC) of India, the country’s largest life insurance company, offers four types of pension plans. These are: Pradhan Mantri Vaya Vandana Yojana, LIC New Jeevan Nidhi, LIC Jeevan Akshay- VI and LIC Jeevan Shanti Policy, according to LIC’s website – www.licindia.in. The Life Insurance Corporation (LIC)’s New Jeevan Nidhi offers a combination of benefits such as protection and savings.
LIC’s New Jeevan Nidhi Plan (pension plan) can be purchased by any individual between the age group of 20-60 years for a minimum basic sum assured of Rs 1 lakh under the regular premium policy option and Rs 1.5 lakh under the single premium policy option.
Individuals purchasing the LIC New Jeevan Nidhi plan get to choose from a range of deferment period options, from five years to 35 years, under the single premium option. Under the regular plan option, the subscriber can pick a deferment period ranging from seven years to 35 years.
The minimum age of starting the pension is 55 years and a maximum age of 65 years is permitted, according to LIC.
Government News
- NMDC excels at Governance Now 10th PSU Awards 03/26/2024
- MCL becomes the first ever Co. to achieve 200 MT coal production 03/24/2024
- THDCIL conferred with “The GEEF Global Environment Award 2024” 03/21/2024
- Defence Secy inaugurates Prototype 1500 HP Engine by BEML 03/20/2024
- SJVN & THDCIL Spearhead Interactive Workshop 03/19/2024