Tag Archives: Pension


LIC’s Pradhan Mantri Vaya Vandan Yojana 842

LIC’s  Pradhan Mantri Vaya Vandan Yojana Plan No 842 is a plan which is Government Subsidized Scheme. It provides Return of 8% P.A. payable monthly (Equivalent to 8.30 % p.a) during policy term of 10 years. This plan is for the citizens above 60 years.  Sum Assured: Yearly: Minimum Rs. 1,44,578/-  Maximum Rs. 7,22,892/- Half Yearly: Minimum Rs. 1,47,601/-  Maximum Rs. 7,38,007/- Quarterly: Minimum Rs. 1,49,068/-  Maximum Rs. 7,45,342/- Monthly: Minimum Rs. 1,50,000/-  Maximum Rs. 7,50,000/- Pension Rate: Yearly: 8.30 % Half Yearly: 8.13 % Quarterly: 8.05 % Monthly: 8.00 % Pension Limit: Yearly: Minimum Rs. 12,000/-  Maximum Rs. 60,000/- Continue Reading »


LIC’s Jeevan Akshay VI Pension Plan 189

LIC’s Jeevan Akshay VI is a Pension /Annuity Plan under Table No 189. It is a plan with a Single premium, with Annuity Option, non-linked Endowment Plan Sum Assured: Minimum limit for the sum assured is Rs. 1, 50,000/- for online and Rs. 1, 00,000/- for other Channel, there is no maximum limit. Premium Paying Term: Single Premium Policy. Entry Age: 30 Year to Age 85 Year, for Option F 100 Year (LBD) Premium Payment Mode: Single Premium. Maturity Benefits: As per Option Selected. Income Tax Benefit: Premium paid under this policy is tax exempted under section 80C. Liquidity Benefit: No Loan facility available under this plan. Continue Reading »

Jeevan Nidh

LIC’s New Jeevan Nidhi Plan Table No. 818

LIC Jeevan Nidhi 818 is a plan with Single Premium or premium paying terms equal to policy term whichever chosen by the applicant, Conventional non-linked Endowment Assurance Plan with Profit. Other benefits are also available under this plan like tax benefits, and rider benefits. There are two options of premium payment 1. Single Premium and 2. Regular Premium Payment 1.      Single Premium Payment Option  Policy Term: 5 to 35 Years.  Premium Paying Term: Single Premium.  Entry Age: The minimum entry age of the policy holder should be 20  years and the maximum age limit is 60 years.  Vesting Age: Minimum 55 Years Continue Reading »