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Life Insurance Corporation of India

Founded in 1956, Life Insurance Corporation of India (LIC) is the largest life insurance company in the country with a total income of Rs. 492626.60 crore and total assets worth Rs. 2572028.34 Cr It’s fully owned by the Government of India & is also the county’s largest investor.

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Plan No. 189

Immediate Annuity Plan - Annuity starts as early as the next month.
Single premium plan: "Pay - Once - Enjoy - Forever".
Options of Annuities to choose from:
- Immediate Annuity per annum payable for the remainder of life.
- Immediate Annuity per annum payable for 5 years certain so long thereafter as the annuitant may be alive.
- Immediate annuity per annum payable for 10 years certain and so long thereafter as the annuitant may be alive.
- Immediate Annuity per annum payable for 15 years certain and so long thereafter as the annuitant may be alive.
- Immediate Annuity per annum payable for 20 years certain and so long thereafter as the annuitant may be alive.
- Immediate Annuity per annum payable for life with return of purchase price on death of the annuitant.
- Immediate Annuity increasing at 3% per annum (simple) payable for life.
- Immediate Annuity for life with a provision for 50 % of the annuity to the spouse on death of the annuitant.
- Immediate Annuity for life with a provision for 100 % of the annuity to the spouse on death of the annuitant.
- Annuity for life with a provision for 100% annuity payable to spouse on death of annuitant with return of purchase price on death of the last survivor.
No medical examination is required for purchasing this policy.
Available for age at entry as low as 30 years and upto 85 years.

Eligibility Criteria
	Min.	Max.
Age	30	85
Sum	10,0000	No limit
Premium Modes	Single

Single Premium: Rs 100000 Plus taxation
Age is consider 30 years
Pension Mode	A	B	C	D	E	F	G	H	I	J
Yearly Mode	7190	7190	7180	7160	7150	6890	5250	7080	6970	6860

* Pension trends in option G
	Pension Yearly
Pension Mode	1	2	3	4	5	10	15	20
Yearly Mode	5250	5408	5565	5723	588	6668	7455	8243

- Pension will start after the completion of the pension mode opted.
For example: If the pension mode is Half Yearly then the pension will start after the end of six months from the date of purchase of the policy.

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