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LIC modifies Jeevan Akshay VII, New Jeevan Shanti plans; revised policy available for sale from Feb 1

The annuity amount under both annuity options of New Jeevan Shanti can be calculated through calculator provided in LIC’s website as well as through various LIC Apps, the state-run insurance provider said.

January 31, 2022 / 07:06 PM IST

The Life Insurance Corporation of India (LIC) on January 31 announced a revision in two of its prominent insurance plans - Jeevan Akshay VII and New Jeevan Shanti.

The changed policy, with revised annuity rates, will be available for sale from February 1, 2022, the state-run insurance provider said in a press release.

"LIC of India has revised annuity rates in respect of its annuity plans LIC’s Jeevan Akshay VII (Plan 857) and LIC’s New Jeevan Shanti(Plan 858) with effect from 1st Feb 2022," it said.

"The modified version of these plans with revised annuity rates shall be available for sale from 1st Feb 2022. The annuity amount under both annuity options of New Jeevan Shanti can be calculated through calculator provided in LIC’s website as well as through various LIC Apps," the release further noted.