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LIC’s new pension plan launched

GUWAHATI: LIC, the largest life insurance company of the Country with highest market share has launched a Non-Linked SINGLE premium Annuity (immediate & Deferred) plan on September 12 with guaranteed Annuity rate at the inception of the policy for both immediate and deferred option. The policy can be taken for both Single & Joint Life. The joint life can be taken between any lineal descendant and ascendant of a family i.e grand parent, parent, children, grand children or spouse or siblings. Ten types of very attractive annuity option are available under immediate annuity Plan and two types of types of option are available under deferred plan, a press release informed on Thursday.