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Showing posts with the label annuity scheme

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How to Pick Mutual Funds That Beat the Market

  Smart Strategies for Investing in Mutual Funds: A Guide to Maximising Your Returns One of the most well-liked investing options for people looking for expert management and diversification without having to choose individual equities is a mutual fund. One of the easiest ways for people to accumulate wealth over time is through mutual fund investments. Mutual funds combine the capital of numerous individuals to invest in a diverse portfolio of stocks, bonds, and other securities, in contrast to direct stock market investing, which necessitates considerable time, study, and risk tolerance. Mutual funds are a well-liked option for both new and experienced investors due to their expert management and diversification. But merely investing in a mutual fund and crossing your fingers seldom yields the best outcomes. A comprehensive approach that matches the appropriate fund selection and management strategies with your financial objectives, risk tolerance, and investment timeline is nece...

LIC Jeevan Shanti Policy | Income is available throughout life, know and benefit

  A person needs a regular income to meet his needs. After retirement, when the monthly salary stops, the need for regular income increases further. In such a situation, LIC Jeevan Shanti Policy (Plan No. 850) can prove to be very beneficial for you. Here, the state insurer Life Insurance Corporation of India (LIC) offers a single premium plan, where the customer taking the policy opts for an intermediate or deferred annuity payment option.   In LIC Jeevan Shanti Policy the annuity rates are guaranteed for both the Immediate and Deferred annuity while taking the policy. Also, the annuity recipient is given an annuity throughout his / her lifetime. People can buy this policy both online and offline. To buy the policy online, the customer has to visit the LIC website.   Benefits of LIC Jeevan Shanti Policy (Plan No. 850)   1. This policy provides a guarantee of lifetime income to the policyholder. This is a policy in which one has to invest only once. ...

LIC launches Jeevan Akshay-7 annuity plan, know what features

Life Insurance Corporation of India (LIC) has brought a new policy. This is Jeevan Akshay-7 (Plan Number 857) of LIC. It is a single premium annuity plan, non-participating, non-linked and individual instant annuity scheme. It will be effective from August 25, 2020. On payment of a lump sum, shareholders have the option to choose any one of the 10 available annuity options. In this plan, annuity rates are guaranteed at the beginning of the policy and the annuity payer is paid throughout the life of the annuity recipient. This plan can be purchased both types online and offline.   The minimum purchase price for this plan is Rs 1 lakh (according to the minimum annuity criteria). Types of annual, half-yearly, quarterly and monthly annuities are available in the policy. The minimum annuity is Rs 12,000 annually. There is no maximum purchase price limit. Also, the incentive is available in the form of an increase in annuity rate for the purchase price of more than five lakhs.   The...