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.
Eligibility Criteria | |||
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Min. | Max. | ||
Purchase Price | Rs.1,50,000/- | No Limit | |
Pension | Rs.1,000 Monthly Rs.3,000 Quarterly Rs.6,000 Half-Yearly Rs.12,000 Yearly |
No Limit | |
Age | 30 Years (Last Birthday) | Immediate Pension 85 Years except Option F 100 Year for Option F Deferred Pension 79 Years |
|
Deferment Period Applicable only for Deferred Pension |
1 Year | 20 Years | |
Vesting Age Applicable only for Deferred Pension |
31 Years | 80 Years |