Jeevan Suraksha (Pension Plan)

Jeevan Suraksha is a deferred annuity/pension plan, which allows policyholder to make provision for regular income after the selected term or after the age of retirement.

Jeevan Suraksha plan has been withdrawn by LIC of India, and this pension plan is not available for any further sale. However old policy holders will continue to enjoy the benefits of the policy.

Risk cover under LIC’s Jeevan Suraksha
On death of the Life Assured during the term of the policy the basic premiums paid, excluding any rider premiums or extra premiums, up to the date of death accumulated with interest at such rates as decided by LIC of India will be payable to the nominee. Currently, the interest rate is 3%, 4% or 5 % if the death occurs within the first 10 years, 20 years or thereafter respectively.

Tax Benefits under Jeevan Suraksha:
Tax relief under Section 80ccc is available on premiums paid under New Jeevan Suraksha I (Table No.147). The premiums paid under New Jeevan Dhara I (Table No.148) qualify for tax relief under Section 88.

At maturity the policyholder can encash upto a maximum 25% of the maturity proceeds as a tax-free lump sum. The balance should be compulsorily converted to an annuity at the rates applicable at the time of maturity of the policy. The policyholder has the choice of opting for any one of 5 annuity options.

The annuity options available under LIC’s Jeevan Suraksha pension plan are

  1. Annuity payable for remainder of life
  2. Annuity payable for life with guaranteed period of 5, 10, 15 or 20 years
  3. Joint life and last survivor annuity to the annuitant and his/ her spouse under which annuity payable to the spouse on death of the purchaser will be 50% of that payable to the annuitant
  4. Life annuity with a return of purchase price on death of the annuitant
  5. Life annuity increasing at a simple rate of 3% per annum

Benefit Illustration of LIC of India’s pension plan Jeevan Suraksha:

LIC of India has withdrawn Jeevan Suraksha plan for fresh sales. If you are already bought this plan, it will continue as it is and you will get the pension as per the plan you have opt for.

Post navigation

afsdfasdfas dfa sdf sa

176 comments for “Jeevan Suraksha (Pension Plan)

  1. ANAND
    May 27, 2020 at 1:05 pm

    dear sir
    My age is 55 and nomonee is my wife
    I have jeevan suraksha policy plan 122-E 20-20
    I have paid premium Rs 10092/- every year for 20 years now its over and the first pension instalment is march 2021
    As per the policy terms amount of monthly annuity is Rs 4,163/- sum assured is Rs 2 lakh capital sum and guarnteed addition @ 75% per annum Rs 5 lakh
    my queries are
    what pension option I should opt
    kindly guide
    thanks and best regards

  2. Girish J Deodhar
    April 17, 2020 at 12:00 pm

    Dear Sir,
    I have Jeevan Suraksha Policy -Plan 122/24 . Vesting date is 17/1/2021. LIC has intimated me to contact branch to decide up on annuity option. I pay annual premium of Rs.10,000 since 1997. I have following queries:-

    (1)As per the terms of the policy, as per the policy document I am entitled for Rs.18615/pm as pension .– Will I get the same amount as said in the document?

    (2) Secondly the Notional cash option amount mentioned is Rs.9,66,200/— what does it indicate?

    Request you to guide on both queries pl.
    Thanks & Regards

  3. Pratap Keshari Naik
    August 22, 2019 at 3:48 am

    Can I know what is Plan A, B, C, D, E, F in old Jeevan Suraksha Policy Table & Deferment Period 122 – 10?

  4. Joseph
    February 5, 2019 at 5:04 am

    Mr. Jeevan Tarun why don’t you give an illustration of the benefits? It is so confusing to read the lic document to understand the benefits. Just because of the policy is no longer issued.. consider people who are still paying…

    • Jeevan Tarun
      February 21, 2019 at 8:30 am

      Thanks for your suggestion. Illustration is not provided as the Plan is not available for fresh sales. For people already having Jeevan Suraksha still enjoy all benefits mentioned as per LIC policy.

      • Dinesh
        March 25, 2019 at 3:57 pm

        Do I have an option to select before my vesting date which is 9 months away in my jeevan suraksha plan where I have already opted option d at the time of policy start which was mandatory and my broker that time told me that you will have 6 different options before your policy is vested into annuity.

        Please reply

        • Jeevan Tarun
          May 17, 2019 at 11:12 am

          its good if you re-confirm the option 6 months before the before your policy is vested into annuity.

      • j mvakil
        April 14, 2020 at 6:53 am

        in table 147 bonus is calculated on NCO value ?

  5. Ramnath d prabhu
    January 21, 2019 at 1:41 pm

    dear sir
    I had purchased jeevan suraksha plan 122e in the year 2002 with premium of 10095 per year.
    the sum assured is 330000 , annuity is 8517 and capital sum and guaranteed addition as 1023000.
    the last date of payment is 10/01/2029.
    my question is
    in case of my death any time before the last payment what will be the benefit my wife gets?
    secondly can I reduce the premium paying duration?
    Kindly answer sir

  6. sundararajan s
    December 28, 2018 at 3:41 pm

    Sir, I am receiving annuity from this policy after maturity during 2012 i opted for option F. now an amount of Rs.1,36,875/- is with lic under this policy. now i am in need of funds . can i claim the amount by foreclosing now. please guide me.

    • Dinesh
      March 25, 2019 at 3:49 pm

      I would like to talk with you regarding your policy is it possible for you to contact me ?

      • Jeevan Tarun
        May 17, 2019 at 11:14 am

        sorry sir, but i don’t reply in person. in case you have any issues, please post here.
        My main job is to procure new business. however maintaining this site for help of already existing customers.

        • santhosh
          January 21, 2020 at 12:39 pm

          my father made a jeevan suraksha policy ..and that matured in 2006.. 30 days back he is expired .. and also we dont have bond with us .. please help me to clain this policy…

          • Jeevan Tarun
            February 19, 2020 at 10:26 am

            Sorry to know about your father. Please visit nearest branch with Policy Number for assistance on Claim settlement. You can submit a affidavit for the missing policy. languange can be obtained from LIC Branch.

    • Vishnu Narayan Phadnis
      December 30, 2019 at 2:39 pm

      Sir, I have similar situation..I have Jeevan surakha**877 and Rs.1211/= annuity commenced from 26=04=2007. I am having sugar and B.P. for last 13 years and I have no spouse and children. Of late I am also suffering from breathlessness and arthritis. I require surrender value. Kindly guide me.

    December 19, 2018 at 6:01 pm

    sir i am shivaprakashan.s from bangalore rajajinagar my lic office contact no: branch manager and also DM CLAIM BANGALORE .


    • Jeevan Tarun
      February 21, 2019 at 8:35 am

      Request you to report the matter at call center – 022 6827 6827 and email – customerzone_bangalore[at]licindia[dot]com

  8. Asim Kumar Basu
    December 4, 2018 at 9:21 am

    What mode of payment ‘F’ means

  9. krishnamurti
    May 9, 2018 at 10:40 am

    I have a Jeevan Suraksha policy and I am receiving a pension of Rs.2661/= p.m. Since LIC is not deducting any TDS can I safely assume that it is exempt from tax? The policy document does not mention about tax liability.Please advise.

    • Jeevan Tarun
      August 10, 2018 at 2:35 pm

      Sir, Retirement is treated as income hence taxable. You need to pay taxes as per total annual income.

  10. kundanworldplaceKUNDAN KUMAR
    January 19, 2018 at 11:23 am

    I had taken a New Jeevan Suraksha – I (TABLE -147 -14) for 14 years. Date of Commencement was 22.02.2004 and date of Maturity is 27.02.2018 Yearly premium amount was `.10,016.00 only. Last Premium paid on 27.02.2017.
    Although policy document does not show Notional Cash Option but from Proposal Document related to this policy downloaded from LIC website shows `.1,45,000.00 as NCO.
    I request you sir to take trouble to give me your valuable advice on following
    I ) what will be surrender value if I surrender policy before 28.02.2018. One person related to LIC told me that I will get ` 2,07,275.00 ( 1,45,000 + 63,365 – 1,090).(where ` 63.365 is Bonus amount and ` 1,090 is some charges levied). But I am not satisfied with this.
    II ) if not surrendered what will be the monthly annuity amount till life with refund of purchase price. What is the Purchase Price.
    Thanks in Advance sir.
    MOB- 99340899**

    • Saravanan
      September 4, 2018 at 11:54 am

      Sir, I am also in similar situation. My policy matures Mar’2019 . If you have chosen option 1, please let me know what charges were levied? Thanks,

  11. Anupam
    November 3, 2017 at 3:13 pm

    Very informative indeed….
    I have LIC s Jeevan Sureksha policy which is lapsed as I missed to deposite the premium amount in Feb this year. What should I do to get it activated or should it be ok to surrender it and then reinvest same. Thanks for your advise

    • Jeevan Tarun
      November 13, 2017 at 9:42 pm

      Your policy can be easily activated, you just need to pay lapse premium with late fee and any further medical requirements (if any). suggest you to visit nearest branch along with copy of Aadhar card (or any other ID Proof).

      By Surender – you will lost all benefits acquire under the policy, so surrender is a big loss.

      best of luck and please make sure you dont miss premiums in future there are lots of tools available like online payment / ECS etc.

  12. Kanchankumar Dattatary Khatavkar
    September 4, 2017 at 12:01 pm

    write a letter to lic alongwith photocopy of lic bond and terms and condition copy

  13. Kali Prasad Bandopadhyay
    August 1, 2017 at 6:12 am

    Sir, I had a Jeevan Suraksha Policy No. 413106534 under Pension Plan option for direct credit of pension amount through NEFT. The policy on maturity has been deposited / discharged to the LIC Sarsuna Branch, 620, D.H.Road, Kolkata-700034, and I am getting an amount of Rs. 17447/- p.a. as pension in my Bank Account through NEFT LICI KMDO 1AC VII (006200). Now the policy bond is with your custody and I have not been returned the bond till date, saying that the bond has been discontinued and a fresh print of the same will not be available. But, after my death my spouse can not produce the policy bond for getting the amount of the policy. Please arrange a duplicate policy for me at the earliest. Regards,

    2/26, Bosepara Mohit Park, Barisha,

  14. Maqbool Akhtar
    June 7, 2017 at 10:07 am

    I purchased Jeevan Suraksha Policy Table No. 122 in Feb. 2001 and paying continuously premium Rs. 9951 yearly. !7 premium was to be paid and last premium paid in Feb. 2017. I want to know what amount will be paid monthly as pension and what will be the starting date of pension. I did not received any declaration form for pension option so far. Please advise me how to get maximum pension through which option?

  15. May 3, 2017 at 5:06 pm

    Dear Sir, I have got the annuity through my ex- employer SA group scheme. They have given only a copy of the details of the policy and not the original policy document. also i do not even know which branch in delhi is servicing my policy. I was getting annuity payments qtrly till last qtr….suddenly it got stoped…I don’t even know that Existance certificate to be submitted till I read your messages…!!! Thanks for your replies to the customers ( even for other branch customers..!!!) Appreciate it !!
    Now please let me know how to give/ where to give the existence certificate… this case of not knowing the branch…& also how to get the policy document ? Thanks ! awaiting for your reply

  16. Parthipan K
    February 26, 2017 at 12:11 pm

    I obtained Jeevan Suraksha in the year 1998 and I have been paying a premium of Rs.10000/= every year for 19 years. Now this is maturing in June and in my policy, it is mentioned for a pension of Rs.5740/= Will I be given option? If option is given, is there any possibility of getting more pension?

    • Naveen Kumar
      December 29, 2017 at 9:47 am

      Dear Mr Parthipan K,

      I purchased same policy as you in same year Dec 1998 and have paid Rs 9991/- every year. My final premium was paid 2 days back on 27 Dec 2017. Could you please share as to what is next step for me and how much monthly pension will i get ? Thanks. Naveen Kumar.

  17. Pradeep Tandon
    January 27, 2017 at 2:13 pm

    I have jeevan suraksha plan 122 E 17-17 purchased in year 2000.On the policy itself Amount of monthly annuity mentioned is Rs 3146. The policy is maturing this year.
    Will I get the same annuity or the amount will be different ?

      February 8, 2017 at 9:49 am

      AMt may be different it will depend on option would you choose.lic will send you a letter of option in advance with full details .

  18. PAL
    January 3, 2017 at 7:14 am

    Can anyone explain about various options in LIC jeevan susraksha 122

  19. Akansha
    November 10, 2016 at 2:20 am

    What if the policy holder of jeevan suraksha died even before retirement.
    What nominee will get in the case of death?
    What is pension plan F?

  20. Ranjit Kumar Sanyal
    November 5, 2016 at 2:48 pm

    What is purchase price,.Notional cash option,and Life assured.Difference between Notional Cash Option and Purchase price.

  21. Bhaskar Chakrabarty
    October 5, 2016 at 5:04 am

    I had been getting pension so far through ECS from LIC, P & GS, Jeevan Prakash, 25-K.G. Marg, New Delhi since 2008. But due to some unknown reason, LIC stopped sending pension for the month of Sept., and Oct., 2016. I have tried frantically on phone to know what is the fault, but phone nos. which I have collected from internet are not either working or not responding in spite of ringing a lot. Though I send Life Certificate every year in November. I am in the dark and anxious of my future as I and my family are fully dependent on this paltry amount of pension. I do not know where to contact and how I get my pension as before. In this context, I further like to say that I have also another pension scheme (Jeevan Suraksha), which will be maturing in 2020. I shudder to think if I face same consequence or not. Can you please give me some advice on this how I can get out of this problem ? Thank you.

    • umesh pancholi
      December 24, 2016 at 3:00 pm

      I am also facing the same problem. my pension plan is Jan/April/July/Oct. its quarterly payment. i was getting pension from 2010 till Jan 2016 but now it is stopped without any info.perhaps i need to submit living certificate.. my policy was serviced from city branch no 4 ,29 NS road , Kolkata..i was getting pension thru NEFT and the ref was something like LIC1 KMDO1 AC VII Jeevansuraksha. i am not sure where should i send my living certificate and in what format.could any one guide me pls

        August 16, 2017 at 8:58 am


  22. K V ANTONY
    September 23, 2016 at 2:24 pm

    I got one Jeevan suraksha policy, Sum assured 180,000/- H Yly Premium 5331/-
    Dt of policy 27/6/2000, Dt of maturity 28/6/17.Capital Sum quoted in the policy is Rs 409500/- and the annuity given in the policy is Rs 4040/- I want to know the amount of annuity under the 4 options, given that I am exercising option for withdrawal of 25% of the capital sum

  23. August 29, 2016 at 1:15 pm

    Hi, My Father have this policy, but he was died in 2011, Now will i get pension? OR maturity?

  24. Surendranath
    July 26, 2016 at 7:51 am

    My Jeevan Suraksh (122) got matured, My Branch office has sent the forms for option and NEFT. When I went to submit the same, the officer told, the calculations are wrong, this policy does not carry bonus as it is endowment type and said a Notional cash option and pension will be reduced. They have sent me another set of forms with considerable reduction of benefits.
    Please let me know if the policy has not earned any bonus for the past 17 years. If it had earned how much is it. When I see web for information I see in many places there is mention of interim bonus declaration for Jeevan Suraksh -1 scheme. Kindly clarify. Thanks.

  25. sravan
    July 12, 2016 at 10:50 am

    Jeevan suraksha plan started in 2000 and ended in 2014.
    recieved pension in 2015 and 2016.
    premium = 10000per year.

    i would like to surrender the policy it a good idea ? and how will i get now if i surrender ?
    age : 56

  26. Mahadevan R
    June 14, 2016 at 5:09 pm

    Please also explain the options schems and which is beneficial?

  27. Mahadevan R
    June 14, 2016 at 4:53 pm

    Dear I have a Jeevan Suraksha paying premium yearly around 7728 since Dec 2001 and it is matured . I am getting a cash option of 2 lacs and now pension under options A B C D E F and If a person dies what will be the pension payable to spouse

  28. Bimal Mukherjee
    June 14, 2016 at 4:55 am

    am paid Rs 9999/- per year towards Jeevan Suraksha 1 147 from 07.02.2004. Policy term : 13.
    Please mention how much i will get pension after policy term as pension.

  29. Bimal Mukherjee
    June 14, 2016 at 4:39 am

    I am paid Rs 9999/- per year towards Jeevan Suraksha 1 147 from 07.02.2004. Policy term : 13.
    Please mention how much i will get pension after policy term as pension.

  30. sravan
    May 19, 2016 at 2:39 am

    Hi …

    Info : i have jeevan suraksha(pension plan ) started from year 2000 and ended in 2014 and i started receiving pension from 2015 ( yearly once )
    i have below questions..

    1. I dont want yearly , can i withdraw completely at once ?
    2. Is risk coverage applicable even after the payment term is ended , incase of applicants death after the payment term is over will he receive the sum assured
    3. what is the capital sum and guaranteed additions

    table 122a – jeevan suraksha pension plan , premium , 10079 , sum assured : 140000 , capital sum and guaranteed additions : 2,87,000

  31. Manish
    April 26, 2016 at 5:14 am

    Hi! I need to surrender my Jeevan Suraksha policy – is the surrender value taxable, pls let me know. The Policy was started in 2003 and I am myself taxable.


  32. virendra kumar parakh
    April 23, 2016 at 5:28 am

    I AM 66YR OLD SENIOR CITIZEN retired .i had jeevan suraksha policy with pension plan .i was getting annually pension through bank of rs 13022 every year .
    mt lic policy details are
    policy nu -1*19140**
    pension amount 13022 annually
    but this year i hve not recd pension yet in april 2016
    pl help how to proceed further

  33. Suranjan
    April 22, 2016 at 1:01 pm

    My wife will start getting annual annuity from October’16 under lic jeevan suraksha (147). Paid single premium. Will lic deduct TDS on the yearly payments?

  34. omika
    April 2, 2016 at 5:19 pm

    i have a jeevan suraksh which ended this year in March.
    i have asked to opt the scheme of pension by LIC.
    I lost my original policy document. what to do get a duplicate?

    • Jeevan Tarun
      April 13, 2016 at 9:46 am

      To get a duplicate bond you need to submit an Indemnity on Rs100 bond paper, along with prescribed fees and KYC documents to the issuing branch only

  35. ashok kumar bhatt
    February 25, 2016 at 4:33 am

    my dob is 01-06-1966. I wants LIC pension scheme. what pension scheme U guide for me. I can pay up Rs.60,000 per annuam.

  36. J Rajasekhar
    February 18, 2016 at 5:42 am

    I am paying Rs 10,001/- year towards Jeevan Suraksha T No 122 from 12.11.2001. Policy term : 25.
    Please mention how much i will get pension after policy term as pension.

    February 4, 2016 at 7:43 am

    I have Jeevan Suraksha policy. my premium is 10018/ per year. starting year is 1999.
    total term is 18 years. 31/01/2016. I have paid my last premimum. from when on wards I will get the pension. if any option to be opted please guide me to choose a better option. thank you.

  38. Kamal jaitly
    January 18, 2016 at 11:22 am

    If the Premium is Rs 9882 & sum assured is Rs 140000 for 6 years . How much pension we get for lifetime.

    January 15, 2016 at 12:37 pm


  40. Upendra Kumar dangi
    January 11, 2016 at 5:27 pm

    I purchased one policy under table 122 paid premium of rs 99990.70 for 15 years.Now policy is going to expire on 7th Feb.I requested for foreclosure.I was paid rs 138501.00 only How it can be.

    • Jeevan Tarun
      January 11, 2016 at 6:24 pm

      You need “surrender form” and “neft” form to be submitted at issuing branch. forms can be collected from any branch/advisor, but needs to be submitted to issuing branch only

  41. Sunil
    January 10, 2016 at 4:08 am

    After maturity, could you suggest which is the possible best option to adapt based on your experience?

    • Jeevan Tarun
      January 11, 2016 at 6:26 pm

      the most popular one is “F” – “Annuity for life with return of purchase price on death”. However definition of “best” changes person to person.

  42. Ravindra Bhushan Joshi
    January 9, 2016 at 3:18 am

    I an getting my Jeevan Suraksha Annuity through bank A/C. However I have misplaced the papers and am unable to file Life Certificate.Please let me know how to go about it

    • Jeevan Tarun
      January 11, 2016 at 6:29 pm

      Hi Ravindra,

      You can contact your issuing branch, in case you need email id it should be bo_(branch code) (please replace branch code with actual code as per your policy documents).

      if issuing branch code is 12H email id would be

      Tarun K Bansal.

  43. Kalicharan Gupta
    December 21, 2015 at 4:02 pm

    jeevan suraksha plan, pension not received for the month December, I have submitted life certificate to bharatpur lic office, my policy no 191219127.

    December 14, 2015 at 10:28 am

    i have two jeevan suraksha policies 1) 901899290 matured on 7-6-2016. sum assured rs 70000.

    2) 901885628 matured on 18-3-2016 sum assured rs 100000.

    pl inform me what will i get on maturity??

    December 3, 2015 at 10:06 am

    I am having NEW JEEWAN DHARA -1/NEW JEEVAN SURAKSHA PLAN-1 with profit TABLE 147-7,My querry is it necessary to submit CERTIFICATE OF EXISTANCE OR Life certificate every year.

  46. November 23, 2015 at 11:38 am

    I am a beneficiary of Jeevan Suraksha pension Scheme. I am at present having the Policy number under which pension is being credited to my Bank Account. I am to give live certificate as being asked for by the LIC. Please intimate the Policy Number so that a live certificate is produced to your office. My address is as Under’:-
    Rati Ram, House Number, 1955, Sector 7D, Faridabad, Haryana – 121006.

  47. GS Rama Prasad
    October 1, 2015 at 10:37 am

    Jeevan Suraksha sum assured of Rs.1,50,000/ maturing on 01.4.2016. What are the options available for me? Please give the information.

  48. A K Verma
    September 3, 2015 at 7:01 am

    This is regarding single premium Rs 10,000/- Jeevan Suraksha Polict (Table 122-14-01) taken by me during Feb, 2000. The policy is matured in Feb, 2014, and my age is 57 yrs. Kindly advise me what are options are available for annuity and which will be the best for me. Regards.

  49. ashok handa
    August 16, 2015 at 1:37 pm

    i had a jeevan dhara 1 policy matured on 24.3.15. i paid 10000 for 13 yrs. what amount will i get and what are the options.this policy says

  50. S B PAL
    August 13, 2015 at 3:46 pm


    My policy is maturing in feb 2016.
    Please let me know which is the best option out of a to f. what does it mean when it says Annuity guaranteed for 5/10/15 years and for life there after.

    S B PAL

  51. t d pandey
    August 8, 2015 at 6:37 am

    can lic tell me the exact amount of on maturity of jeewan surksha table 147 on maturity from Feb 05 to Feb 15, premium @ 10000/- pm deposited. what option is best but calculation is must Rs. one lac deposited till now for 10 yrs. what will be total sum and what will be monthly pension and from which periodk. thanks

  52. Arun Kumar
    August 7, 2015 at 7:16 am

    I have a Jeevan suraksha (Endowment Funding )Policy N0. 112785138.
    Last premium was paid in June 2014, and I should get pension from July 1, 2015. However, I have received no document yet in this regard

      March 21, 2017 at 9:58 am

      I have a Jeevan suraksha (Endowment Funding )Policy N0. 113538**7/ Term Plan-147-14
      Last premium was paid in January, 2016 and I should get pension from January 27, 2017. However, I have received no document yet in this regard

  53. Arvind Khare
    August 6, 2015 at 6:25 am

    I had taken a Jeevan Surakha policy in Jan 2000. The pension is supposed to start in Jan 2016. Now I want to surrender and take the entire amount. Kindly let me know the procedure for the sane and when I should submit the surrender memo.

  54. bhavya
    August 5, 2015 at 2:14 pm

    dear tarun,
    my father had jivan suraksha policy, now after his death my mother got all the sum receivable.. now i want to know that how much of will be taxable. will it be exempt u/s 10.. reply me urgent.. i want to return ma mothers income tax file…

    • Jeevan Tarun
      August 8, 2015 at 6:18 am

      Dear Bhavya,

      Sorry to know about your father.
      Any amount received from Life insurance to the nominee, after the death of policyholder is tax free. Please consult your tax consultant for further details.

  55. Y P K Murthy
    June 18, 2015 at 5:46 am

    I have to opt for one of the pension options A to F under LIC Jeevan Suraksha. Which is the best option.

  56. Nitin Brahma
    May 15, 2015 at 5:10 am

    I have Jeevan Suraksha that started from 28th April 2000. The plan is for 21 years and the amount paid is Rs. 10540 every year. How much pension I will start getting from 2022?

  57. D Sharma
    April 22, 2015 at 6:11 am

    I had purchased Jeevan Suraksha policy on 12/02/1999 with a term of 27 years. I want to reduce the term to 21 years, How do I proceed for that.

    Your advice shall be higly solicited
    D Sharma

    • Ramnath D Prabhu
      January 22, 2019 at 1:56 pm

      sir could u reduce the premium paying term? is yes what is the procedure?

  58. sudhir shrimali
    April 10, 2015 at 10:08 am

    I have an LIC pension plan number 183266390 T & T 147-22 for Rs. 10000 per annum. Please let me know about maturity amount and per year pension.

  59. pankaj jain
    March 12, 2015 at 2:08 pm

    I am having jeevan suraksha policy, I want to discontinue the policy. I bought the policy in 2000 and I am paying premiuim continuously.

    how can withdraw the policy and what is the prosedure.
    can you help me.


    • Savingwala
      March 20, 2015 at 6:01 am

      We never recommend to surrender any insurance policy, as this financial tool protects your family and give benefits in long term.
      But still if you have made your mind to surrender this policy, you need to submit the original bond, Surrender Form (With NEFT Details) to issuing branch.

      Plz re-consider all the facts and policy benefits before surrendering your policy.

      Best Wishes

  60. Arturo
    March 3, 2015 at 10:18 pm

    Admiring the time and effort you put into your site and detailed information you present.
    It’s good to come across a blog every once in a while that isn’t the
    same outdated rehashed information. Fantastic read!
    I’ve saved your site and I’m including your RSS feeds to my Google account.

  61. ravindra kumar sharma
    February 28, 2015 at 5:04 pm

    I have surrendered my Jeevan Suraksha policy on its maturity. I have paid a total of Rs 150000 as premium and received Rs 315336. Is maturity amount taxable. If yes then to what extent. Maturity date 10/3/2015 date of start of policy 10/3/2000

  62. B B Goyal
    February 24, 2015 at 5:52 am

    R/Sir ,

    I am getting annuity on Jeewan Suraksa Plan.
    pl advise
    If I can surender ,
    How much amount one gets-way of calculation ,
    If I dont surrender ,then if my wife can get pension after my death and if she opts for surrender will her request be accepted

    Regards ,

    Brij Goyal

    February 12, 2015 at 4:41 am

    My Jeevan Suraksha Policy matured on March-2015.(15 Years . Sum Assured 150000/-
    Please inform me how much i will receive as maturity or as annuity per month/ per year.
    Kindly reply specified about annuity that it will be received in monthly or yearly.

    Thanking you.

  64. riya
    February 10, 2015 at 11:06 am

    My jeevan suraksha plan 1 (with profit)policy was begun on 24mar2004 and my dob is 26aug2054
    The document states that date of vesting of annuity is 26mar2016 and annuity first installment will be paid on 26mar2017
    My queries
    1 What is the meaning of date of vesting of annuity
    2 What is the date of maturity
    3 Do I have to inform LIC or will they get in touch with me for the annuity and lumpsum payment
    4 Is there anyway that I could get the total amount due to me returned after maturity as the annuity is too tiny, it is not taxfree and just involves more paperwork and trouble.
    5 How often do i have to submit my evidence of existence? Is there a form for that?

  65. Rakesh Gupta
    February 9, 2015 at 12:18 pm

    I have a policy under Table no 122.
    The policy started on 11/03/2003.
    I am paying Rs 10,085/ annually and the policy term is 24 years.

    What are the ways I can get the money after the policy matures?

    How can I find which plan I had chosen?

  66. suradas ghosh
    February 5, 2015 at 6:51 am

    I have taken one new jeevandhara plan-1/ new jeevan suraksha plan-1( table 147), date of commencement being 25/3/2004.I have paid premium regularly , last premium was paid in march’2013 as per the policy. As per policy term, date of vest of annuity was 25/3/2014 and dateof 1st annuity instalment is on 25/3/2015. Is it allowed to get the entire money in one go as I am required to spend a considerable sum every month for purchase of medicine for myself.

    se of eicine

  67. S N Merchant
    January 15, 2015 at 2:52 pm

    I have been paying Rs10,000/- annually in 147-New Jeevan Suraksha-I from 2003. I will be paying total 16 premiums. What are the benefits which I can get on completion of these premium payments?


    December 27, 2014 at 8:36 pm

    i have taken police plan 122-18,paying Rs.9956/ per year since 1999 the policy will be maturing on 10.3.2017.what will be maturity amount @ how much pension i will get.
    Ra jkumar Bhatia

  69. Mukund
    December 16, 2014 at 6:42 am

    I have policy for 122 table number i.e. Jeevan Suraksha and i pay 10260 on yearly basis.

    Can you please let me know, how much i will get pension and since when. This is for 20 year plan.

  70. December 13, 2014 at 12:04 pm

    My Jivan Surksha Policy No:12281249***6. I am getting pension money through SBI Bank in NEFT
    system. Online life certificate formate may be send to my E-mail address OR Website may be given to my E-mail address.
    Thanx & regards.

  71. GMurugan
    December 12, 2014 at 2:56 pm

    Dear Sir, I have taken New Jeevan Suraksha Plan-1 (with profit) Table 147 Deferment Period 06 years and on maturity now I am getting a monthly pension of Rs.306-00 as opted by me. I want to know whether this monthly pension amount credited to my bank account is taxable under Income tax Act

    December 6, 2014 at 11:47 am

    My policy is maturing on 23 Aug 2015,I am in Defense service and taken policy at Chennai Address,now I am settling at Chandigarh, how to go for change of Addresss,PL Advise,

    • Savingwala
      December 9, 2014 at 6:54 am

      You can simply email your request to your servicing branch. please also attach the scan copy latest address proof.
      to find the email address of your branch pl check the Branch code in your policy document, for e.g. it is “1B” then your branch mail id would be

      • Vinodh
        October 2, 2015 at 9:58 am


        There is a new website called which says we can buy LIC policies online and its also giving details of the yearly premium and other essential and required details for the various policies available.

        Please let us know if this is legitimate. Can I go ahead and open a policy online.

        Kind Regards

        Vinodh Ramji

        • Jeevan Tarun
          October 19, 2015 at 5:20 pm

          You can not find any LIC logo on that website, so it is either maintained by some Advisor. After seeing there About us page, it seems they are lead generating company,

          About us
 is a platform which provides a clear guidance to the users who wish to buy Life Insurance Policies. We do not sell any insurance products. We are a platform where the users shall gain knowledge on the various insurance products and shall find their nearby Insurance Agents / Advisors to buy the insurance products. We provide information on Life Insurance Products, along with its Premium and Estimated maturity returns.

          Please be carefully with your money

  73. Francis Raja
    November 23, 2014 at 11:56 am

    Pls advise me to join the new educational policy of my childreans

  74. hv bhatt
    November 21, 2014 at 9:34 am

    Sir i have a lic pension policy jeevan suraksha which will be matured on feb 2015, which option i choose so that maximum benefit is to be covered.
    I want to withdraw 25% of total sum assured and rest which option is better so that my spouse can be benefited for the same.

  75. M S Verma
    November 21, 2014 at 8:04 am

    I was having Jeevan Suraksha Policy since 2002. I paid 13 premiums @Rs10001 p.a. till 2014 (total 13 premiums). I want to know how much cash and pension I am going to get now.

  76. RACHNA
    November 11, 2014 at 11:16 am

    jeevan suraksha old plan was in my husband’s name. i am not able to get policy duly stamped and signed back. it was submitted to LIC as my husband died few months back. is there shortage of old policy stationary?? i had opted for yearly pension

  77. Sanjay Tharad
    November 9, 2014 at 11:31 am

    I have taken a jeevan suraksha policy (pension plan) on 27.03.2004 for 16 years (Table 147/16/16) with an yearly premium of Rs.10001/-. I have paid Eleven instalments till date.

    I wish to know the following –

    1. I want to receive the entire amount on my policy (including all benefits) after the vesting date instead of monthly pension. What should I do for this.

    2. How much amount I will get if I want to receive the entire amount as per point 1 above.

    Sanjay Tharad

    October 9, 2014 at 11:31 am

    I have taken Jeevan Suraksha in Jan 2004 for annual premium of Rs 10000/ and will continue upto Jan 2016.Kindly specify the pensionable amount.

  79. Srinivas
    September 24, 2014 at 6:36 am

    I took Jeevan Suraksha (Table 122-E) in the year 2002 for 28 years (SA 2.80 lac). What could be the probable maturity value in the year 2027?. The other question is how to change the address in the Policy as I moved to Maharashtra from Madhya Pradesh where I took the policy as the concerned agent is not doing anything and I don’t have even his contact details.

  80. Bhadresh Sheth
    August 26, 2014 at 1:58 pm

    I have taken policy (no. 2xxx Jeevan Suraksha) in the year 2004 for a period of 27 years & annual premium of Rs 10000/- is being paid regularly.
    Pl let me know the followings.
    What is paid up value + bonus of the policy as on today.
    What will be the Surrender value value if discontinued.
    What amount of pension will I receive, if continued till maturity.
    What else will i get, if any?

  81. P K JHA
    August 23, 2014 at 2:01 pm

    D/sir. Jeevan rakshak plan no.827 ke vishay me ja kari den.plzzzzzzz.

    August 16, 2014 at 11:51 am

    I have a jeevan suraksha pension plan 122 . Now the plan will mature in Apr 2015 what does Pension option A TO F stand for? and which is the most benificial option. where can i get all details

  83. M A Kamili
    August 13, 2014 at 10:36 am

    I have jeevan surakhsha policy which has matured a few months ago. I am supposed to exercise option A to F & also for commutation if i desire so. I want to know:
    1. Is reduced pension on account of commutation restored after any fixed time or it will continue to remain same till life
    2.If option F is exercised what does ” Return of Purchase price on Death” mean. how do you calculate it?
    3. Can you suggest what is the best option for me and why.

    • R. Lakshmikanthan
      June 24, 2017 at 11:54 pm

      Dear Sir: I have the same situation. From LIC someone is forcing to opt F. is it correct. savingwala video says plan A (25% + 75% etc…..) LIC is not responding with registered letter to home, only sends email with some tables. If you know the right beneficial thing please email me about it at kan**an56_19** for which I would be grateful. Thanks

  84. Pradeep Dudeja
    August 4, 2014 at 1:38 pm

    I have taken Jeevan Suraksha (T.No.122) on 20.9.1999. Premium payment term is 19 yrs. Premium per year is 9869/- My age is 15.9.1961. From when I will start getting pension and how much. Please clarify.


    Pradeep Dudeja

    • Savingwala
      August 7, 2014 at 7:40 am

      Dear Pradeep,
      You will make last payment on 20.9.2017, Amount of pension and the date of start of pension depends on the mode (yearly/half-yearly/monthly) and the “Option” you opt for pension.

      Tarun Bansal

  85. Dr. Mohamad Sultan
    August 4, 2014 at 12:01 pm

    May I know, why I have not received Jeevan Suraksha pension since December 2013 (nine months).

    • Savingwala
      August 7, 2014 at 7:44 am

      Sir, You have posted the question at wrong palace. Please contact LIC’s official website or send me the policy no. in mail –
      You are kindly requested not to mention the policy number on forums as this may lead to access of your information to unauthorized persons.

  86. Suman Roy
    July 19, 2014 at 7:19 am

    I have bought a LIC policy on 14.06.2001 for jeevan suraksha T.No 122 and pay premium yearly rs. 12365.00.
    When my pension will start and what will be various options to me to select? kindly guide me.


  87. Ganesh Mishra
    July 12, 2014 at 4:30 am

    I have New Jeewan Suraksha I ( Te rm 147 for 13 yrs) and paid @10000/=year since 2003. It will mature in 2016. What are the maturity value & benefit from this policy.

    Ganesh Mishra

    • Tatyana
      August 2, 2014 at 4:06 pm

      you can expect more than 6.75lacs, 7.55lacs and more than 9lacs reesictpvely. And mind me this is the minimum or approximate figure that I have quoted which will change as per your age and other factors.BTW to invest 5 lacs you will need to have 50 lac as previous insurance i.e the total S.A@D.Ramrao @shyamsundar you can expect more than 10,300 in 5 years; around 15000+ and 17500+ reesictpvely in 7 and 10 years. But again this is not the exact figure.

  88. Smita Deshpande
    June 29, 2014 at 2:59 am

    i had taken Jeevan Suraksha 122 in year 2000 which is maturing on 28.02.2015. i have been asked to submit the options 6 months in advance.
    what are the options available @ maturity ?
    which one would be most beneficial to me?
    please advice.


  89. Birinder Singh
    June 12, 2014 at 6:18 am

    I purchased jeevan suraksha table 122- 14 with annual premium of Rs 10663 in 2001. Is any Bonus payable to individuals directly or through agents before maturity. I received a call from one Mr Anand Rai LIC office in delhi ( BONUS DEPT) saying a bonus of Rs 142700 due to me but being cancelled as non claimed. To claim the same, i need to show some new policy purchased directly from HDFC or Reliance. I believe it is a hoax. Can someone advise.

    • Savingwala
      June 16, 2014 at 5:59 pm

      this is fake, there is no “bonus dept” in LIC. why should lic will give you bonus for buying insurance policy from competitors?

  90. Prakash
    May 29, 2014 at 3:31 am

    Hi Kumar,

    I have a LIC policy under New Jeevan Suraksha I (Table No.147), can this be NPS scheme which is now available in our company (newly introduced).


    • Savingwala
      May 29, 2014 at 11:02 am

      Dear Prakash
      None of LIC plans can be converted into a new scheme. Either you can go for a fresh investment in new plans keeping the existing LIC policy or you can surrender the LIC policy, get the refund from LIC and then invest in a fresh scheme.
      NOTE: It is never advisable to surrender a life insurance plan, as the policy holder losses many benefits attached. Surrender of policy is advisable only in case of urgent need of cash (alternative is loan) or where the existing policy does not fits into your portfolio. Please consider twice before taking any step.

      Best wishes
      Team Savingwala

  91. April 10, 2014 at 10:05 am

    I purchased jeevan suraksha plan for 15 yrs with annual premium of rs.10050 in jan 2000.Now i have paid my last premium in jan 2014.My ques. is a)can i extend it for another 5 years.if yes how?b)i have changed my address and bank account.What is to be done so that the monthly pension is credited to my new account if not extended further.A prompt reply will be highly appreciated.

    • kumar
      April 10, 2014 at 1:50 pm

      your pension will start from jan2015.
      a) extension for 5yrs. currently I can not reply on this. i need to check this with policy wording
      b) Change of Address – please write a simple “change of address request” and submit the same to your servicing branch along with a valid address proof.
      Change of Bank details – Please submit the fresh NEFT form stating your bank details. to be submitted at issuing branch, form can be obtained from lic website

    April 2, 2014 at 5:23 am

    I have a jeevan suraksha policy (122). Annual premium is 10,000, term is 20 years, annuity vests in 2019.What is the present rate of terminal bonus under this policy?
    1.will the terminal bonus be included in recalculation of pension on vesting date?
    2.what will be the commuted pension, full pension in my case?
    3.what is return of purchase price( what does it mean, what is purchase price )?
    4.what are benefits on death of annuitant to spouse?
    5.will the spouse get full pension on death of annuitant

  93. vivek
    March 27, 2014 at 3:39 pm

    I am paying Rs.10,000/- per year as premium since 2004 and the term & table147 – 23. how much i will get pension per month in Jeevan Surksha pension scheme & up to how many years.

  94. D K Pawagi
    March 20, 2014 at 10:03 am

    I am pension bebeficiary getting annual pension from LIC .
    It was credited to my SBI a/c but now account has been shifted to another location where to contact to convey thenew accountinformation.

    • kumar
      March 22, 2014 at 5:42 am

      Dear Sir,
      You can contact to the issuing branch, or any nearest branch (if you already holds any other policy in that branch).
      if your issuing branch code is 12H (Rohini, Delhi) you can contact me too.

  95. s.geethasree
    March 10, 2014 at 4:32 am

    i have an lic policy under jeevansureksha dtd 28.3.2000 for 15yrs no 7820069*4 yrly rs 10050/ will be due on 28.03.14 i wish to surrender it next month what amt will i get

  96. venkata krishna sudhakar vutukuri
    January 24, 2014 at 11:58 am

    I have taken a jeevan suraksha policy (pension plan) on 13.03.2002 (Policy No.891302**3) for 12 years (Table 147 – 12) with an yearly premia of Rs.10000/-. I have paid all the instalments and the date of vesting of annuity is 13.03.2014. I wish to know the following –

    1. I want to receive the entire amount on my policy (including all benefits) after the vesting date instead of monthly pension. What should I do for this.

    2. How much amount I will get if I want to receive the entire amount as per point 1 above.

    Kindly respond at the earliest.

    sudhakar vvk

  97. rakesh
    December 9, 2013 at 6:17 am

    If a person surrenders the jeeva Suraksha paln policy, just before one month of maturity then what amount he can get and what is tha tax liability-rakesh kumar somani

  98. Ganla hv
    December 4, 2013 at 6:42 am

    I have a jeevan suraksha pension plan and have opted for F option. Now the plan has matured what does F option stand for?

    • kumar
      December 4, 2013 at 8:25 am

      The option F means – pensioner will get pension for life, and return of purchase price on death

      • PJ
        January 26, 2015 at 1:36 pm

        Can you help me understand what “return of purchase price on death” exactly means? does purchase price mean the total premium paid or it means the entire notional cash option amount?

        • Savingwala
          January 31, 2015 at 9:58 am

          “Purchase Price” means the amount for which annuity (pension) is purchased. in simple words the amount kept by LIC on which you are getting pension

      • Thomas Dohling
        July 18, 2016 at 7:36 am

        Re: Jeevan Suraksha Policy, I need clarification on the following (if possible):

        (1) What does Option D entail (mean)?
        (2) What is Commutation Option?
        (3) What is Notional Cash Option?
        (4) What percentage of vested (mature) amount can I receive in lumpsum?

  99. rajendra kumar chaturvedi
    December 3, 2013 at 9:05 am

    My jeevan suraksha policy number is 330343618. I received half yearly annuity payment till 01.07. 2011. May I know why it is being stopped and what should I do to receive it.

    • kumar
      December 4, 2013 at 8:31 am

      Please check with the home branch, it might be possible you have not provided the Existence Certificate also please update the bank details so that money can be transferred to account directly.
      Download forms from –

  100. Ramesh
    October 24, 2013 at 2:02 pm

    I have to be paid this year premium in Dombivli LIC area. Please give me address of LIC office at Dombivli

    • kumar
      October 24, 2013 at 2:09 pm

      As per LIC of India website following are the 2 address in

      1) LIC of India, (Dombivli Br 91G), Dombivli Midc Complex, Industrial Estate, Dombivli East, Pin Code: 421201
      2) LIC of India, Dombivili East CAB 9276, Ganesh Krupa Kelkar Road, Ramnagar Dombivli (East). Pin Code: 421201

      However there might be change in address, please contact following for detailed information
      Phone Nos 25423226/25421474/25421475
      Email :

  101. Vinay
    August 13, 2013 at 10:11 am

    I am paying Rs.10,000/- per year as premium, and will be up to 22 year, how much i will get pension per month in Jeevan Surksha pension scheme & up to how many year…I have bought this policy in year 2003 .

    • Rajkumar
      March 20, 2014 at 10:23 am

      I have taken policy (no. 25329506x- Jeevan Suraksha) in the year 2004 for a period of 22 years & annual premium of Rs 10000/- is being paid regularly.
      Pl let me know the followings.
      What is paid up value + bonus of the policy as on today.
      What will be the Surrender value value if discontinued.
      What amount of pension will I receive, if continued till maturity.
      What else will i get, if any?


      • kumar
        April 3, 2014 at 11:33 am

        Please login your policy on LIC of India’s official website, and raise your questions in suggestions/feedback section. alternatively you can send an email to your servicing branch. (Please avoid mentioning LIC policy number on website)

        • c b rao
          May 19, 2015 at 10:48 am

          I have given feedback to LIC to enable customers to know the value of their policies on-line but nothing has happened. I have been paying premia of 10700 p.a. since 13 yrs and have another 5 years to pay. I would like to know how much I will get as lumpsum in 2023 & as pension p.m.

  102. Prakash Kochar
    July 31, 2013 at 12:03 pm

    My all the policies are matured. I intends to invest at a time in LIC any of the beneficial plan for my heirs. I am aged about 62 years. Willl it be beneficial kindly advice.

  103. arun
    July 12, 2013 at 1:38 pm

    i want 25000.00 per month at the time of retirement, what amount i should invest per month. at time i am 37 year old


  104. S.V.SANKAR
    June 19, 2013 at 5:53 pm

    Is the Life certicate form different for different Pension plans?

  105. Amod
    June 13, 2013 at 10:58 am

    Hi Tarun
    I am paying a premium of Rs. 10340 PA since 15.02.1999
    in Jeevan SUraksha Policy T.No. 122. for 21 years duration
    What benefits will I get on this ?

  106. May 7, 2013 at 5:46 am

    If i pay Rs.1,00,000/- per year up to 15 year, how much i will gate pension per month in jeevan surksha pension scheme & up to how many year

    • kumar
      May 7, 2013 at 10:30 am

      Asha Ji

      you have 2 options –
      1) Get Rs 7 lacs on maturity and then R.s 1,61,000 p.a as pension for life. (Rs 21 lacs payable to nominee after death)
      2) Get Rs 2,15,000 p.a as pension for life. (Rs 28 lacs payable to nominee after death)

      * returns calculated as per current bonus rates

      Tarun Bansal
      LIC agent, Delhi

      • prasant kr das
        December 29, 2014 at 9:16 am

        hello mr tarun,
        i deposited Rs. 10,000 p.a. for 12 years in Jeevan Suraksha which has compled june 2014, now i am going to retired january,2015, kindly enlight me about monthly pension and how much i can get return cash . and from which month pension will start ? kindly help
        prasanta kr das

          December 8, 2015 at 2:26 am

          i m paying rs 10115 since 15.03.2001 for 16 years towards jeewan suraksha policy with benefits what benefits will be paid by lic to me

      • Mukhtar
        April 28, 2015 at 9:30 am

        If I want every month pension how much minimum amount I have to pay and what is the age limit minimum

      • R C sharma
        August 27, 2015 at 9:50 am

        I am interested in getting LIC policy pls contect

      • Pradeep Roy
        August 28, 2015 at 4:33 pm

        If i pay10000/-per annum up to 20 years then how much i get

      February 10, 2014 at 7:20 am

      If i pay Rs.1,00,000/- per year up to 15 year, how much i will gate pension per month in jeevan surksha pension scheme & up to how many year

    • manoj shrivastava
      August 5, 2016 at 4:22 pm

      insurance is not good option for pension n100000 is big amount designe your pension with expert

  107. shikha
    December 29, 2012 at 5:28 pm

    what if i need a life insurance cover and term rider option with pension plan. say i want to invest 20k per year how much cover i can get

  108. satish chandra mishra
    December 25, 2012 at 10:53 am

    Is there any TOP UP facility.I have this policy and deposit 10000 every year. I want to deposit 50000 one time top guide

    • kumar
      December 25, 2012 at 3:08 pm

      Hi Satish
      Jeevan Suraksha does not have option for top-up as this is one of the traditional pension plan from LIC of India. However you can buy a new Jeevan Suraksha plan with single premium option. that will work as a top-up for you.

      Wishing you and your family merry Christmas and Happy New Year
      Tarun Bansal
      LIC agent, Delhi

      • Ramachandran
        June 28, 2015 at 6:30 am

        whether monthly pension being paid by lic under jeevan surahsha scheme is taxable

        • Jeevan Tarun
          July 26, 2015 at 12:47 pm

          Yes. Pension is income as per income tax act, therefore taxable.

          • Navin Khakhar
            June 20, 2016 at 3:32 pm

            Jeevan Suraksha Plan no.122 Pention Income is taxable or nontaxable? Please Reply

          • Ramachandran
            February 6, 2017 at 11:22 am

            But it is only a annuity payment for the deposit made by us with lic

          • Ramachandran
            February 6, 2017 at 11:24 am

            Actually we need not name it as pension. It is only an annuity payment

          • Ramachandran
            February 6, 2017 at 11:26 am

            It is only an annuity payment

        • Deshmukh
          December 26, 2015 at 5:13 am

          What is pension I can expect If my jeevan Suraksha started in 2004 with Rs. 10000 yearly premium.

          • Jeevan Tarun
            January 11, 2016 at 6:32 pm


            To answer this we need more inputs from your side.
            You can contact your issuing branch, in case you need email id it should be BO_(branch code) (please replace branch code with actual code as per your policy documents).

            if issuing branch code is 12H email id would be

            Tarun K Bansal.
            Rohini, Delhi

      • Jagat Jeet Singh Sareen
        August 14, 2015 at 1:05 pm

        Dear Sir,
        I have New jeevan suraksha-1 policy and paying 5 lacs per annul under pension scheme. My age is 58 years and paying from 8/2011. my last installment will be on 8/2017( means will pay around 30 lacs)
        My query is how much pension will get monthly.

        • sanat
          February 28, 2016 at 2:35 pm

          what will be my pension or total amount for my premium paid on 21-03-2003 expires on 21-03-2018 for my policy

          • Jeevan Tarun
            March 14, 2016 at 11:32 pm

            Hi Sanat,
            It is difficult to reply your question. As the amount pension depands of following factors:

            • Amount you have contributed in plan (Single/Regular)
            • Age at the time of taking policy
            • LIC offers 6-7 different options for pension. What option you opt.
      • sanjeev
        May 19, 2016 at 4:47 am

        I had opted pension plan new jeevan suraksha 1 (lic) during 1996 .Now on maturity I have to opt one option.what is the meaning of Annuity for life os annuitant and the difference between other options

        • Ashok Anand
          October 5, 2016 at 5:07 am

          Sir, I am in the similar situation and requested LIC to advise me the approx amount which I will get under each option. Despite my repeated efforts LIC have not advised me the amount under each option and said that this information can not be provided. How one can select an option if amount available under each option is not advised to the policy holder..

Leave a Reply