LIFE INSURANCE CORPORATION OF INDIA

LIC IS OFFICIALLY RECOGNISED MAHAJAN

Please see the following details to understand why I have labeled LIC as Mahajan. Mahajans exploit the needy.

For LIC annuity of Rs. 1948428.00  monthly pension details are given below.

Option 1 pension amount is Rs 15246.00 only for  life time of member, after the death of member no benefit accrues.

Option 2-pension amount is Rs. 15100.00 only for life time of member with guaranteed benefit for five years only.

Option 3-pension amount is Rs. 14743.00 only for life time of member with guaranteed benefit for ten years only.

Option 4-pension amount is Rs. 14256.00 only for life time of member with guarteed benefit for fifteen years only.

Option 5-pension amount is Rs.11382.00 only life time of member with refund of the principal annuity amount upon death of the member.

Option 6 pension amount is Rs 12454.00 only for joint life time of member as well as his/her spouse.

Option 7 pension amount is  Rs. 13655.00 only for life time of member with guaranteed benefit for twenty years only.

Option 8 Rs  pension amount is Rs. 10628.00 only for joint life and survivor pension with return of capital.

LIC clocks Rs 11,000 crore profit through equity investments in FY16

PTI|

7 Apr, 2016, 05.57PM IST

MUMBAI: Life insurance giant LIC has made a profit of Rs 11,000 crore through its equity investments in the recently concluded 2015-16, a senior official said today.

"We saw some profit booking opportunities during the fiscal and have made a profit of Rs 11,000 crore through our equity investments in the recently concluded FY16," its executive director for investment operations, Pravin Kutumbe told reporters on the sidelines of an event here.

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