LIC OF INDIA launches LIC’s Saral Pension (Annuity Plan)
Press Release- Life Insurance Corporation of India has introduced LIC’s Saral Pension with effect from 1st July, 2021 which is a Non-Linked, Non-Participating, Single Premium, Individual Immediate Annuity Plan.
The new plan has been launched today at our Zonal Office, Hyderabad by Sri M Jagannath, Zonal Manager, South Central Zone, Hyderabad in the Senior Divisional Managers Conference held through Video Conference. Sri Uday Kumar Navani, Regional Manager (Marketing) Karnataka and Sri S Sainath, Regional Manager (Marketing) AP-Telangana are among the participants in the Conference along with other Senior Marketing Officials from Andhra Pradesh, Telangana and Karnataka states.
This is a Standard Immediate Annuity plan as per the guidelines of Insurance Regulatory and Development Authority of India (IRDAI), which offers same terms and conditions across all the life insurers.
The Policyholder has an option to choose type of annuity from two available options on payment of a lump sum amount.
Option 1: Life Annuity with Return of 100% of Purchase Price.
Option 2: Joint Life Last survivor annuity with Return of 100% of Purchase Price on death of the last Survivor.
The Annuity rates are guaranteed at the inception of the policy and annuities are payable throughout the life time of Annuitant(s).
This plan can be purchased offline as well as online directly through website www.licindia.in.
The minimum Annuity is Rs.12,000 per annum. The Minimum Purchase Price shall depend on the Annuity mode, Option chosen and Age of the Annuitant. There is no ceiling on Maximum Purchase Price. The modes of Annuity available are yearly, half-yearly, quarterly, and monthly. An Incentive for Purchase price above Rs 5,00,000/- is available by way of increase in the annuity rate . The plan is available for ages from 40 yrs to 80 yrs.
Loan shall be available at any time after six months from the date of commencement of the Policy, M Ravi Kumar, Regional Manager said.
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Marxism will remain relevant despite Left electoral's losses, says general secretary M A Baby
New Delhi (PTI): CPI(M) General Secretary M A Baby on Thursday asserted that the Left movement would remain relevant despite not being in power in any state, saying the ideology would continue to endure as long as social and economic inequalities persist.
Hitting back at BJP leader Rajeev Chandrasekhar over his reported remarks that Marxism had become irrelevant, Baby, in an interview with PTI Videos, said, "So long as there is division in society, so long as there is exploitation of the majority of workers, peasants and ordinary masses by a handful of billionaires, Marxism will remain relevant."
"That perhaps Mr Rajeev Chandrasekhar may not be able to understand, but this is the fact of the matter," he said.
Baby acknowledged that the CPI(M)-led Left was currently without an elected government in any state, but maintained that electoral setbacks would not diminish the movement's role.
"We may not have an elected government in any state. There were occasions when we didn't have a government. But the red flag and the commitment to organise and struggle for the rights of the dispossessed, marginalised and exploited will always be upheld by CPI(M) and the Left movement," he said.
He said the Left continued to enjoy support among workers, peasants, agricultural labourers, youth, students and women, and argued that the movement remained necessary because "oppression and assault" continued in society.
"So long as such problems exist in society, the red flag and the working class movement will continue to work among the masses," the Left leader said.
Exuding confidence on the Left's revival, Baby said the party would reflect on the reasons behind its electoral loss.
"We may be rejected in one election, but we will stage our comeback by understanding what went wrong with us," he said, adding, "We will listen to people and we will come back with higher strength."
Baby also criticised the Congress over reported factional tensions in Kerala after the Congress-led United Democratic Front's victory in the state.
"The way they are behaving is being watched by the people of Kerala," he said, referring to infighting within the Congress.
"Those who have given a massive majority to Congress and UDF would be watching all this," he added, while urging party leaders to "settle the problem in an amicable, democratic manner".
Referring to West Bengal, Baby alleged that violence had escalated following the BJP's victory in the state assembly polls.
"It is quite unfortunate that the moment BJP snatched a massive victory in West Bengal, violence has also started on a big scale," he said.
He also accused the Trinamool Congress of being "notorious for violent activities" and alleged that the "RSS-controlled BJP" had "unleashed violence in many places" after the election results.
"This is not good for Bengal, not good for the country. We wish and hope that normalcy would be restored as soon as possible," he said.
Baby said the CPI(M) and the Left in West Bengal would continue efforts to "pacify people" and avoid violence and confrontation.
Asked about former Kerala chief minister Pinarayi Vijayan not reacting publicly to the election results, Baby said Vijayan would respond "at an appropriate time".
