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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Telangana: Teen rape victims pass Class 10 exam, aspire to join police
Hyderabad (PTI): Demonstrating remarkable grit and determination in the face of severe trauma, two minor rape victims in Telangana have recently passed the Class 10 examination with flying colours, results of which were recently announced in the state. The journey of younger girl (aged 15) is extremely shocking as she was raped by her own father in 2023.
This was discovered when her grandmother took her to a hospital when she complained of stomach pain, where doctors found out that she was pregnant.
To make matters worse, her pregnancy could not be aborted as it was in an advanced stage. She delivered a baby in the ninth month, M Mahender Reddy, a police officer, who dealt with both cases, told PTI recently.
The baby was admitted to an orphanage and the girl continued her education, he added.
Despite these tribulations, she passed the class X standard examination with a 5.6 GPA (grade point average).
The father was handed out a conviction with life imprisonment by the court which also awarded a compensation of Rs 15 lakh to the girl, Reddy said.
The other girl (aged 16) was raped by her uncle, Reddy said. She secured an impressive 9.3 GPA in the class X standard exams.
In view of the heinous crime committed by her uncle, the girl's relatives stayed away from the family.
However, they congratulated her after her success in the X standard exam, he said.
Interestingly, both the girls now aspire to become police officers as their fear of police has vanished after they were helped by the Meerpet police station to get justice.
Reddy, who earlier served as SHO of Meerpet police station, said the woman constables and other police personnel handled the case with a humane approach.
Apart from helping the victims, Reddy said the police personnel went beyond the call of duty and tried to instill courage in their minds without confining themselves to the case requirements.
The police personnel also encouraged them to pursue their education, he added.
