POSTED BY November 21, 2013 6:57 pm COMMENTS (3)ON
Please furnish me with calculation of the purchase price and the annuity as per annual annuity option (annuity for life with return of purchase price on death of the annuitant to the nominee)
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3 replies on this article “Annuity option question”
Dear Kailash, please contact LIC to get new NCO based upon your 4 paid prem. Interestingly mly annuity amount can be calculated from the NCO value once it’s known to you.
Actually LIC office ‘ll provide you all the info you are asking for.
Dear Agarwal, can you elaborate your query?
ref your request to elaborate ,pls note as follows:-
saroj agarwal,my sister in law in the year oct 2003 took a new jeevan suraksha policy under table 147-10, having annual premium of Rs.1,20,699 of which we paid only a annual premium for 4 year out of the 10.
The NCO for 10 years has been shown as Rs.1354950 and the date of vesting as 13-10-2013.
We do not cuumute 25% of the NCO amount and opt for option F – of the annuity payment i.e annuity for life with return of purchase price on death. It will be for monthly payment option
Please give us the final purchase price and the monthly annuity we will receive.