LIC Group Super Annuation Scheme
What is the objective of this scheme and what is the purpose of this scheme?
LIC Group Super Annuation Scheme is a plan launched according to which, certain fixed percentage of salary of each of the member is contributed by the employer. LIC collects these contributions and thus use the accumulated amount in order to provide different benefits.
What are the benefits of this scheme?
The following are the benefits available under this LIC Group Super Annuation Scheme. When any of the members retires, then pension is provided to those members by means of using the corpus which is called contributions added with the interest.
In the event of death, the pension is payable on the life of the beneficiary. Based on the type of the pension payment scheme chosen by the beneficiary, the Corpus is used for the payment of pension. This benefit thus obtained is free from tax. Apart from the pension provided, a lump sum amount is payable on the event of death provided the employer taken a group insurance scheme along with this LIC Group Super Annuation Scheme.
In case of withdrawing from the scheme, the member is eligible to get an equitable interest which is transferred to new employer of the superannuation scheme. Or else an immediate or deferred position can also be chosen.
What are the pension options that are provided along with this scheme?
The pension options that are provided under this LIC Group Super Annuation Scheme are as follows. Provides a life pension that stop at the event of death and along with a return of capital and group pension terminal bonus on the occurrence of death. This life pension thus provided is guaranteed for about 5 or 10 or 15 or 20 years and there after for the entire life.
I am an ex-employee of M/s
I am an ex-employee of M/s Hindustan Motors Ltd, Kolkata, and getting pension under LIC Group Supper Annuation Scheme, I like to know how can I get the Company Code.
Sir, I used to get my LIC
Sir, I used to get my LIC super annuation scheme annuity of rs. 7289.00 for every six month thro SBI ecs. Anty No: 086H0407003298. since 2006. on 9th april and 9th oct. To day ie 10th april, 2011 when i checked my bank account, nothing is deposited. Can be this checked and give feed back?
I am geting LIC pension
I am geting LIC pension against my Superannuation benefits for Rs 1462 per month. I have relocated to Hyderabad from Chandigarh & My Pension cheques are being sent sent to Chandigarh my earlier address. I want to receive my pension onle tyransfer to my saving account in place of physical scheques.
My New Address :
Hari Singh Chauhan
Kushal Serene - Villa No -6,
Near Kompally Railway overbridge,
GP Pally Village, Hyderabad - Medchal Road, NH-7,
Block - Medchal
RR District - Hyderabad
Andhrapradesh
PIN - 501401
Kindly do the needful as below .
My pension current Details .
Policy Doclket number - 064M0313015635
P&GS unit - Hyderabad
to be transferred top my online account as below :-
Hari Singh Chauhan
SB A/C number - 001301043790
Bank - ICICI Bank Ltd
Brannch - Sec 9 C , Madhya Marg Chandigarh
IFSC Code of the Bank - ICIC0000013
I am working at Tata
I am working at Tata Consulting Engineers for 3 years and company is contributing towards my superannuation policy. Now I am resigning from the company. Can I get this money back ? Please advise.
I have a Super Annuation
I have a Super Annuation Policy with LIC. Policy No: 089M1231008717
Rs.4,71,979/- is with LIC and I get a monthly Pension of Rs.2313/-
against this amount which works out to 5.88% per annum.
We have no children to nominate. I have nominated my wife incase of my Death. What happens to the money if my wife dies before Me ??? There should be some alternative way to refund the Money to people like us, to enable us live a better lifstyle ???
Please Help....
I am trying to evaluate
I am trying to evaluate whether I should invest in Superaanuation funds or not. Can you tell me how much is your capital invested in this amount of Rs. 4,71,000?, I mean whats the sum total of your money put in this scheme.
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