*** LIC's JEEVAN NIDHI(Features) ..........
*LIC's JEEVAN NIDHI is a with profits Deferred Annuity (Pension) plan.
* On survival of the policyholder beyond term of the policy the accumulated amount (i.e. Sum Assured + Guaranteed Additions + Bonuses) is used to generate a pension (annuity) for the policyholder.
* The plan also provides a risk cover during the deferment period.
* The USP of the plan being the pension can commence at 40 years.
* The premiums paid are exempt under Section 80CCC of Income Tax Act.
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