Lic Extends Surrender Option On 6 Annuity Plans

The Life Insurance Corporation (LIC) has extended the option for surrender of six annuity schemes in response to demands by policyholders, especially senior citizens.

The option to surrender the annuities is available in case of Jeevan Akshay, Jeevan Dhara, New Jeevan Akshay, New Jeevan Dhara, Immediate Annuity with Return of Purchase Price and Deferred Annuity with Return of Cash Option schemes.