Prime review: LIC’s New Jeevan Shanti

With the Budget plugging the tax break on guaranteed income plans from insurers, annuity plans are back in the picture as the go-to option for investors seeking guaranteed payouts after retirement. LIC has recently relaunched its popular deferred annuity plan as New Jeevan Shanti (Plan No. 858). Let’s see how good the plan is and how it stands against competition in today’s Prime review.