Hyderabad: Life Insurance Corporation of India (LIC) has revised annuity rates in respect of its annuity plans of Jeevan Akshay VII (Plan 857) and New Jeevan Shanti (Plan 858) with effect from February 1, 2022. The modified version of these plans with revised annuity rates will be available for sale from Tuesday, LIC said in a release on Monday. The annuity amount under both annuity options of New Jeevan Shanti can be calculated through a calculator provided in LIC's website as well as through various LIC Apps. In addition to revision of annuity rates, Jeevan Akshay VII can be purchased from the new distribution channel Common Public Service Centres (CPSC – SPV) along with other existing distribution channels. The plans are available both online and offline, the release added.