Quote Originally Posted by Aman View Post
1- What is the meaning of date of vesting of annuity
The age at which you choose to start receiving pension. In your case it will be 26 Mar 2017. Read More

2- What is the date of maturity
Date of maturity 26 Mar 2016.

3- Do I have to inform LIC or will they get in touch with me for the annuity and lump sum payment
They will send you a letter informing about the maturity of your policy. But annuity you can buy from any insurance company which is giving you better rates. So shop around.

4- Is there anyway that I could get the total amount due to me returned after maturity as the annuity is too tiny, it is not tax free and just involves more paperwork and trouble.
No.

5- How often do I have to submit my evidence of existence? Is there a form for that?
Yearly.