LIC New Pension Plan: Pay premium only once, will get pension for life, know complete plan details

LIC new Smart Pension Plan: The country’s largest insurance company, Life Insurance Corporation of India (LIC), has launched a new “Smart Pension Plan” for its customers.

LIC New Pension Plan: The country’s largest insurance company, Life Insurance Corporation of India (LIC), has launched a new “Smart Pension Plan” for its customers. It is a single premium, immediate annuity plan, which offers personal and joint life annuity options. This plan was launched in the presence of Finance Ministry Secretary Shri M. Nagaraju and other dignitaries.

What are the features of Smart Pension Plan

• Immediate pension: Option to start annuity immediately with a single premium.
• Various options: Many annuity options available as per different needs.
• Age limit: Minimum entry age is 18 years and maximum up to 100 years (depending on annuity option).
• Personalized option: Facility to choose between single life and joint life annuity.
• Benefits for old policyholders: Additional annuity rate to existing policyholders and their nominees.
• Liquidity Facility: Partial or full withdrawal options available.
• Digital Purchase: This plan is available online at www.licindia.in.

चिंता से आज़ादी, रिटायरमेंट के बाद भी इनकम की गारंटी! LIC of India की स्मार्ट पेंशन के साथ पाएँ जीवनभर की सुनिश्चित आय और अपने सुनहरे सालों का आनंद लें, बिना किसी आर्थिक चिंता के।https://t.co/YU86iMOu9M#LIC #SmartPension #PensionPlan pic.twitter.com/sljAdyonaL

— LIC India Forever (@LICIndiaForever) February 19, 2025

Benefits of Smart Pension Plan

• Minimum investment ₹1,00,000, additional incentives on higher investments.
• Special annuity facility for NPS subscribers.
• Annuity options available for PwDs.
• Monthly, quarterly, half-yearly and yearly options for annuity payments.
• Policy loan facility (available after 3 months).

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