LIC New Pension Plus Plan: The country’s largest insurance company LIC has launched a new pension policy for its customers. It has been implemented from 5th September.
LIC New Pension Plus Plan: Life Insurance Corporation Limited of India (LIC) has launched a new pension plan for its customers, which will help the youth in their retirement planning. In a press release, LIC said that the insurance company has launched LIC New Pension Plus (Plan No. 867). This pension plan has been implemented for the customers from 5th September.
LIC said that it is a non-participating, unit linked, individual pension plan, which helps the pensioner to build a large corpus by saving in a systematic and disciplined manner. In this, you can also convert it as regular income through an annuity plan at the end of the term.
LIC of India introduced a new plan ‘LIC’s New Pension Plus’ with effect from 05.06.2022 #LIC #NewPensionPlus pic.twitter.com/IeRmQqhQnn
— LIC India Forever (@LICIndiaForever) September 6, 2022
LIC said that you can also buy this pension plan with single premium or regular premium payment frequency. The customer has to pay the premium for the entire term of the policy. In this, the limit of the amount of premium can be different for the customers.
The NAV in the policy will be calculated on a daily basis and will be based on investment performance, fund management charges for each fund type.
You can also take policy online
LIC said in its release that customers can buy this new pension policy LIC New Pension Plus (Plan No. 867) from an offline agent. Along with this, customers also have the option to buy it online from the official website of LIC.
