Life Insurance Corporation (LIC) of India has launched the Smart Pension Plan and offers a non-participating, non-linked individual and group saving immediate annuity solution aimed at offering financial security during the pension.
With the LIC Smart Pension Plan, policyholders can choose from a wide range of annuity options that are tailored to both life and the joint necessities of life. Municipal annuities can be chosen for family members, including spouses, parents, children, grandchildren, brothers and sisters and even in -laws. This flexibility makes the plan versatile for families who want to secure financial stability for their loved ones.
One of the most important characteristics of the plan is that the annuity rates are guaranteed at the start of the policy, which guarantees a permanent benefit for the policyholder or their families, regardless of the actual experience. This makes the plan an attractive option for those who are looking for a reliable and predictable income flow in their later years.
Pension is not the end of earning – it is the start of financial freedom! With LIC from the smart pension of India, enjoy a lifelong steadily income and stress -free golden years.#Lic #Smartpension #Pensionplan pic.twitter.com/4BXuxbz90g
– Lic India Forever (@licindiaforever) February 19, 2025
As a non-PAR product, the LIC Smart Pension Plan guarantees fixed benefits that can be paid in the event of death or survival according to the chosen annuity option. However, policyholders must bear in mind that this plan as a non-participating product does not offer discretionary benefits, such as bonuses or surplus shares.
The plan offers flexibility in terms of annuity payments, so that policyholders can choose from different payment frequencies, including annual, half -yearly, every three -month or monthly episodes. In addition, incentives are available for higher purchase prices, as well as for existing policyholders and the beneficiaries of deceased policyholders.
Different annuity options are available to meet different needs, including the liquidity option, the advanced annuity option and the annuity option. For the payment of death benefits, policyholders can opt for benefits with a fixed death, annuitization of death benefits or on installment -based death benefits.
The Smart Pension Plan is available for purchase, both offline via agents and intermediaries such as Point of Sales Person-Life Insurance (POSP-Li) and Common Public Service Centers (CPSC-SPV), as well as online via the official LIC website, www. licindia.in.
Potential policyholders are encouraged to consider the LIC Smart Pension Plan compared to comparable available products to make a well -considered decision about their future financial security.
