Lic’s smart pension plan: Public sector Life Insurance Corporation of India (LIC) Has started a single premium annuity smart pension plan. This plan provides a variety of options for pension jointly along with one person. Financial Services Secretary M Nagaraju and LIC’s CEO and MD Siddharth Mohanty introduced this plan. Senior officials of the Finance Ministry and LIC were present on the occasion.
LIC said in a statement that according to the terms of the policy, there are several cash options available for Parselial or Full Withdraval. The minimum purchase price investing under the pension scheme is one lakh rupees. LIC’s smart pension plan is the best way to secure the future of people. In this plan, you can take advantage of pension for a lifetime by investing once.
Single life and joint life annuity options are available in the plan. Anyone can buy this plan from the age of 18 to 100 years. The big thing is that the current customers and nominees of LIC will get more benefits in it. You can start investing from Rs 1,00,000. Applying more money will benefit more in this plan.
Government -owned insurance company said in a post on social media platform x, “Retirement is not the end of earnings. It is the beginning of financial freedom! With the smart pension of LIC of India, stable income and stress -free golden years of life Enjoy. “
If the policyholder dies, the money will be given according to its chosen option. The family can take a lump sum payment or continue monthly pension. In addition, there is an option to get money in installments.
Many payment options
The smart pension plan provides many types of payment options. Pension can be paid monthly, quarterly, half -yearly or annually. If needed, it has the facility to withdraw partial or full amount. This plan is very beneficial for NPS subscribers. It also has special provisions for the disabled. The plan also provides the facility of taking loan after 3 months, which makes it a perfect retirement plan.
How to get insurance?
You can buy LIC Smart Pension Scheme online or offline. This scheme can be purchased online by visiting www.licindia.in directly. Apart from this, this scheme can also be purchased offline through LIC agents, middlemen, points of sales person and Common Public Service Center.
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