LIC Smart Pension Scheme 2025 details: Financial plan is very important to be prepared for future financial problems and challenges. Many people invest for the future through various schemes. If you too are thinking of investing for retirement and want to secure your future, then this news can be useful for you. Life Insurance Corporation of India (LIC) launched a new and advanced ‘Smart’ Pension Scheme. This scheme is specially created for those who want to secure their future financially. This scheme is a great opportunity for those who want to empower themselves financially in the final stages of their lives.
Maximum flexibility and facility
This single premium scheme of LIC provides both individual and joint pension options. This pension scheme is considered important in terms of financial stability and long -term security. The biggest advantage of this scheme is that policy holders are given the facility to withdraw money in part or completely. According to LIC, various cash options have been added to the scheme keeping in mind various financial needs. The objective of this scheme is to provide maximum flexibility and convenience to customers.
The minimum limit is only 1 lakh rupees.
This pension scheme is available to any Indian citizen who is looking for a strong financial option to meet the needs of his retirement. If you want to take advantage of this scheme, then it starts with a minimum of Rs 1 lakh. This scheme has also become available for middle class people as its minimum limit has been kept only 1 lakh rupees.
How is this scheme different from other pension schemes?
This is a single premium scheme. Once you deposit money in this scheme, you will continue to get pension throughout your life. In addition, you have both personal and joint pension options available. Similarly, the option of cash facility has also been made available. Therefore, if necessary you can withdraw the amount partially or completely. The most important thing is that this scheme can be started with minimum investment. You can take this policy from only 1 lakh rupees.
How much pension can be obtained from LIC Smart Pension?
- Minimum annuity pension amount – monthly – Rs. 1000
- Minimum annuity pension amount – quarterly – Rs. 3000
- Minimum annual pension amount – half -yearly – Rs 6000
- Minimum Annual Pension amount – Annual – Rs. 12000
- no ceiling
Negative factor in LIC Smart Pension Scheme
- Certain return – No participation in market growth or bonus growth. This pension scheme does not provide a fixed interest rate.
- No flexibility – Once selected, there is no flexibility in changing the annuity option.
- No maturity benefits – There is no maturity benefit. This scheme only provides annuity payment.
- Inflationary – Payments do not adjust to inflation (except for increasing annuity options).
how to apply?
Customers interested in this scheme can get more information by visiting LIC’s official website or nearest branch. Keeping in mind the digital age, LIC has also provided the facility of online application.
