LIC Smart Pension Plan: Life Insurance Corporation of India (LIC) has launched a new and attractive pension scheme smart pension plan for its customers. It is a single premium -based scheme. In this, customers can avail regular pension throughout their life by paying once. The scheme is available in both individual and joint forms. This provides more flexibility and financial security to pensioners.
What is LIC’s smart pension scheme
LIC’s smart pension scheme is very beneficial for those who want regular income guarantee after retirement. Under this scheme, customers can make their future financially safe by giving a minimum premium of Rs 1,00,000 at a time.
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There are many options for pension
LIC’s Smart Pension Scheme is available in both single life and joint life variants. After the death of the policyholder under the single life plan, the nominee gets the deposit amount. Under the joint life plan, both husband and wife will get the benefit of pension. After the death of either one, the living husband or wife will continue to get pension.
Cash withdrawal facility
LIC’s Smart Pension Plan also provides partial and complete withdrawal facility. This will provide financial assistance to the policyholder if needed.
Benefits of LIC’s smart pension scheme
- Lifetime pension facility with lump sum payment
- Individual and Joint Pension Options under flexible options
- Safety coverage to nominee
- Partial and complete withdrawal facility
- Minimum investment starts at Rs 1,00,000
Why choose LIC’s smart pension scheme?
LIC’s Smart Pension Scheme was launched by Financial Services Secretary M Nagaraju and LIC CEO Siddharth Mohanty. The scheme presented in the presence of government and LIC officials is a great option for senior citizens and retirement plans. If you want a safe and stable return without risk, then LIC’s smart pension scheme can be an ideal option for you.
