Smart Pension (879)
PLAN 879: LIC's SMART PENSION PLAN
Secure Your Retirement with LIC Smart Pension Plan:
LIC’s Smart Pension Plan is a non-linked, non-participating individual annuity plan designed to ensure financial security in your golden years. It provides guaranteed lifelong income with flexible annuity options to suit your retirement needs.
Key Highlights of LIC Smart Pension Plan:
Immediate & Deferred Annuity Options – Choose from various annuity options based on your financial goals.
Guaranteed Lifetime Income – Secure regular pension payouts for life.
Joint Life Option Available – Ensure financial protection for your spouse.
Flexible Premium Payment – Choose a lump sum purchase price as per your convenience.
Multiple Annuity Options – Customize your pension plan with a variety of choices.
Return of Purchase Price – Certain options provide a return of invested amount to nominees.
Loan Facility – Option to avail a loan after the completion of policy years.
Lifetime Renewability – Keep enjoying the benefits throughout your life.
Eligibility Criteria:
Minimum Entry Age: 18 years
Maximum Entry Age: 85 years
Minimum Purchase Price: ₹1,00,000
Minimum Annuity Installment: ₹1,000 per month, ₹3,000 per quarter, ₹6,000 per half-year, ₹12,000 per year
Annuity Options:
✅Immediate Annuity Options:
Life Annuity: Pension for life without return of purchase price.
Life Annuity with Return of Purchase Price: Regular pension with a lump sum return to the nominee.
Joint Life Annuity: Pension continues to the spouse after the annuitant’s demise.
Increasing Annuity: Pension increases every year at a fixed rate of 3% or 6%.
Guaranteed Period Annuity: Pension guaranteed for 5, 10, 15, or 20 years, then continues for life.
✅Deferred Annuity Options:
Single Life Deferred Annuity: Guaranteed income after the deferment period.
Joint Life Deferred Annuity: Income continues for the spouse.
Return of Purchase Price Options: Ensures that the nominee gets back the purchase price.
Additional Benefits
Death Benefit:
Lump sum payment to the nominee in select options.
Loan Facility:
Available after the completion of policy years.
Surrender Benefit:
Possible in case of critical illness or financial emergencies.
Tax Benefits:
Avail tax benefits as per prevailing laws under Income Tax Act.
Why Choose LIC Smart Pension Plan?
Lifetime financial security.
Flexible annuity options to meet retirement needs.
Guaranteed regular income with return of investment options.
Trusted by millions with LIC’s reliability and experience.
Contact for More Details
Office Address: Village – Rehra, Post-Sabdalpur Rehra, Chandpur to Bijnor Road, Bijnor, UP 246701
Phone: +91-9759885268, +91-9690595268
Email: subhashdadriwal@gmail.com
Secure your retirement today with LIC Smart Pension Plan. Contact us now to plan your golden years with confidence!