Life Insurance Corporation of India (LIC) has introduced the New Smart Pension Plan, a non-participating, non-linked, individual, savings, immediate annuity plan designed to provide financial security post-retirement. This single-premium immediate annuity scheme offers a variety of annuity options, ensuring flexibility for policyholders.
Minimum Entry Age: 18 years Guaranteed Annuity Rates: Locked at the inception of the policy Joint Life Annuity: Available for family members, including spouse, parents, grandparents, and children Death Benefit Options: Lump sum, annuitization, or installment-based payouts Flexible Payout Modes: Monthly, quarterly, half-yearly, or yearly Minimum Purchase Price: ₹1 lakh, No Maximum Limit
With 14 annuity options under Single Life and 7 under Joint Life, LIC’s Smart Pension Plan ensures steady income for a stress-free retirement.
Secure your financial future today with LIC’s Smart Pension Plan!
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