LIC pension plan
Life Insurance Corporation of India (LIC) has launched a single premium ‘Smart’ Pension Scheme. This scheme provides a variety of options for pension jointly with a person. Financial Services Secretary M Nagaraju and LIC Chief Executive Officer (CEO) and Managing Director Siddharth Mohanty introduced the scheme. Senior officials of the Finance Ministry and LIC were present on the occasion. LIC said in a statement that many cash options are available for partial or complete withdrawal as per the terms of the policy. The minimum purchase price under the pension scheme is one lakh rupees. Let us know that everything about this new pension scheme.
Details of LIC Smart Pension Scheme
Minimum procurement price* = Rs. 1,00,000/- maximum purchase price = No limit (however, the maximum purchase price will be subject to acceptance according to the underwriting policy approved by the board) minimum annuity = minimum annuity zodiac signs are: Rs 1,000 per Rs. 1,000 per. Month, Rs 3,000 per quarter, Rs 6,000 per half and 12,000 per year, which depends on the manner of annuity payment. Maximum annuity = no limit to premium payment method = single premium
The main features of the pension scheme:
Single premium, annuity scheme The minimum age of annuity options is 18 years at the time of admission, and the maximum age at the time of admission is the maximum age annuity option at 65 to 100 years at the time of admission. Selection facility according to the conditions of the incentive policy at the increased annuity rate for the nominee/beneficiary of the existing policy holder and deceased policy holder Many liquidity options are available for partial/complete withdrawal. The minimum purchase price is Rs 1,00,000/-, including encouragement for high procurement price. Annual, half-yearly, quarterly or monthly options for annuity payment options are chosen. According to the annuity installment will be calculated. The option of taking immediate annuity by NPS subscriber is a special feature. Under this scheme, the option to take a plan for the benefit of the life of a person with disabilities (disabled) is available. This scheme is available. www.licindia.in On online, the policy can be purchased three months after the completion of the policy loan policy (ie 3 months from the date of issuance of the policy) or permission under the annuity options specified at any time after the expiration of the free look period.
What is an annuity plan?
Annuity plans, retirement plans, with the help of which you can get regular income after investing in the last few years in the plan during your retirement years.
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