LIC brought ‘Smart’ pension scheme, will have to pay premium only once, read full details – India tv hindi

Life Insurance Corporation of India (LIC) Has started a ‘Smart’ Pension Scheme with single premium. 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 purchase price* = Rs.1,00,000/-
• Maximum purchase price = no limit (however, will be subject to acceptance according to the underwriting policy approved by the maximum purchase price board)
• Minimum annuity = minimum annuity zodiac signs are as follows: 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
• Method of Premium Payment = Single Premium

The main features of the pension scheme:

• Single premium, annuity scheme
• Wide range of annuity options to suit customer requirements
• The minimum age at the time of admission is 18 years and the maximum age at the time of admission is different from 65 to 100 years on the basis of annuity option
• Single annuity plan and joint annuity plan facility to choose from options
• Increased annuity rate for the nominee/beneficiary of the current policyholder and deceased policy holder
• Many liquidity options are available for partial/complete withdrawal as per the conditions of the policy.
• The minimum purchase price is Rs 1,00,000/-, including encouragement for high procurement price
• Annual, half -yearly, quarterly or monthly annuity payment options
• The annuity installment will be calculated according to the elected method of annuity payment.
• The option of taking immediate annuity by NPS subscriber is a special feature
• Under this scheme, there is an option to take a plan for the benefit of life of a person with disabilities (disabled).
• This scheme www.licindia.in Can be purchased online
• Three months after the completion of the policy loan policy (ie 3 months from the date of issuing policy) or permission will be allowed 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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