LIC’s New Pension Plus: 12 things to know about the Pension scheme..!

LIC's New Pension Plus: 12 things to know about the Pension scheme..!

Life Insurance Corporation of India (LIC)  has introduced new pension plan, LIC New Pension Plus 867.


1.  Individual pension plan that helps build a corpus by systematic and disciplined savings.

 

2.  LIC new pension plus plan can be purchased offline through agents, other intermediaries as well as online from the LIC website


3.  The plan can be purchased either as a single premium payment policy or regular premium payment.


4.  The plan is 'suitable for young persons to make provisions for post-retirement life'.


5.   This new pension plan came into effect from 2022  September 5.



6.   The plan can be purchased either as a single premium payment policy or regular premium payment. Under the regular payment option, the premium shall be payable over the term of the policy. 


7.   The policyholder shall have the option to choose the amount of premium payable and the policy term subject to minimum and maximum limits of premium, policy term and vesting age.


8.   An option shall also be available to extend the accumulation period or deferment period within the same policy with the same terms and conditions as the original policy, subject to certain conditions.


9. This is a non participating, unit Linked, individual pension plan that helps build a corpus by systematic and disciplined savings which can be converted into regular income by purchase of an annuity plan on completion of term.


10.  To invest the amount, the policyholder will have the choice to select a fund from a total of four; each premium shall be subject to a 'Premium Allocation Charge


11. Four free switches for change of funds in a policy year are available.


12. Guaranteed additions offered by LIC of India shall be payable as 5% to 15.5% on regular premium, and up to 5% on single premium. In both cases, it has to be paid on the completion of a policy year.


 The plan can be purchased offline through agents

 

Mr. R Venkatesh

Insurance Advisor &MFD


For more details and for policy buying  


Mr. R Venkatesh

Insurance Advisor and 

AMFI Registered Mutual Fund Distributors.
GuruRam Financial Services Pvt. Ltd.
New No. 14, Old No. 37C, First Floor
Nathamuni Street, T Nagar, Chennai -600 017

Tel. +91-9677267889, 9677025125
Email: gururamforyou@gmail.com

http://www.gururamfinancialservices.com/

எல் சி யின் புதிய பென்ஷன் பிளஸ் பங்குச் சந்தை சார்ந்த தனிநபர் ஓய்வூதிய திட்டம்

https://www.nithimuthaleedu.co.in/2022/09/lic-new-pension-plan.html

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