LIC Smart Pension Scheme: Invest in this new scheme of LIC now, once you deposit money you will get pension for life
LIC Smart Pension Scheme: The LIC Smart Pension Plan is a brand-new pension plan offered by the Life Insurance Corporation of India. You may get a single or joint pension with this single premium plan. This plan also offers the option of an instant pension. This plan provides you with financial stability after your retirement.
This pension plan is available to all citizens. Policyholders have the option of receiving monthly, quarterly, half-yearly, or annual pensions under the Smart Pension Scheme. This plan will also provide an annuity benefit. The nominee receives the benefits of this arrangement after the policyholders. This plan is available for purchase offline via LIC agents, POSP-Life Insurance, and Common Service Center, or online via the LIC website.
The LIC Smart Pension Scheme’s features
This program was started by the Life Insurance Corporation of India to guarantee that individuals would get a steady income after retirement. It is necessary to pay a lump sum premium under the LIC Smart Pension Scheme. After then, you get a pension for the rest of your life. Both single and combined annuity options are available under this plan. You also have the option of making a complete or partial withdrawal in this.
What is your maximum investment amount?
Both single and joint accounts may be created under this LIC pension plan. The pension plan allows a husband and wife to create an account together. The whole premium must be contributed at once in order to get a pension. At least Rs 1 lakh may be invested in it. There isn’t a cap.
Who is able to invest?
The LIC Smart Pension Plan also offers a loan facility. Three months after the introduction of the policy, a loan facility is made available. Investments under this system are open to anybody between the ages of 18 and 100. The nominee will get the pension funds in the event of the policyholder’s death.
