Life Insurance Corporation of India (LIC) is known as the most moneyed insurance company in India where LIC Smart Pension Plan (Plan 879) plan introduced in the year 2025. It is an excellent opportunity to be certain that retirement has money and fixed income. It can be the right plan, in case you want regular income or you want to have a secured future. Now we know about the features, advantages and cost of this plan in details.
The Plan Main Characteristics
LIC Smart pension plan 2025 is non-linked, non-participating Annuity Scheme. The plan is flexible and easy to sell and the policyholder earns regular income based on his requirements. Its expertise is the fact that it is a single premium program whereby you can only invest once. It is a proposal to the primary and secondary annuity owners to a financially life-long investment.
Favorable Annuity Rates
The largest element of this plan is that it has an increasing annuity rates. The amount of the annuity payment rises simply 6 percent per year, provided the primary or the secondary annuitant is living. This keeps your income increasing as time goes by hence reducing the effect of the inflation. This aspect assists in fulfilling your evolving needs in the transformation to retirement.
Simple Oak Activities Are Characterized by Transparency In Pricing
In LIC Smart Pension Plan, the minimum purchase price is Rs 1,00,000. The maximum purchase price has no cap and it is subject to underwriting rules. This is flexibility allows everybody to access this plan irrespective of the level of their income. By investing according to your financial status, you will have frequent income.
Flexibility And Liquidity
This plan is quite liquid too. As per the needs of policyholders, they can select annuity payment as monthly, quarterly, half-yearly and yearly. Besides this, the scheme also opens up the possibility of the joint life pension which provides the husband and the wife with loads of lifetime income. This is another source of financial strength of the family.
Alternative LIC Pension Plans
New Jeevan Shanti and New Pension Plus are other pension plans of LIC. New Jeevan Shanti is an deferred annuity program where one gets a regular income upon an investment as a lump-sum amount. Simultaneously, New Pension Plus is a unit-linked plan and therefore, unit-linked and pension in one. The investors also love these plans in 2025.
What makes LIC Pension Plan? Why to select LIC Pension Plan?
The pension plans put up by LIC are symbol of reliability and trust. Smart Pension Plan 2025, not just keeps your cash money safe but it keeps your retirement planning simple and efficient as well. This scheme is perfect to someone who desires to live his or her future without any complication.
Conclusion
LIC Smart Pension Plan 2025 is a plan, which knows your post-retirement necessities. Its variable payout opportunities, growing annuity rates and clear prices can make it a desirable choice.
Also Read: New Bajaj NS125: Power Meets Precision In A Stylish Package