LIC Pension Plans are tailored to provide a steady income stream during retirement, ensuring financial independence and peace of mind in your golden years. Advisor-Agent in Bangalore Contact: 9739091119
Here are some of the most popular options:
| Plan Name | Plan No. | Key Features |
|---|---|---|
| LIC Smart Pension | 879 | Immediate annuity, single/joint life options, guaranteed lifetime income |
| LIC Jeevan Akshay-VII | 857 | Single premium, multiple annuity choices, lifetime payouts |
| LIC New Jeevan Shanti | 758 | Deferred annuity, flexible payout options |
| LIC Saral Pension | 862 | Standardized annuity plan, simple terms, lifetime income |
| LIC New Pension Plus | 867 | ULIP-based retirement plan with market-linked returns |
LIC pension plans are retirement-focused insurance products that offer:
- Regular income (annuity) after retirement
- Lump-sum investment or periodic premium options
- Guaranteed returns with minimal market risk
- Options for single or joint life coverage
These plans are ideal for individuals seeking predictable, lifelong income post-retirement.
💡 Why Choose LIC Pension Plans?
- Guaranteed Income for Life: Peace of mind during retirement
- Flexible Payout Options: Monthly, quarterly, half-yearly, or yearly
- Single or Regular Premium: Choose based on your financial situation
- Tax Benefits: Under Section 80CCC and 10(10A)
- Spouse Protection: Joint life annuity options available