LIC’s Smart Pension Plan Launched: Key Things To Know LIC Smart Pension Plan can be purchased Offline through Agents /Other Intermediaries including Point of Sales Persons-Life Insurance (POSP-LI) / Common Public Service Centers (CPSC-SPV) as well as Online.

LIC’s Smart Pension Plan Launched: Key Things To Know

The Life Insurance Corporation of India (LIC) has recently unveiled its Smart Pension Plan, a unique offering aimed at helping individuals secure their financial future post-retirement. Whether you are a seasoned investor or just beginning your financial journey, this plan offers a blend of security and flexibility that is hard to resist.

What is the LIC Smart Pension Plan?

The LIC Smart Pension Plan is a non-linked, single premium plan that is designed to provide a steady income after retirement. This plan allows you to accumulate a corpus during the accumulation phase, which can be converted into a regular income post-retirement. With life insurance coverage included, it ensures that your loved ones are financially protected even in your absence.

Key Features of the Smart Pension Plan

1. **Flexible Payout Options**: You can choose to receive your pension on a monthly, quarterly, half-yearly, or annual basis, depending on what suits your lifestyle best.
2. **Guaranteed Returns**: The policy guarantees a minimum return, giving you peace of mind regarding your future income.
3. **Tax Benefits**: Enjoy tax deductions under Section 80CCC and exemptions under Section 10(10D) of the Income Tax Act, making it a financially savvy choice.
4. **Purchase Channels**: You can buy the LIC Smart Pension Plan offline through agents and intermediaries, including Point of Sales Persons (POSP-LI) and Common Public Service Centers (CPSC-SPV). For the tech-savvy, online purchases are also available, making it convenient for everyone.

Why Choose LIC?

LIC has been a trusted name in the insurance sector for decades, with a reputation for reliability and customer service. Their new Smart Pension Plan is designed to cater to the evolving needs of today’s investors.

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Final Thoughts

The LIC Smart Pension Plan is a golden opportunity to ensure a financially secure retirement. With its flexible features and attractive benefits, it’s worth considering for anyone looking to enhance their retirement planning. Act now, and make your golden years truly golden!
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