New Delhi: LIC has actually introduced Smart Pension strategy, a Non-Par, Non-Linked, Individual/ Group, Savings, Immediate Annuity strategy that provides a variety of annuity choices for Single Life along with Joint Life sort of annuities.
The Joint Life annuity can be taken in between any type of 2 lineal descendant/ascendant of a family members (i.e. Grandparent, Parent, Children, Grandchildren) or partner or brother or sisters or Parent- in-law.
The annuity prices under all annuity choices are ensured at the creation of the plan. This is a non-par item under which advantages payable on fatality or survival are ensured and repaired (according to the selected Annuity Option) regardless of real experience.
Hence the plan is not qualified to any type of optional advantages like bonus offer etc. or share inSurplus This Plan can be acquired Offline via Agents/Other Intermediaries consisting of Point of Sales Persons-Life Insurance (POSP-LI)/ Common Public Service Centers (CPSC-SPV) along with Online straight via web site www.licindia.in.
.
.
LIC Smart Pension Plan: SECRET ATTRIBUTES:
• Single Premium Immediate Annuity Plan
. •Wide series of annuity choices to fit your requirements
. • Flexibility to pick from Single Life Annuity
andJoint Life
.
.(* )
. •
Annuity Options
of(* )repayments- annual, half-yearly, quarterly and month-to-monthMode
. • Annuity
for greater
.
•(* )for existing Incentives
and Purchase Price
/
.
.
Incentive
of the dead Policyholder
. •Nominee:
Beneficiary
.
o Policyholder
.
o Options Available
.
o
.
•Liquidity Option
readily available for settlement ofAdvanced Annuity Option
( if any type of):
Annuity Accumulation Option
.
o
Options
. o Death Benefit of
. o Lumpsum Death Benefit
installations
.
.
Annuitisation LICDeath Benefit
:
In
.
.
1,00,000
.
.
Smart Pension Plan LIC Minimum Purchase Price
:
Rs
.
.
((*
), the optimumSmart Pension Plan enabled will undergo approve – ance according to the Maximum Purchase Price).
.
.
No Limit However . . Purchase Price 1,000 Board Approved Underwriting Policy .
Minimum 3,000 Annuity .
Rs 6,000 Monthly
– annual Rs
. Quarterly
12,000 Rs
.
. Half:
.
. Rs of Yearly Mode:
Maximum Annuity . . No Limit
Mode.
