LIC pension plans: There are four best pension plans available in Life Insurance Corporation of India (LIC). By taking these policies, along with insurance coverage, you will also get monthly pension after maturity. So, what is the plan like? What benefits are available? Let's try to know the complete details.

LIC pension plans: The largest government sector insurance company, Life Insurance Corporation of India (LIC), is widely trusted by the people of India. It is the most popular insurance company. LIC also brings new policies from time to time to suit the needs of its customers. It includes life, term insurance, savings and pension schemes. Now let us know about the four best pension plans. Those who buy these plans get insurance coverage and pension.

 

LIC New Pension Plus..

The recently launched LIC New Pension Plus scheme by the Life Insurance Corporation of India is a non-participatory, non-linked, pension scheme. A personal savings plan. The main objective of this plan is to create a large amount of wealth and provide insurance coverage through periodic investment. Also, this plan can be purchased through a single premium or through regular premium payments. It has four types of investment funds. You have to choose one of them. You buy them through your premium. In this way, a large amount of money is deposited through periodic investment. Pension comes after maturity.

LIC Jeevan Akshay-VII

This scheme is also a non-participatory, non-linked individual savings, immediate annuity plan. Those who join it will get a pension for life. There will also be death and survival benefits.

 

LIC New Jeevan Shanti Plan..

The New Jeevan Shanti plan introduced by LIC has been well received. It is also a non-participatory, non-linked, individual, savings, deferred annuity plan. It has single life, joint life deferred annuity options. After the deferred period, a pension is available for life. It has the option to pay premium for 5-16 years. After that, a pension is available for life.

 

LIC Saral Pension Plan..

Another pension plan introduced by LIC, the Saral Pension Policy, is also getting good response. This is also a non-participatory, non-linked, single premium plan. There are two types of annuity through this plan. Life annuity plus 100 percent of the purchase price or Joint Life Last Survival Annuity plus 100 percent of the purchase price on the death of the last surviving person. You can buy whichever suits you best.