LIC PENSION/RETIREMENT PLAN

LIC PENSION/RETIREMENT PLAN

  • Exclusive Plan for Saving and Retirement Planning.
  • Guaranteed Lifetime Income at 8.00%
  • Whole Life Risk Cover with Limited Premium Payment Option.
  • Discount in Premium for Sum Assured of Rs.5 Lacs and above.
  • Lifetime Cover to the extent Basic Sum Assured + Bonus + Final Bonus (if any).
  • Loan Available after 2 full years of premium payment.
  • On Maturity, Sum Assured + Bonus + Final Bonus (if any) will be paid.
  • Policy Back dating available within the same financial year.
  • LIC’s Accidental Death and Disability Benefit Rider OR Accidental Death Benefit rider, Term Assurance Rider and Critical Illness rider is available as an optional rider by payment of nominal additional premium.
  • Free lookup period for 15 Days.
  • Premium Paid are eligible for tax savings u/s 80 C, Maturity Amount is Tax Free u/s 10 (10) (D).
  • Option to take Death Benefit in installments.
  • Minimum Age "0" and Maximum Age "55"
  • Minimum Term "45" and Maximum "100"
  • Sum Assured Minimum "2,00,000/-" Maximum "No Limit"
  • Payment Mode :- Yearly, Half Yearly, Qly, Monthly (ECS) & SSS

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