LIC Pension Plans
New Jeevan Suraksha-INew Jeevan Dhara-I
These are Deferred Annuity plans that allow the policyholder to make provision for retirement regular income after the selected policy term.
Jeevan Akshay VI
It is an Immediate Annuity (Pension) plan, which can be purchased by paying a lump sum (single premium) amount. The plan provides for annuity payments of a stated amount throughout the life time of the annuitant. Various options are available for the type and mode of payment of annuities.
Jeevan Nidhi
LIC's JEEVAN NIDHI is a with profits Deferred Annuity (Pension) plan. On survival of the policyholder beyond term of the policy the accumulated amount (i.e. Sum Assured + Guaranteed Additions + Bonuses) is used to generate a pension (annuity) for the policyholder. The plan also provides a risk cover during the deferment period. The USP of the plan being the pension can commence at 40 years. The premiums paid are exempt under Section 80CCC of Income Tax Act.
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