Wide range of options available for getting immediate & deferment period for all ages with regular investment options and one time single payment options. Special Schemes are avail for senior citizens for immediate pension credits in their bank accounts directly through NEFT on every month, quarterly, half yearly or yearly.
Pension Plans: LIC’s Pension are the Best ever than any other life insurance company. LIC’s Pension Policy is giving your a decent returns on your invested money after retirement. We are doing the best retirement Planning for you as per your needs. Various kind of options are available in this kind of life insurance policy for taking regular pension after retirement. You can not dependent on your child in your old age. Sleep without worries and enjoy after retirement planning with your spouse/ wife/ life partner. We suggest you the best pension plans suitable with your lifestyle and fulfill your every needs. Get Regular Income as Lumsum Commutations on Maturity or get Regular Annuity at customer choice options like monthly, quarterly, half- yearly or Yearly. Your spouse/ wife is also eligible for pension in this kind of plan.
An annuity is a financial product that pays out a fixed stream of payments to an individual, primarily used as an income stream for retirees. Annuities are created and sold by financial institutions, which accept and invest funds from individuals and then, upon annuitization, issue a stream of payments at a later point in time. The period of time when an annuity is being funded and before payouts begin is referred to as the accumulation phase. Once payments commence, the contract is in the annuitization phase.