Page 33 - The Insurance Times March 2025
P. 33
Pension Plan
Smart Pension
Plan for Smart
People
Dr. P. Sundara Pandian Dr. R. Shobana Devi
Former Principal, VHNSN Assistant Professor of
College (Autonomous), Commerce, VHNSN College
Virudhunagar (Autonomous), Virudhunagar
LIC Smart Pension Plan is a single premium, instant annuity plan that provides lifelong financial
security through guaranteed pension payments. Ideal for retirees and professionals looking for a
stable retirement income, the scheme offers flexible payout options, death benefits, credit facilities
and tax benefits.
Introduction LIC Smart Pension Plan 2025
LIC Smart Pension Plan is a single premium, instant annuity Feature Details
plan that provides lifelong financial security through guar- Plan Type Single-premium, immediate
anteed pension payments. Ideal for retirees and profession- annuity
als looking for a stable retirement income, the scheme of- Minimum Entry Age 18 years
fers flexible payout options, death benefits, credit facilities Maximum Entry Age 100 years (depending on
and tax benefits. annuity option)
Minimum Purchase Price Rs. 1,00,000
Annuity Options Single Life & Joint Life
LIC Smart Pension Scheme 2025
Annuity
LIC Smart Pension Plan 2025 is a well-structured pension Payout Frequency Monthly, Quarterly, Half-
plan designed to provide financial security and steady in- Yearly, Annually
come in the post-retirement years. Loan Facility Available after 3 months
Liquidity Option Partial or full withdrawal
This single premium, immediate annuity plan from Life In- under specific conditions
surance Corporation of India (LIC) ensures that individuals Returns Linked To Fixed annuity rates, not
can enjoy a worry-free retirement. market-dependent
Death Benefit Available under specific
If one is planning for a secure future and wants a guaran- annuity options
teed lifetime pension plan, a deeper understanding of this Where to Buy? LIC Official Website or LIC
plan will help one make an informed decision. agents
30 March 2025 The Insurance Times
