LIC Smart Pension

Flexible annuity plan with multiple income options for a secure retirement.

About this plan

LIC’s Smart Pension is a Non-Par, Non-Linked, Individual/ Group, Savings, Immediate Annuity plan that offers a range of annuity options for Single Life as well as Joint Life type of annuities. The Joint Life annuity can be taken between any two lineal descendant/ascendant of a family (i.e. Grandparent, Parent, Children, Grandchildren) or spouse or siblings or Parent-in-law. The annuity rates under all annuity options are guaranteed at the inception of the policy. This is a non-par product under which

Key features

✓Single Premium Immediate Annuity Plan
✓Wide range of annuity options to suit your needs
✓Flexibility to choose from Single Life Annuity and Joint Life Annuity Options
✓Mode of Annuity payments - yearly, half-yearly, quarterly and monthly
✓Incentives for higher Purchase Price
✓Incentive for existing Policyholder and Nominee/ Beneficiary of the deceased Policyholder
✓Options Available: o Liquidity Option o Advanced Annuity Option o Annuity Accumulation Option
✓Options available for payment of

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