pension plan from LIC (Life Insurance Corporation of India) offering immediate annuity. You make a one-time premium payment, and then start receiving a monthly pension right after.
The plan is available in two options:
Option (A): Life Annuity (with 100% return of purchase price)
In this option, the individual receives a monthly pension for life, and after their death, the nominee will receive 100% of the invested amount.
Example:
If you invest ₹2,55,600 as a single premium, you will receive ₹1,000 monthly as a pension.
If you invest ₹51,12,000 as a single premium, you will receive ₹20,000 monthly as a pension.
Option (B): Joint Life Annuity with 100% return of purchase price after the death of both annuitants
In this option, both the husband and wife receive a pension for their lifetime. After their death, the nominee will get 100% of the invested amount back.
Example:
If you invest ₹2,56,100 as a single premium, you will receive ₹1,000 monthly as a pension.
If you invest ₹51,22,000 as a single premium, you will receive ₹20,000 monthly as a pension.
Key Features of the Plan:
1. It is a single premium plan, meaning you only pay once.
2. Available in two variants:
Variant 1: Life Annuity with 100% return of purchase price.
Variant 2: Joint Life Annuity with 100% return of purchase price after both lives.
3. You will receive a lifelong pension, and after your death, the invested amount will be returned to the nominee.
4. For more information, you can contact LIC.
This plan is beneficial for those who want a guaranteed pension for life along with the security of getting the invested amount back for their family after their death.
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PAYMENT
• Pay New/Renewal Premium by Credit Card (No extra charges)
• Pay New/Renewal Premium by Paytm
https://paytm.com/insurance-premium-payment/lic-of-india
• Pay New/Renewal Premium by Google Pay
Download/Open Google Pay
• Pay New/Renewal Premium by PhonePe
Download/Open
Download/Open PhonePe
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