Top 3 LIC Pension Plans for Retirement Benefits | Insurance Policy Options | PolicyX

by | Mar 12, 2024 | Retirement Pension | 1 comment

Top 3 LIC Pension Plans for Retirement Benefits | Insurance Policy Options | PolicyX




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*About This Video:*
This video explains the details of 3 LIC Best Pension Plans in Hindi. Will know about Stable Income and Retirement Plans.
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*LIC Best Pension Plans*
1. Pradhan Mantri Vaya Vandana Yojna
2. New Jeevan Nidhi
3. LIC’s Jeevan Shanti

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*Key Benefits Of Pradhan Mantri Vaya Vandana Yojna*
* Death Benefit
* Maturity Benefits

*Key Benefits Of New Jeevan Nidhi*
* Death Cover
* On Survival, an Annuity is offered

*Key Benefits of LIC’s Jeevan Shanti*
* Lifetime Income
* Multiple Annuity Options
* Options to Select
* Guaranteed Additions

*Benefits of LIC Pension Plans*
* Death Benefits
* Tax Exemptions
* Good Retirement Portfolio
* Can Increase Retirement age
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#lic #pensionplan #retirementplanning #insurance #bestlicplan #top3licplans #licpolicy #taxexemption #lifetimeincome #licjeevanshanti #licjeevannidhi

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LEARN MORE ABOUT: Retirement Pension Plans

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When it comes to planning for retirement, one of the most important financial decisions you can make is choosing the right pension plan. Life Insurance Corporation of India (LIC) offers a range of pension plans that cater to individuals with varying needs and preferences. In this article, we will discuss the three best LIC pension plans available through PolicyX.

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1. LIC Jeevan Akshay VI Plan:
LIC Jeevan Akshay VI Plan is a single premium immediate annuity plan that provides a regular income throughout the policyholder’s lifetime. Under this plan, the policyholder can choose from different annuity options such as annuity for life, annuity guaranteed for a certain period, and annuity with return of purchase price. This plan is suitable for individuals who are looking for a guaranteed income stream after retirement. Additionally, the plan offers tax benefits under Section 80CCC of the Income Tax Act.

2. LIC New Jeevan Nidhi Plan:
LIC New Jeevan Nidhi Plan is a traditional pension plan that offers a combination of protection and savings. The plan provides a lump sum amount at the end of the policy term along with a regular income after retirement. The policyholder also has the option to choose the retirement age and the mode of receiving the pension. Moreover, the plan offers bonuses that enhance the overall returns. This plan is ideal for individuals who want to secure their future financially.

3. LIC Jeevan Shanti Plan:
LIC Jeevan Shanti Plan is a single premium deferred annuity plan that offers a guaranteed lifetime income. The plan allows the policyholder to choose from various annuity options such as immediate annuity, deferred annuity, and customized options. The plan also provides flexibility to choose the annuity mode and frequency of payouts. Additionally, the plan offers a loan facility and surrender value after the completion of one policy year. This plan is suitable for individuals who want to build a corpus for retirement and receive a regular income post-retirement.

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In conclusion, LIC offers a variety of pension plans that cater to different retirement needs. The three pension plans mentioned above, namely LIC Jeevan Akshay VI Plan, LIC New Jeevan Nidhi Plan, and LIC Jeevan Shanti Plan, are among the best options available through PolicyX. Before choosing a pension plan, it is advisable to carefully consider your financial goals, risk tolerance, and retirement needs. It is also recommended to consult with a financial advisor to make an informed decision. By investing in a pension plan, you can ensure a stable and secure future post-retirement.

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