Who it suits
People building a retirement fund who can accept market-linked returns.
LIC plans / Pension Plans
Pension Plans
New Plan no. 867
LIC’s New Pension Plus
Unit linked · Pension
Unit-linked pension plan for ages 25–75 with guaranteed additions added to your fund.
25 – 75 yearsEntry age
Regular or singlePremium paying term
See the official brochure for the exact benefit formula.Sum assured
Plan highlights
What this plan gives you
The main features in plain words. The official brochure is the final word on every figure.
- Guaranteed additions
- Unit linked
How it works
Premiums are invested in funds you choose; guaranteed additions are added to the fund. The fund is used to buy a pension later.
Death benefit
Fund value or other benefit as per brochure.
Maturity benefit
Fund value used for pension, as per brochure.
Options and riders
Fund options
Step by step
How the plan runs
1
Start the planEntry age: 25 – 75 years. Sum assured: See the official brochure for the exact benefit formula..2
Pay premiumsRegular or single3
Receive the benefitFund value used for pension, as per brochure.At a glance
Eligibility and plan limits
A quick reference before you discuss a proposal. Underwriting and channel conditions apply.
| Plan detail | As per summary |
|---|---|
| Plan number | 867 |
| Category | Pension Plans |
| Plan type | Unit linked · Pension |
| Entry age | 25 – 75 years |
| Premium paying term | Regular or single |
| Sum assured | See the official brochure for the exact benefit formula. |
- Investment risk is borne by the policyholder
Quick answers
Questions families ask
Who is this plan for?
People building a retirement fund who can accept market-linked returns.
What is the entry age?
25 – 75 years
What are the policy term and premium paying term?
Premium paying term: Regular or single.
What sum assured can I choose?
See the official brochure for the exact benefit formula.
What happens if the life assured dies during the term?
Fund value or other benefit as per brochure.
What do I receive at maturity?
Fund value used for pension, as per brochure.
Are there options or riders?
Fund options
Will the amounts always be paid exactly as shown here?
This page is a summary. Actual benefits depend on the policy terms, premium payment status, the options chosen, underwriting and LIC’s official benefit illustration. The official brochure is the final word.
Want this explained in plain words?
Read LIC’s official brochure, compare the options, and I will help you choose what fits your family.
This page is a summary. Benefits, eligibility and premiums can change: the official LIC brochure for the plan is the final word, and I will confirm current terms for you.