LIC plans / Pension Plans
LIC’s Smart Pension
Pay once, get a guaranteed lifelong pension, with many single and joint life options.
What this plan gives you
The main features in plain words. The official brochure is the final word on every figure.
- Wide choice of options for single and joint life
- Individual and group variants
- Increasing annuity options (3% or 6% simple)
- Early return of purchase price options
- Loan under E1-E5, F and J
- Surrender only under D, E1-E5, F and J
How the plan runs
Eligibility and plan limits
A quick reference before you discuss a proposal. Underwriting and channel conditions apply.
| Plan detail | As per summary |
|---|---|
| Plan number | 879 |
| UIN | 512N386V01 |
| Category | Pension Plans |
| Entry age | Minimum 18 years for all options (last birthday) |
| Policy term | Immediate annuity (no deferment) |
| Premium paying term | Single premium |
Questions families ask
What is the entry age?
Minimum 18 years for all options (last birthday)
What are the policy term and premium paying term?
Policy term: Immediate annuity (no deferment). Premium paying term: Single premium.
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.