LIC New Pension Plus
LIC New Pension Plus is a Unit Linked, Non-Participating Pension Plan designed to help you accumulate a retirement corpus through market-linked investments while offering flexibility in fund selection and premium payment.
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Retirement Planning
Build a retirement corpus through disciplined investing.
Market Linked
Opportunity to earn returns based on market performance.
Fund Switching
Switch between available investment funds.
Tax Benefits
Eligible for tax benefits under prevailing tax laws.
Key Features
- Unit Linked Pension Plan.
- Non-Participating Plan.
- Regular & Single Premium Options.
- Multiple Investment Fund Choices.
- Free Fund Switching Facility.
- Partial Withdrawal as per policy conditions.
Eligibility
| Entry Age | 25 to 75 Years* |
|---|---|
| Premium Payment | Single / Regular Premium |
| Vesting Age | 46 to 85 Years |
| Minimum Annual Premium | ₹30,000 (Regular Premium) |
Benefits
Vesting Benefit
On vesting, the accumulated fund value can be used to purchase an annuity for regular pension income as per prevailing regulations.
Death Benefit
In case of death during the policy term, the fund value is payable to the nominee as per policy provisions.
Plan Your Retirement Today
Estimate your retirement corpus, pension amount and fund value using our online calculators.
Pension Calculator NAV Calculator Get Free ConsultationDisclaimer
LIC New Pension Plus is a Unit Linked Pension Plan. The investment risk in the investment portfolio is borne by the policyholder.
The Net Asset Value (NAV) of the chosen fund(s) is subject to market risks and may increase or decrease depending on market conditions. Past performance is not indicative of future returns.
Retirement benefits, annuity options and tax benefits are subject to the terms and conditions of the policy and prevailing regulatory guidelines.
Please read the sales brochure and policy document carefully before investing. The information provided on this website is for educational purposes only and should not be considered financial, investment or tax advice.