Wed Feb 19 13:43:09 UTC 2025: ## LIC Launches New Smart Pension Plan with Flexible Options
**MUMBAI, INDIA** – Life Insurance Corporation of India (LIC) unveiled its new Smart Pension Plan on Wednesday, offering a flexible retirement savings and annuity option. The non-linked, non-participating plan is available to individuals and groups, catering to diverse retirement needs.
The plan boasts a range of annuity options, including single and joint life annuities. Individuals can enter the plan between the ages of 18 and 100, depending on the chosen annuity option. A minimum investment of ₹1,00,000 is required, with no upper limit subject to LIC’s underwriting policy. Minimum monthly annuity payments start at ₹1,000.
Policyholders can access loans after three months or the end of the free-look period, depending on the annuity option and terms. The plan can be purchased both online through LIC’s website and offline via agents, intermediaries, and various service centers. This new offering provides a valuable addition to LIC’s retirement planning portfolio, offering tailored options to suit individual needs and financial goals.
First Piper 