Pension Plans
LIC Pradhan Mantri Vaya Vandana Yojana
- For Financial Year 2022-23, the Scheme shall provide an assured pension of 7.40% p.a. payable monthly.
- This assured rate of pension shall be payable for the full policy term of 10 years for all the policies purchased till 31st March, 2023.
LIC Jeevan Akshay
- This is an Immediate Annuity plan wherein the Policyholder
has an option to choose type of annuity from 10 available
options on payment of a lump sum amount. - The annuity rates are guaranteed at the inception of the
policy and annuities are payable throughout the life time of
Annuitants.
LIC Jeevan Shanti
- This is a single premium plan wherein the Policyholder has an option to choose between Single life and
Joint life Deferred annuity. - The annuity rates are guaranteed at the inception of the policy and annuities are payable post deferment
period throughout the life time of Annuitant(s).
LIC's New Pension Plus
- LIC’s New Pension Plus is a Unit Linked, Non-Participating,
Individual Pension plan which helps to build corpus by
systematic and disciplined savings which can be converted
into regular income. - The plan can be purchased either as Single
Premium or Regular Premium payment frequency.