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 converted1 into regular income.2

The plan can be purchased either as Single Premium or Regular Premium payment frequency.

You can buy this plan Offline (through an intermediary) as well as Online.

To purchase this plan Online, kindly log on to www.licindia.in.

Benefits:

  • On death of the Life Assured before the date of Vesting: An amount equal to higher of the following shall be payable: Unit Fund Value as on the date of intimation of death; or Assured Death Benefit.

  • On survival of the Life Assured till the date of Vesting: An amount equal to Unit Fund Value shall vest on the date of vesting and shall be utilized as per annuitisation provision mentioned in Para 2.B).ii below.

Eligibility:

  • Minimum Entry Age: 25 years (last birthday)

  • Maximum Entry Age: 75 years (last birthday)

  • Minimum Vesting Age: 35 years (last birthday)

  • Maximum Vesting Age: 85 years (last birthday)

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