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LIC Pension Plus

Child Plans
Learn about

LIC 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.

You shall have option to choose the amount of premium payable, policy term subject to minimum and maximum limits of Premium, Policy Term and Vesting Age as specified in Para 5 below. Under a Regular Premium policy, the Premium shall be payable over the term of the policy. On Vesting (i.e. at the end of the Policy Term), Options as specified in Para 2.B). ii below shall be available to you to utilize the proceeds of the Policy

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Key Features of LIC Pension Plus

Financial Protection

Death Benefit

Accident

Guaranteed Additions

Roadside Assistance

Partial Withdrawals

Roadside Assistance

Switching

Roadside Assistance

Settlement Option

Roadside Assistance

Extend Date Of Vesting

Highlights of LIC Pension Plus

Minimum Entry Age 0 years (30 days completed)
Maximum Entry Age 13 years (last birthday)
Minimum Age at maturity 18 years (last birthday)
Maximum Age at maturity 25 years (last birthday)
Minimum Policy Term
  • Limited Premium Payment: 10years
  • Single Premium Payment: 5years
Maximum Policy Term
  • Limited Premium Payment: 25 years
  • Single Premium Payment: 25 years
Sum Assured Min - ₹ 2,00,000/- | Max - No Limit

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