LIC OF INDIA RETIREMENT PLAN

Old age in today’s time is not a curse or burden as the senior citizens have their own freedom to plan their financial calendar. In India, the most efficient and old way of investing for your old age is through Life Insurance of India. The financial stability can be foreseen through the LIC retirement plans. The main aims of these plans is to provide with the security of the family in a comfortable manner supporting their spouses and leading a health retirement time.

Mainly there are four different retirement plans from LIC India

• New Jeevan Suraksha I
• Jeevan Nidhi
• Jeevan Akshay IV
• New Jeevan Dhara I

They all have different features to fit for individuals need. Let’s discuss in brief about their features and facilities they offer.

New Jeevan Suraksha I:

It is a deferred annuity plan which gives the policyholder the freedom and provision to have a regular income after the selected term unlike other whole life and endowment plans which offer one time return. The premiums can be paid in half yearly, annual or quarterly and monthly basis. Also it has the feature to give a onetime premium. It also gives a tax relief under section 80c.

Jeevan Nidhi:

In this deferred annuity plan, after the survival of the policy holder the sum assured amount which is accumulated is then given in the form of monthly or half yearly or quarterly form of interests.

Jeevan Akshay IV:

This plan can be purchased by paying a big, one time amount. It gives the annuity holder the annuity payments for the rest of the life. It has the flexibility of different modes of payments that are available for this plan, which are namely as half yearly, quarterly, annually or even monthly. This plan has multiple annuity schemes from which policy holder can choose while purchasing this plan.

New Jeevan Dhara I:

In this deferred annuity plan the policy holder has the provision to get a regular income after the selected term also. In these plans there are provisions of paying the premiums in form of annual, monthly, half yearly or quarterly form. It can also be paid in the form of salary reduction throughout the term of the policy and even till early death.

The above different type of retirement plans gives strength to the senior citizens to plan out their retirement life in a very easy and comfortable way. This also gives them the freedom from the dependence on their children for monthly expenses. So plan out a stable future with LIC retirement plans. 

Jeevan Saral Yojana Policy
 

Those who have invested in Jeevan Saral Yojana Policy plan 165 will get benefit like Maturity Sum Assured along with loyalty addition. If policy holder required to take up loan against the policy then he/she is most welcome to do so as policy consider this as valid option.