LIC New Pension Plus

LIC New Pension Plus: Your Path to a Secure Retirement

Best LIC Agent in Kolkata, Somenath Naskar.

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LIC Agent Kolkata

Are you worried about your financial security after retirement? As the best LIC agent in Kolkata, I’m here to introduce you to LIC New Pension Plus – a game-changing pension plan that can help secure your golden years. Let’s dive into the details of this innovative offering from Life Insurance Corporation of India.

Key Takeaways

What is LIC New Pension Plus?

LIC New Pension Plus (Plan No. 867) is a Unit Linked, Non-Participating Individual Pension Plan designed to help you build a substantial corpus for your retirement through systematic and disciplined savings. It offers the flexibility of both single premium and regular premium payment options, making it adaptable to various financial situations.

Key Features of LIC New Pension Plus

  1. Flexible Premium Payment: Choose between single premium or regular premium payment modes.
  2. Wide Age Range: Available for individuals aged 25-75 years.
  3. Guaranteed Additions: Boost your fund value with guaranteed additions at specific policy milestones.
  4. Market-Linked Returns: Potential for higher returns through market-linked investments.
  5. Partial Withdrawals: Option to make partial withdrawals after the 5-year lock-in period.
  6. Tax Benefits: Enjoy tax benefits under Section 80C and 10(10D) of the Income Tax Act.

How Does LIC New Pension Plus Work?

When you invest in LIC New Pension Plus, your premiums (after deducting charges) are used to purchase units in the fund of your choice. You have four fund options to choose from:

  1. Pension Bond Fund
  2. Pension Secured Fund
  3. Pension Balanced Fund
  4. Pension Growth Fund

Each fund has a different risk profile and investment strategy, allowing you to align your investments with your risk appetite and financial goals.

“The key to a comfortable retirement is starting early and investing wisely. LIC New Pension Plus offers the perfect blend of security and growth potential.” – Somenath Naskar, LIC Agent in Kolkata

Benefits of LIC New Pension Plus

1. Vesting Benefit

On survival till the end of the policy term (vesting date), you’ll receive the accumulated fund value. You can then choose to:

  • Purchase an immediate annuity from LIC or any other insurer
  • Commute up to 60% of the fund value and use the remaining amount to purchase an annuity

2. Death Benefit

In case of unfortunate demise during the policy term, your nominee will receive the higher of:

  • Fund Value as on the date of intimation of death
  • 105% of total premiums paid

3. Guaranteed Additions

LIC New Pension Plus offers guaranteed additions to boost your fund value:

Why Choose LIC New Pension Plus?

  1. Trusted Brand: LIC is India’s largest and most trusted life insurance provider.
  2. Flexibility: Customize your plan with various premium payment and fund options.
  3. Transparency: Clear charges and fund performance information.
  4. Professional Management: Funds are managed by experienced investment professionals.
  5. Additional Benefits: Options like switching between funds and partial withdrawals add flexibility.

How to Get Started with LIC New Pension Plus

As an LIC agent in Kolkata, I can help you navigate the process of purchasing LIC New Pension Plus. Here’s a simple step-by-step guide:

  1. Consultation: We’ll discuss your financial goals and retirement plans.
  2. Plan Customization: Based on your needs, we’ll tailor the plan (premium amount, policy term, fund choice).
  3. Documentation: I’ll assist you in filling out the necessary forms and gathering required documents.
  4. Premium Payment: Choose your preferred payment mode and make the initial payment.
  5. Policy Issuance: Once approved, LIC will issue your policy document.

“Investing in your retirement is investing in peace of mind. Let’s secure your future together with LIC New Pension Plus.” – Somenath Naskar

As your dedicated LIC agent in Kolkata, I’m here to guide you through every step of securing your retirement with LIC New Pension Plus. Don’t leave your financial future to chance – let’s work together to create a retirement plan that gives you peace of mind and financial security.

Ready to take the first step towards a worry-free retirement? Call me, Somenath Naskar, at 7980031260 for a personalized consultation on LIC New Pension Plus. Let’s secure your golden years together!

FAQs about LIC New Pension Plus

Can I change my fund choice after purchasing the policy?

Yes, you can switch between funds up to 4 times per year free of charge.

What happens if I miss a premium payment?

There’s a grace period of 30 days for yearly, half-yearly, and quarterly modes, and 15 days for monthly mode. If you don’t pay within this period, policy discontinuance rules will apply.

Is there a lock-in period for this policy?

Yes, there’s a lock-in period of 5 years from the date of commencement of the policy.

Can I surrender the policy before maturity?

Yes, but it’s advisable to continue till maturity to maximize benefits. Early surrender may result in lower returns.

Are there any tax benefits with this plan?

Yes, you can avail tax benefits under Section 80C for premiums paid and Section 10(10D) for maturity benefits, subject to prevailing tax laws.

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Somenath Naskar
Somenath Naskar

I am the CEO of Loanoffice.in, the Best Loan Agent, Loan DSA and Insurance Agent in Kolkata. With over 5 years of experience in the banking and finance industry, I have developed a deep understanding of the Loan and Insurance markets and the challenges faced by individuals and businesses seeking financial assistance.