Old Age Protection
Jeevan Umang (745)
I recommend Jeevan Umang for you because it gives both lifelong cover and regular income after the premium term. I find it perfect for families who want the assurance of steady payouts to meet future expenses while staying protected for life.
Here are its top features:
• Lifelong Protection: Secures your family’s financial future with ongoing life coverage, ensuring support even after your policy term ends.
• Survival Benefit: Provides annual payouts after the premium paying term, offering regular income to support your financial goals
• Flexible Options: Offers the flexibility to choose premium payment terms and access policy loans when needed.
Jeevan Utsav (771)
I recommend Jeevan Utsav because it gives you protection with only a short premium commitment. I think it is especially useful when you want a steady income in retirement, while still being able to support your children during important stages of their lives.
Its key features include:
• Lifetime Coverage: Ensures lifelong financial security to your family with premium payments limited to a term of your choice.
• Flexible Survival Benefit: Receive annual survival benefits for life with two options Regular Income Benefit for consistent payouts or Flexi Income Benefit for adaptable financial planning tailored to your needs.
• Guaranteed Additions: Benefit from guaranteed additions throughout your chosen premium payment term.
• Loan Facility: Access liquidity when you need it with the option to take out a loan against your policy.
New Jeevan Shanti (758)
If you want a plan that not only takes care of you but also ensures your loved ones are secure, I think LIC’s New Jeevan Shanti is the ideal plan for you. With flexible annuity and death benefit options, it lets you shape financial protection to suit your family’s needs.
The key benefits are:
Guaranteed Income: Provides a regular income stream throughout the annuitant’s lifetime, ensuring financial stability after the deferment period.
• Flexible Annuity Options: Offers the choice between Single Life and Joint Life annuities, allowing you to customize based on individual or family needs.
• Death Benefit Choices: Provides flexibility in receiving death benefits either as a lump sum, in installments, or through annuitization, enhancing security for your beneficiaries.
Jeevan Akshay (857)
I recommend LIC’s Jeevan Akshay-VII if you are looking to turn you savings into a guaranteed lifetime income. It works especially well if you want the confidence of a steady pension right from day one, with options that also secure your family’s future through joint annuity or return of purchase price.
Key features are:
• Long-term Financial Security: Provides guaranteed annuity payments, ensuring a steady income stream.
• Flexible Annuity Options: Offers multiple choices, including single and joint life annuities.
• Return of Purchase Price: Ensures your initial investment is returned to your nominee(s) after your passing.
• Flexible Payment Modes: Choose from monthly, quarterly, half-yearly, or yearly payment options to match your financial needs.
Saral Pension (862)
For worry-free retirement years, I recommend the LIC’s Saral Pension Plan. It locks in your annuity rate from the start, so you can count on steady income for life while still having the option of liquidity through loans.
Here’s what you get:
• Guaranteed Lifetime Income: Get immediate annuity and enjoy lifelong income tailored to your needs.
• Guaranteed Annuity Rates: Lock in your annuity rates at policy inception, ensuring consistent payouts throughout your life.
• Loan Availability: Access policy loans anytime after six months from the policy commencement, providing financial flexibility.
Smart Pension (879)
For a retirement plan that removes uncertainty, I recommend LIC’s Smart Pension. It locks in annuity rates at inception and provides lifelong payouts, so you can focus on living stress-free.
You’ll benefit from:
• Long-term Financial Security: Provides guaranteed annuity payments, ensuring a steady income stream.
• Flexible Annuity Options: Offers multiple choices, including single and joint life annuities.
• Guaranteed Annuity Rates: Locked at inception, ensuring consistent and predictable payouts.
• Flexible Payment Modes: Choose from monthly, quarterly, half-yearly, or yearly payment options to match your financial needs.