LIC's Smart Pension Plan: One-Time Premium, Lifetime Benefits

New Delhi (The Uttam Hindu): Life Insurance Corporation of India (LIC) has introduced its Smart Pension Plan, offering individuals financial security through lifetime pension benefits. The plan can be opened either singly or jointly. In a joint account, if one account holder passes away, the surviving person continues to receive pension benefits for life.

The Smart Pension Plan is a single premium plan, meaning policyholders only need to deposit money once to enjoy lifetime benefits. This plan is designed to be accessible to everyone, providing a secure financial future for people of all classes.

LIC's offerings aim to provide a wide range of benefits, ensuring financial stability for all policyholders. By addressing the need for a reliable retirement fund, this plan is positioned as a key tool in the company's broader strategy to enhance its pension-related services.