We ensure and enhance the quality of life for people through Financial security by providing them Right and Sensible Insurance.
We ensure and enhance the quality of life for people through Financial security by providing them Right and Sensible Insurance.
LIC Pension plans for NRIs and Indian origins helps you plan for this glorious time by protecting your retirement savings from market downturns and other uncertainties. LIC Retirement Policy today will ensure you have a steady source of income after you choose to hang up your boots and take it easy.
Pension Plans in India are essential insurance products that provide you with financial security after you stop working. LIC Retirement Policy are divided into two parts – first is accumulation resulting from payment of premium and second is distribution.
LIC Pension plan helps you to systematically map your future needs while you are working today so that you can maintain the lifestyle you enjoy in the later years. With LIC Pension plan, you get a regular income through an annuity plan after you retire. This way you also ensure a financially independent life for your spouse in your absence, you automatically create a fund to cover the ever-rising health care costs in the future and indulge in all the things you have dreamt of doing during your retirement.
It’s time to think about how you will care for the future. Start today! Talk to us to know more about LIC Pension Plan.
Experience has helped us understand that one size fits all does not really meet individual client needs. This is true for retirement plans as well, as some clients want to work till sixty and beyond while others want to retire at fifty or even earlier. We realized early on that a single plan would not meet the needs of our clients and therefore decided to offer an exclusive customization service.
We understand your requirements and plans for retirement and the basis that, we design a Pension Plan solution best suited for you.
The plan we suggest is a bouquet of features from other LIC pension plans which are combined to create a unique plan for your specific needs. This way you systematically work towards the financial goals you have set for the later years. For example, Jeevan Nidhi is a typical retirement plan for NRI and Indian Origins but the pension received from this plan is taxable and there is no insurance cover during the pension years. So we designed a plan which ensures that the pension is not only tax-free change but comes with insurance cover during pension years.
Jeevan Shanti offers the option of deferred returns which can be as high as 20% depending on the time slot you choose. For example, if you paid 10 lacs premium and deferred the returns for 20 years, you get the returns at a 20% interest rate. The terms for returns are flexible and can be customized and also allow for the inclusion of joint recipients. You can provide for your grandkids, children, and spouse using this option which will also save you tax under 80C. You also protect your money from market fluctuations in interest rates.
Nalawade Insurance Consultants are insurance agents in Pune specialize in customizing and providing the best LIC Retirement Policy which best suits you and your family. Depending on your budget, age, milestones, and requirement we will choose the most relevant features of other LIC pension plans and merge them into a single offering so that you get good returns for your investments in the long term.
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