LIC's New Pension Plus

Unit Linked, non-participating, individual pension plan to accumulate a retirement corpus through market-linked investment.

Why Choose This Plan?

LIC's New Pension Plus is a ULIP-based retirement plan that lets you accumulate a pension corpus by investing in market-linked funds. Unlike traditional endowment-based pension plans, New Pension Plus gives you the potential for higher long-term returns through equity participation. Upon retirement, the accumulated fund value can be used to buy a regular annuity for life income. If you are a working professional still years away from retirement, this plan's long investment horizon allows your corpus to grow significantly.

Frequently Asked Questions

Eligibility criteria vary based on age, medical history, and specific plan requirements. Contact our advisors for a detailed assessment of your eligibility.

The claim process is simple and hassle-free. You can initiate a claim through our online portal, or by contacting our customer support team with the required documentation.

Yes, premiums paid towards this insurance plan may be eligible for tax deductions under relevant sections of the Income Tax Act. Please consult with a tax advisor for specifics.

LIC's New Pension Plus