With the help of this scheme, you can create a big fund by investing in two ways.
You can convert it as an annuity for regular income on retirement or at the age of 35 years.
It provides different investment options to the pensioners.
New Delhi. In today’s time everyone wants a financially secure future (Money Making Tips). If you also want to build a huge corpus for the future or want a regular income after retirement, then you can invest in this scheme. Let us inform that the Life Insurance Corporation of India (LIC) has introduced the New Pension Plus (NPP) scheme, which is a non-participating, unit linked, individual pension plan.
With the help of this scheme, you can build a large fund by investing in a systematic and disciplined manner. You can convert it as an annuity for regular income on retirement or at the age of 35 years. Like the National Pension System (NPS), LIC’s New Pension Plus (NPP) also offers different investment options to pensioners.
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These are investment options
Talking about investment options, there are Pension Bond Fund, Pension Secured Fund, Pension Balanced Fund, Pension Growth Fund and Pension Discontinued Fund. Investors can choose the right option as per their risk-taking capacity. Users can buy this plan in 2 modes, single premium payment policy or as a regular premium payment plan. In the regular payment option, the premium has to be paid during the entire term of the policy.
Know investment terms
Entry age to take this policy- Minimum entry is 25 years and maximum entry age is 75 years. The minimum age at which one can opt for regular annuity is 35 years and the maximum age is 85 years. The policy term is minimum 10 years and maximum 42 years.
You can buy the plan like this
If you want to buy this plan offline, then you can buy it through agents or other means of LIC. Or you can also buy by visiting LIC’s website www.licindia.in.
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FIRST PUBLISHED : October 26, 2022, 17:32 IST