If you are a senior citizen and looking for a reliable and secure pension plan, LIC (Life Insurance Corporation of India) offers a comprehensive plan designed specifically for you. The LIC Pension Plan for Senior Citizens is tailored to meet the financial needs and requirements of elderly citizens, providing them with a regular income during their retirement years.
Being one of the most trusted and renowned insurance companies in India, LIC understands the importance of financial stability for senior citizens. With this pension plan, LIC aims to provide a sense of security and peace of mind to the elderly who have dedicated their lives to various professions and responsibilities.
The LIC Pension Plan for Senior Citizens offers a variety of benefits and features to ensure a comfortable and hassle-free retirement. It provides a steady income in the form of pension payments, helping senior citizens maintain their lifestyle and meet their day-to-day expenses effortlessly.
Benefits of LIC Pension Plan
The LIC Pension Plan for senior citizens is designed to provide financial security and stability during their retirement years. This plan offers several benefits that make it an attractive option for individuals seeking a reliable pension scheme.
First and foremost, the LIC Pension Plan ensures a regular and guaranteed income for senior citizens. This income is paid out in the form of monthly pension payments, providing a steady source of financial support.
Another key benefit of this plan is the flexibility it offers. Senior citizens can choose from various pension options, depending on their individual requirements and preferences. They have the option to receive their pension for a certain number of years or for their entire lifetime.
In addition to the regular pension payments, the LIC Pension Plan also provides a death benefit. In the unfortunate event of the policyholder’s demise, a lump sum amount is paid to the nominee, offering financial security to the family.
The LIC Pension Plan is also eligible for tax benefits under the Income Tax Act, providing additional savings for senior citizens. This can help in reducing the overall tax liability and maximizing the pension income.
Furthermore, the LIC Pension Plan allows for loan facilities to be availed against the policy’s accumulated value. This can be beneficial in times of financial emergencies or other urgent needs.
In conclusion, the LIC Pension Plan for senior citizens offers a range of benefits, including regular and guaranteed income, flexibility in pension options, death benefits, tax savings, and loan facilities. It is an ideal choice for individuals looking to secure their financial future during their retirement years.
Eligibility Criteria for LIC Pension Plan
The LIC Pension Plan is a senior citizen plan specifically designed for those who are looking to secure a stable income during their retirement years. To be eligible for this plan, individuals must meet the following criteria:
- Age: The applicant must be at least 40 years old.
- Policy Term: The pension plan has a minimum policy term of 10 years and a maximum policy term of 20 years.
- Premium: The individual must be willing to pay the required premium amount as determined by LIC.
- Medical Examination: Depending on the age of the applicant, a medical examination may be required to determine eligibility for the pension plan.
- Indian Citizenship: The pension plan is available only for Indian citizens residing in India.
Once these eligibility criteria are met, individuals can proceed with the application process and start enjoying the benefits of the LIC Pension Plan for their retirement.
Documents Required for LIC Pension Plan
When applying for the LIC Pension Plan for senior citizens, the following documents are required:
Identity Proof
- Proof of identity such as Aadhaar Card, Passport, Voter ID, or Driving License.
Address Proof
- Proof of address such as Aadhaar Card, Passport, Voter ID, or Utility Bill (not older than 3 months).
Age Proof
- Proof of age such as Birth Certificate, PAN Card, Passport, or School/College Leaving Certificate.
Bank Account Details
- Bank statements or passbook photocopies indicating the account number and IFSC code.
Photographs
- Recent passport-sized photographs.
It is important to ensure that all documents are valid and up-to-date at the time of submission to LIC. Failure to provide the necessary documents may result in a delay or rejection of the pension plan application.
How to Apply for LIC Pension Plan
Applying for the LIC Pension Plan for senior citizens is a straightforward process. To apply, you just need to follow these simple steps:
- Visit the LIC official website.
- Look for the pension plan section and click on it.
- Read the details and benefits of the LIC Pension Plan for senior citizens.
- Click on the “Apply Now” button or link.
- Fill out the application form with accurate information.
- Submit the required documents, such as age proof, income proof, and address proof.
- Pay the required premium amount, as specified by LIC.
- Review the application form and documents before submitting.
- Once submitted, you will receive an acknowledgement receipt.
- Wait for the LIC officials to process your application.
- Upon approval, you will receive the LIC Pension Plan documents and information.
By following these steps, you can easily apply for the LIC Pension Plan for senior citizens and enjoy the benefits of a secure and reliable pension scheme offered by LIC.
Types of LIC Pension Plans
LIC offers various pension plans for senior citizens. These plans are specifically designed to provide financial stability and security to lic citizens in their retirement years. Here are some of the popular senior plan options:
Immediate Annuity Plan
The Immediate Annuity Plan offered by LIC is suitable for senior citizens who want to start receiving a regular pension immediately after making a lump sum payment. This plan provides a guaranteed income for life, ensuring a worry-free retirement.
Jeevan Akshay Plan
The Jeevan Akshay Plan is another popular pension option for senior citizens. It offers multiple annuity options, allowing individuals to choose the type of pension they prefer. This plan provides a regular income stream and guarantees financial support throughout the retiree’s lifetime.
These LIC pension plans for senior citizens are designed to cater to the specific needs and preferences of lic citizens, ensuring a comfortable retirement phase. Whether it’s an immediate annuity plan or the flexibility of the Jeevan Akshay Plan, LIC provides reliable pension options to ensure a secure future for senior citizens.
Features of LIC Pension Plan
The LIC Pension Plan for senior citizens offers a number of attractive features to cater to their retirement needs. This plan is specifically designed to provide financial security and a regular source of income during the retirement years.
1. Flexible options: LIC Pension Plan offers flexible options for senior citizens to choose from. They can select a plan that suits their needs and requirements. They can choose the amount of pension they want to receive and the frequency of payment.
2. Regular income: This plan ensures a regular source of income for senior citizens. They can receive a fixed amount of pension at regular intervals, which helps them meet their day-to-day expenses and maintain their standard of living.
3. Tax benefits: LIC Pension Plan offers tax benefits under section 80CCC of the Income Tax Act. Senior citizens can avail tax benefits on the premium paid towards the plan, which helps in saving additional money.
4. Life cover: Along with providing a regular income, LIC Pension Plan also offers a life cover option. In case of the unfortunate event of the policyholder’s demise, a lump sum amount is paid to the nominee/beneficiary.
5. Guaranteed returns: LIC Pension Plan provides guaranteed returns on the premium paid. Senior citizens can be assured of a fixed amount of pension throughout their lifetime, regardless of market fluctuations.
6. Surrender option: In case of any emergency or unforeseen circumstances, senior citizens have the option to surrender their policy. They can opt to withdraw the invested amount, but this may result in a reduction of the total returns.
7. Easy documentation process: The LIC Pension Plan for senior citizens has a simple and hassle-free documentation process. The requirements for availing this plan are minimal, making it easier for senior citizens to apply and obtain the benefits.
Overall, LIC Pension Plan is a reliable and beneficial option for senior citizens to secure their retirement years. With its flexible options, regular income, tax benefits, and guaranteed returns, it provides a sense of financial security and peace of mind.
Guaranteed Pension with LIC Pension Plan
As a senior citizen, planning for a secure future is of utmost importance. The LIC Pension Plan for Senior Citizens is designed specifically to cater to the financial needs of senior citizens seeking a guaranteed pension.
With this plan, senior citizens can enjoy a worry-free retirement, knowing that they will receive a fixed income in the form of a pension. The LIC Pension Plan offers a range of benefits to ensure financial security and peace of mind.
One of the key advantages of this plan is that it is exclusively for senior citizens. LIC understands the specific financial requirements of seniors and has tailored this plan to meet their needs. Whether it’s managing medical expenses, taking care of household expenses, or simply enjoying a comfortable lifestyle, the LIC Pension Plan provides the necessary financial support.
The plan offers guaranteed regular income in the form of pension, which is paid throughout the policyholder’s lifetime. This ensures a steady source of income that can be relied upon to cover regular expenses. Moreover, the pension amount is fixed and does not fluctuate, providing stability and peace of mind.
In addition to the guaranteed pension, the plan also offers various other benefits. These include tax benefits, flexibility in choosing the pension amount, and the option to receive the pension monthly, quarterly, half-yearly, or annually, depending on the policyholder’s preference.
Overall, the LIC Pension Plan for Senior Citizens is a reliable and secure option for those looking to secure their financial future. With guaranteed pension income and a range of benefits, this plan provides the necessary financial support to enjoy a comfortable retirement.
Flexible Premium Payment Options with LIC Pension Plan
In order to provide senior citizens with a convenient and hassle-free way to secure their financial future, LIC offers a pension plan specifically designed for seniors. With this plan, seniors can enjoy a regular income stream during their retirement years.
One of the key features of LIC’s pension plan for senior citizens is its flexible premium payment options. Seniors have the flexibility to choose from various premium payment modes, depending on their preferences and financial capabilities.
There are three premium payment modes available under LIC’s pension plan for senior citizens:
| Payment Mode | Description |
|---|---|
| Yearly | Seniors can choose to make a single premium payment on an annual basis. This option ensures a hassle-free payment process and provides the convenience of making a lump-sum payment. |
| Half-Yearly | Seniors can opt for making premium payments twice a year. This option allows them to manage their cash flow effectively and ensures regular contributions towards the pension plan. |
| Quarterly | Seniors can choose to make premium payments every three months. This option provides them with a more frequent payment schedule, allowing for better budgeting and financial planning. |
By offering these flexible premium payment options, LIC aims to provide senior citizens with the convenience they need to secure their retirement years. Seniors can choose the payment mode that best suits their financial situation and contribute towards their pension plan accordingly.
Tax Benefits of LIC Pension Plan
The LIC Pension Plan for senior citizens offers several tax benefits. By investing in this plan, LIC citizens can enjoy various tax advantages, which can help them maximize their retirement savings. Here are some of the key tax benefits of LIC Pension Plan:
- Income Tax Exemption: Contributions made towards the LIC Pension Plan are eligible for income tax exemption under Section 80CCC of the Income Tax Act. This means that the amount invested in the plan can be claimed as a deduction from the total taxable income, reducing the tax liability for the senior citizens.
- Tax-free Pension: The pension received from the LIC Pension Plan is eligible for tax exemption under Section 10(14)(ii) of the Income Tax Act. This means that the pension income is not taxable in the hands of the senior citizens, providing them with a regular income stream without any tax implications.
- Deferred Taxation: The LIC Pension Plan also offers the benefit of deferred taxation. This means that the accumulation phase of the plan, where the contributions are invested and grow over time, is tax-free. The tax liability arises only at the time of receiving the pension income, allowing the senior citizens to benefit from the power of compounding without any tax burden.
- Exemption on Commutation: The LIC Pension Plan allows senior citizens to commute a portion of their pension, i.e., receive a lump sum amount in lieu of a part of their pension. Under Section 10(10A) of the Income Tax Act, the commuted pension received is tax-free up to certain limits, providing flexibility and liquidity to the LIC citizens.
These tax benefits make the LIC Pension Plan an attractive option for senior citizens looking to secure their retirement and maximize their savings. It is advisable for senior citizens to consult with a tax advisor or financial planner to understand the specific tax implications and benefits of the LIC Pension Plan based on their individual circumstances.
Comparison of LIC Pension Plan with Other Pension Plans
When it comes to choosing a senior citizens’ pension plan, LIC offers a range of options that cater to the specific needs of seniors. Here, we compare the LIC pension plan with other pension plans available in the market:
- LIC pension plans are specifically designed for senior citizens, ensuring that their retirement years are financially secure. Other pension plans may not offer the same level of benefits and features tailored for seniors.
- LIC pension plans provide guaranteed returns and a regular income stream, which is crucial for senior citizens. Other pension plans may have variable returns and may not offer a consistent income throughout retirement.
- LIC pension plans offer flexibility in terms of premium payment options. Senior citizens can choose to pay premiums on a monthly, quarterly, half-yearly, or yearly basis. Other pension plans may have limited premium payment options.
- LIC pension plans provide additional benefits such as disability cover and tax benefits, which can be advantageous for senior citizens. Other pension plans may not offer the same comprehensive coverage.
- LIC pension plans have a wide range of annuity options to choose from, allowing seniors to customize their retirement income. Other pension plans may have limited annuity options.
Overall, LIC pension plans stand out in terms of catering to the specific needs of senior citizens and offering a comprehensive set of benefits and features. It is important for seniors to carefully compare different pension plans before making a decision, ensuring that they choose a plan that aligns with their financial goals and requirements.
Disclaimer: This article is for informational purposes only and should not be considered as financial advice. It is recommended to consult with a financial advisor or LIC representative for personalized advice regarding pension plans for senior citizens.
Reviews of LIC Pension Plan from Senior Citizens
Senior citizens who have invested in the LIC Pension Plan are extremely satisfied with the benefits it provides. This senior plan offered by LIC is designed specifically for senior citizens, ensuring that they have a reliable and secure source of income during their retirement years.
Peace of Mind and Financial Security
One of the key benefits of the LIC Pension Plan for senior citizens is the peace of mind and financial security it offers. Senior citizens can rest assured knowing that they will receive a guaranteed pension amount at regular intervals, which helps cover their living expenses and medical bills.
The LIC Pension Plan also offers flexibility in terms of choosing the frequency of pension payouts, allowing senior citizens to customize it according to their needs. This ensures that they have a stable income stream throughout their retirement.
Attractive Returns and Tax Benefits
Another feature that senior citizens appreciate about the LIC Pension Plan is the attractive returns it provides. The plan offers a competitive interest rate, ensuring that their investments grow steadily over time.
Additionally, the LIC Pension Plan offers tax benefits to senior citizens. The premiums paid towards the plan are eligible for tax deductions under Section 80CCC of the Income Tax Act, 1961. This further reduces the financial burden on senior citizens.
In conclusion, the LIC Pension Plan is highly recommended by senior citizens who have invested in it. It provides them with peace of mind, financial security, attractive returns, and tax benefits, making it an ideal choice for senior citizens planning for their retirement years.
FAQs about LIC Pension Plan
Here are some frequently asked questions about LIC Pension Plan:
What is LIC Pension Plan?
LIC Pension Plan is a retirement plan designed specifically for senior citizens. It provides a regular income in the form of a pension to individuals who have completed a certain age and are no longer earning.
Who is eligible for the LIC Pension Plan?
The LIC Pension Plan is available for Indian citizens who have reached a certain age and are looking for a reliable source of income during their retirement years. The exact eligibility criteria may vary depending on the specific plan and its terms and conditions.
It is important to note that LIC Pension Plan does not discriminate based on gender or occupation. It is open to all senior citizens who meet the specified criteria.
What are the benefits of LIC Pension Plan?
LIC Pension Plan offers several benefits to senior citizens, including:
- Regular monthly income: The plan provides a regular source of income in the form of a pension, which helps in meeting day-to-day expenses and maintaining a comfortable lifestyle.
- Financial security: LIC Pension Plan ensures financial security during retirement, as it offers a guaranteed income for the rest of the individual’s life.
- Tax benefits: Contributions made towards LIC Pension Plan are eligible for tax benefits under Section 80C of the Income Tax Act, 1961. The pension received is also subject to tax regulations.
- Flexibility: The plan offers flexibility in terms of choosing the premium payment frequency, pension payout options, and more.
How can I enroll in the LIC Pension Plan?
To enroll in the LIC Pension Plan, you can visit the nearest LIC branch or contact a licensed agent. They will guide you through the process, explain the available plans, and help you choose the most suitable option based on your requirements and financial goals.
During the enrollment process, you will be required to provide the necessary documents, such as proof of age, identity, and address, along with the completed application form.
It is recommended to thoroughly read the terms and conditions of the plan and understand all the features, benefits, and charges involved before making a final decision.
LIC Pension Plan: A Smart Investment for Retirement
As senior citizens approach retirement age, it becomes essential for them to plan for their post-retirement finances. The LIC Pension Plan is specifically designed to cater to the needs of senior citizens, offering them a secure and reliable source of income.
The LIC Pension Plan provides a comprehensive retirement solution for senior citizens looking for financial stability. With this plan, seniors can ensure a steady stream of pension throughout their retirement years.
One of the key advantages of the LIC Pension Plan is its flexibility. Seniors may choose the plan that suits their financial needs and risk appetite. Whether they prefer a guaranteed pension amount or a variable pension with market-linked returns, LIC offers a range of options to choose from.
Moreover, LIC Pension Plan provides tax benefits to senior citizens. Under section 80CCC of the Income Tax Act, policyholders can claim deductions on the premium amount paid towards their pension plan. This not only helps in reducing the tax liability but also allows them to save more for their retirement.
With LIC’s extensive experience in the insurance industry, senior citizens can be assured of the company’s reliability and trustworthiness. LIC has a proven track record of providing excellent customer service and honoring its commitments, making it a popular choice among senior citizens.
Investing in LIC Pension Plan is a smart choice for senior citizens. It not only provides them with a regular source of income during their retirement but also offers financial security and peace of mind. By investing in this plan, senior citizens can enjoy their golden years without worrying about their financial well-being.
Factors to Consider Before Choosing LIC Pension Plan
Choosing the right pension plan is essential for senior citizens who want to secure their future financial stability. LIC (Life Insurance Corporation of India) offers a variety of pension plans specifically designed for senior citizens. It is important to consider several factors before selecting the LIC pension plan that best suits your needs and financial goals.
1. Financial stability and requirements
Before choosing a LIC pension plan, it is crucial to assess your current and future financial stability. Consider your monthly income, expenses, and any existing financial obligations. Evaluate the amount of pension you will need to maintain your desired lifestyle and cover medical expenses, if necessary. This will help you select a plan that provides adequate financial support for your retirement years.
2. Plan features and benefits
Review the different features and benefits of LIC pension plans. Some plans offer a regular income for a fixed period, while others provide a lump-sum amount at the end of the policy term. Moreover, some plans offer additional benefits such as health coverage or a death benefit for your beneficiaries. It is essential to understand the terms and conditions, as well as the benefits offered by each plan, to make an informed decision.
Another important factor to consider is the flexibility of the plan. Some plans allow you to alter the premium amount or choose the frequency of payments. This flexibility can be useful in adapting to changing financial circumstances.
3. Long-term sustainability
Consider the long-term sustainability of the LIC pension plan you are considering. Assess the financial stability and track record of LIC as an insurance provider. Look into the historical performance of the specific plan or similar plans to determine their reliability and ability to deliver the promised benefits.
Additionally, consider the impact of inflation on the value of your pension over time. Ensure that the plan you choose accounts for inflation and provides sufficient financial support throughout your retirement years.
Conclusion
Choosing the right LIC pension plan for senior citizens is a crucial decision that can significantly impact their financial well-being in retirement. By carefully considering factors such as financial stability, plan features, long-term sustainability, and inflation protection, senior citizens can make an informed choice that suits their individual needs and goals.
LIC Pension Plan: Secure Your Old Age
As citizens age, it becomes essential to plan for their financial security in retirement. LIC, one of the leading insurance providers, offers a pension plan specifically designed for senior citizens. This LIC Pension Plan is aimed at providing a reliable source of income during your golden years.
The LIC Pension Plan is an excellent option for individuals who want to secure their financial future after retirement. It offers a wide range of benefits and features to meet the specific needs of senior citizens. With this plan, you can enjoy a regular income stream, ensuring a comfortable and stress-free retirement.
Why Choose LIC Pension Plan for Senior Citizens?
There are several reasons why LIC Pension Plan is a popular choice among senior citizens:
- Guaranteed Income: The plan provides a guaranteed income for life, ensuring financial stability for senior citizens.
- Flexibility: LIC Pension Plan offers flexibility in terms of premium payment options, ranging from a single premium to regular premiums. This allows you to choose the option that suits your financial situation.
- Tax Benefits: The plan also offers tax benefits under Section 80C and Section 10(10A) of the Income Tax Act, making it an attractive investment option.
How Does LIC Pension Plan Work?
The LIC Pension Plan works by allowing you to accumulate funds over a specified period through regular or single premium payments. At maturity or retirement, you can choose to receive the accumulated corpus as a lump sum or in the form of regular pension payments. The amount of pension you receive will depend on the premium paid, age at entry, and other factors.
It is important to carefully analyze your needs and goals before opting for any pension plan. Speak to a financial advisor or LIC agent to understand the terms and conditions of the LIC Pension Plan and how it can benefit you.
Secure your old age with LIC Pension Plan and enjoy a worry-free retirement. Plan ahead to ensure a financially independent and comfortable life post-retirement.
Why LIC Pension Plan is the Best Choice for Senior Citizens
As senior citizens, planning for retirement and ensuring a secure financial future becomes of utmost importance. The LIC Pension Plan is specially designed to cater to the needs of senior citizens, providing them with a reliable source of income during their golden years.
With the LIC Pension Plan, senior citizens can enjoy a host of benefits that make it the best choice for their retirement. Firstly, the plan offers a guaranteed pension amount, providing a regular income that is essential for meeting daily expenses and maintaining a comfortable lifestyle.
Furthermore, the LIC Pension Plan offers a high rate of interest, ensuring that the investment grows over time and provides excellent returns. This allows senior citizens to build a substantial corpus that can be utilized for various purposes, such as medical expenses or fulfilling their dreams.
Another key advantage of the LIC Pension Plan is its flexibility. It offers multiple options for receiving the pension, including monthly, quarterly, half-yearly, or yearly payments. This flexibility enables senior citizens to choose the frequency that suits their needs and preferences.
In addition, the LIC Pension Plan provides various benefits to the policyholder’s spouse, ensuring that they continue to receive a pension even after the policyholder’s demise. This feature provides financial security not just for the policyholder but also for their loved ones.
Moreover, the LIC Pension Plan comes with the advantage of tax benefits. The premiums paid towards the plan are eligible for tax deductions, providing senior citizens with additional savings and helping them reduce their tax liability.
Overall, the LIC Pension Plan is the best choice for senior citizens due to its guaranteed pension amount, high rate of interest, flexibility in receiving payments, benefits for the spouse, and tax advantages. By opting for this plan, senior citizens can enjoy a worry-free retirement and live their golden years with peace of mind.
Grow Your Savings with LIC Pension Plan
If you are a senior citizen looking for a reliable and secure way to grow your savings, the LIC Pension Plan for Senior Citizens is the perfect option for you. This specially designed plan caters to the unique financial needs of senior citizens, allowing them to enjoy a stable and comfortable retirement.
What is the LIC Pension Plan?
The LIC Pension Plan is a comprehensive retirement solution offered by LIC (Life Insurance Corporation of India) for senior citizens. It provides a regular income stream along with various benefits to help seniors live a worry-free life during their golden years.
Benefits of the LIC Pension Plan for Senior Citizens
By opting for the LIC Pension Plan, senior citizens can enjoy the following benefits:
| Benefits | Description |
|---|---|
| Regular Income | The LIC Pension Plan offers a regular income in the form of pension payments, ensuring financial stability for seniors. |
| Tax Benefits | Individuals can avail tax benefits on the premiums paid as per prevailing tax laws, making it a tax-efficient investment. |
| Flexible Payment Options | Seniors can choose from various payment options, including monthly, quarterly, semi-annually, or annually, based on their preferences. |
| Life Cover | The plan also offers a life cover to provide financial security to the beneficiaries in case of the insured person’s unfortunate demise. |
The LIC Pension Plan is designed to provide seniors with a reliable and secure source of income during their retirement years. By opting for this plan, senior citizens can enjoy a financially stress-free life and make the most out of their savings. Contact LIC today to start growing your savings with the LIC Pension Plan.
Q&A:
What is LIC Pension Plan for Senior Citizens?
LIC Pension Plan for Senior Citizens is a retirement plan offered by LIC (Life Insurance Corporation of India) specifically designed for senior citizens to provide them with a regular source of income during their retirement years.
What are the benefits of LIC Pension Plan for Senior Citizens?
The LIC Pension Plan for Senior Citizens offers a number of benefits including a regular pension payable throughout the lifetime of the policyholder, guaranteed addition at a specified rate, a death benefit to the nominee in case of the policyholder’s demise, and the option to avail a loan against the policy.
Who is eligible to apply for LIC Pension Plan for Senior Citizens?
Any individual aged between 60 and 79 years is eligible to apply for LIC Pension Plan for Senior Citizens.
Can I surrender my LIC Pension Plan for Senior Citizens before the completion of the policy term?
Yes, you can surrender your LIC Pension Plan for Senior Citizens before the completion of the policy term. However, surrendering the plan may result in a loss of benefits and a surrender charge may be applicable.
How can I apply for LIC Pension Plan for Senior Citizens?
You can apply for LIC Pension Plan for Senior Citizens by visiting the nearest LIC branch or through the LIC website. You will be required to fill out the application form and submit the necessary documents along with the premium payment.
What is LIC Pension Plan for Senior Citizens?
LIC Pension Plan for Senior Citizens is a retirement plan offered by Life Insurance Corporation of India specifically designed for senior citizens. It provides a guaranteed pension income to the policyholder during their retirement years.
Who can avail the LIC Pension Plan for Senior Citizens?
Any individual between the ages of 60 and 80 years can avail the LIC Pension Plan for Senior Citizens.