On the occasion of its 54th anniversary, the Life Insurance Corporation of India on Friday launched a new scheme – LIC pension plus. A unit linked deferred pension plan, the scheme provides the customer with a minimum guarantee on the gross premiums paid. The plan is without any life cover during the term of the policy.
Most of us detest receiving telemarketing calls —be it from a bank or a telecom company executive offering loan products or the latest tariff plan. Last week, it was my turn. The call centre executive, on the call, in his fast-forwarded styled speech went on to inform me about a new model for retirement planning and how he could offer me the best scheme in the industry.
Jeevan Suraksha 122/147 is a deferred annuity/pension plan, which allows policyholder to make provision for regular income after the selected term or after the age of retirement.