Smart Pension – 879

LIC Smart Pension (Plan No. 879) is a non-linked, non-participating annuity plan designed to provide guaranteed retirement income. It offers both immediate and deferred annuity options with flexible payout choices, helping individuals secure a stable and predictable income stream tailored to their retirement needs.

• Guaranteed Retirement Income: Assured annuity payments for financial security.
• Immediate & Deferred Options: Choose pension to start now or at a later date.
• Non-Linked & Non-Participating: Stable income without market risk.
• Flexible Payout Choices: Multiple annuity options to suit individual needs.
• Lifelong Pension: Regular income payable for life as per chosen option.
• Single Premium: One-time investment for long-term pension benefits.
• Spouse Protection Options: Joint life annuity choices available.
• Return of Purchase Price: Option to receive purchase price by nominee.
• Senior Citizen Friendly: Suitable for retirement and post-retirement planning.
• Trusted LIC Assurance: Backed by Life Insurance Corporation of India.

Detailed Description

LIC Smart Pension (Plan 879) is a thoughtfully designed annuity plan aimed at providing guaranteed and stable income during retirement. With increasing life expectancy and rising living costs, having a reliable pension income has become essential. This plan helps individuals convert their savings into a dependable income stream without exposure to market risks.

One of the key highlights of Smart Pension is the availability of both immediate and deferred annuity options. Individuals who are already retired can choose the immediate annuity option to start receiving pension right away, while those planning ahead can opt for deferred annuity to begin payouts at a future date.

The plan offers multiple annuity options, allowing policyholders to customize payout frequency and structure based on their financial needs. Options such as joint life annuity, annuity with return of purchase price, and guaranteed period annuity provide flexibility and family protection.

Being a non-linked and non-participating plan, Smart Pension offers complete peace of mind. The annuity rates are fixed at the time of purchase, ensuring predictable income throughout the payout period irrespective of market conditions.

The plan is particularly suitable for retirees, senior citizens, and individuals approaching retirement who want a secure income source. With a simple structure and transparent benefits, it is easy to understand and manage.

Backed by LIC’s strong financial foundation and trusted claim settlement record, Smart Pension ensures reliability and long-term assurance. It plays a vital role in retirement planning by offering guaranteed income and financial stability.

Overall, LIC Smart Pension – 879 is an excellent choice for individuals seeking a flexible, risk-free, and guaranteed retirement income solution. It helps policyholders enjoy their retirement years with confidence, dignity, and financial independence.