LIC Pension Scheme 2025: Secure Your Future with Guaranteed Income

Ensuring a stable living is important as life can be unpredictable. LIC Pension Scheme 2025 has been launched with the intention of helping you secure your future after retirement. This plan offers a reliable source of monthly payments, tax exemptions and a life insurance proposal. we’ll be discussing all the key features of the scheme in this article.  

Primary Goals And Advantages Of The Scheme

The purpose of LIC Pension Scheme 2025 is to assure people with a regular income after their retirement. You can choose to pay either a one-time lump sum or make periodical contributions to begin the pension plan. Upon retirement, the policy holder is entitled to receive a pension amount every month, quarter, half year or year, until he/she passes away.

Eligibility And Age Limit

You must be at least 18 years old and not more than 60 years old to avail of this scheme. The policy holder can receive pension benefits as soon as he or she reaches the age of 40. However, the age of the subscriber mustn’t be more than 80 years at the time of retirement. This plan can be availed by individuals working in both employed and self-employment sectors.

Pension Amount And Payment Options

The pension amount varies according to the selected plan as well as the amount of premium paid by the policy holder. Customers can choose either immediate annuity or deferred annuity while opting for the Pension Plan 2025 offered by LIC. Under immediate annuity, pension begins from the time you pay the initial lump sum amount but under deferred annuity, pension comes into effect only after you continue paying premiums till some age.

Tax Benefits And Exemptions

you’re entitled to deductions on premium payments up to Rs 1.5 lakh under Section 80CCF of the Income Tax Act. you’re entitled to tax exemption on the first Rs 1.5 lakh invested in this plan every year Also, the pension income is exempted from tax as per Section 10(10A) which further enhances its appeal.

Investing Process In The Scheme

To invest in this scheme you’ve to visit the nearest LIC office. After that you need to fill an application form and attach your ID, address and age proof before submitting it. The LIC agent will recommend the best pension scheme for you after analyzing your age, health and financial status.

Features Of The Scheme

One of the main advantages of LIC Pension Scheme 2025 is its option to pay premiums at varying intervals. You can decide to make your premium payments on a monthly, quarterly, six-monthly or yearly basis. In addition to this, the scheme allows the beneficiary to appoint a nominee and take loans when needed.

Conclusion

LIC Pension Scheme 2025 ensures you can live in financial comfort even after your working life has ended. The pension scheme helps ensure a steady flow of money post-retirement while also allowing for tax benefits. Consider this pension plan to ensure a comfortable future during your retirement years. Start saving for your retirement today by investing in LIC Pension Scheme 2025.