Which is the best pension plan in LIC?

After retirement, you need to have a regular source of income without any hassle. And if you work for a private organisation, you need to think about your retirement benefits. For this LIC (Life Insurance Corporation of India), which is backed by the Government of India, has come up with different retirement plans. You may find it difficult to choose a scheme since there are so many kinds. So, I will help you decide which is the best pension plan in LIC.

Which LIC policy is best for pension?

I will mention a few policies by LIC before sharing the best LIC pension plan in India.

1. LIC SIIP Plan

2. LIC Bima Jyoti

3. LIC New Jeevan Shanti

4. Pradhan Mantri Vaya Vandana Yojana

5. LIC Jeevan Akshay- VII

6. LIC Saral Pension

I will talk about LIC SIIP plan because I have applied for this plan.

• In SIIP plan, a part of the premium goes towards investment in market-linked funds and the other half towards life cover.

• If the policyholder passes away, the family receives the amount invested.

• The policyholder has the option to choose from 4 funds depending on the risk appetite.

• If the chosen portfolio is performing well, you will get the option to switch as a policyholder.

The LIC SIIP Plan provides flexible benefits and flexible eligibility criteria, therefore, I feel it is the best LIC pension plan in India. I hope you know which is the best pension plan in LIC now.

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