Life Insurance starts, when life starts itself. As we all know LIC policy in India indulges to incorporated since 1956. Modern People want to secure their life in better way with nominal pay to maintain their critical situations. By the nominal monthly pay people have been secure their relative who depends upon them. There are many pension plans which make your life confident and smooth. 4 points to make you confident of opting for pension plans.
- Savings:
LIC Pension plans in Delhi are simple policy which will give automated long term saving benefits. You can also fix lump sum, or you can opt for premium every month. The premiums are generally small amount of money you pay every month or quarterly or every 6 months. The annuity generated from investing in retirement pension plan, can be of great advantage as it can be reinvested for generating steady cash flow, post retirement. - Negate Effect of Inflation:
Inflation is curse for any economy and your money. It often undermines your money value. However, pension plans are great investment tool which negate the bad effects of inflation. The pension plan provides one third of the money invested on retirement. The rest is kept intact to generate cash flow to meet recurring expenses. - Versatile Solution:
Retirement pension plans are of different nature, and are designed to suit different needs or requirements post retirement. There is retirement plans, where you can invest any sum of money say INR 5 lac and get annuity payments immediately. One can also opt for deferred annuity plan, where you can earn more interest before payout begins. - Insurance add on Pension Policy:
Pension plans are good insurance add on, as on retirement or death it provides one third of the money; whichever occurs earlier. So, the life insurance cover with pension plan is the best add on one can expect. LIC Kanyadaan plan in Delhi, believes that insurance add on is also necessary to look after the girl child especially in case of a misfortune occurs.
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