- This is a wonderful concept to enjoy a happy independent retired life for yourself and your spouse.
- Objective of this proposal is to provide financial security to your family.
- Provides a high risk cover which increases automatically with time.
- No premiums have to be paid from your own income when you starts receiving pension.
- Surrender and Loan facility is also available after 3 years.
- Double tax benefit of section 80 C & 10 (10 D).
- This combo gives high risk cover along with high tax free maturity.
An Illustration: An example for a person aged 35 years at the Basic Sum Assured (BSA) of 13 Lacs with a yearly premium budget of ₹ 50,000 only.
|“RETIRE & ENJOY”|
|Age at which pension is receivable||Pension amount receivable ₹|
|Total Premium Paid: ₹11,40,000||Total Pension Received: ₹40,00,00|
Disclaimer: “Retire & Enjoy” is a concept name only and it’s not a direct product of LIC, this is a combination of Plans and the Plans used for this combination are of LIC of INDIA.