New Delhi: Prime Minister Narendra Modi on Tuesday said India has no intention of exploiting any country's resources and is not eyeing anyone's territory, basing its relationships not on "profit or loss" but on humanity.

 

Addressing the first PIO Parliamentarians Conference here, he said India has always played a constructive role in the world arena

 

If any philosophy can counter extremism and radicalisation, it is Mahatma Gandhi's and India's philosophy of non-violence and 'satyagraha', he noted

 

"We neither have the intention of exploiting anyone's resources nor are we eyeing anyone's territory. Our focus has always been on capacity building and resource development," the prime minister said

 

The comments come in the wake of increasing border tensions in certain sectors of India's border with China

 

"India is that country which has always played a constructive role in the world arena. We have not weighed our policy towards any country on profit or loss basis, but have viewed it from the prism of human values." 

 

India's model of development aid, he added, is not based on give and take, but depends on the needs and priorities of countries

 

"At a time when the world is divided by ideologies, India believes in the mantra of 'sabka saath, sabka vikas'," he said

 

When concerns over extremism and radicalisation in the world are increasing, India's message of inclusiveness can go out to the world, he told the parliamentarians

 

"If there is any philosophy to counter radicalisation and extremism, it is the philosophy of Mahatma Gandhi and the philosophy of Indian values," he said

 

India, with its rich values and traditions, has the power to lead and guide the world dealing with instability, Modi said

 

According to the prime minister, the 21st century is known as the Asian century and India has an important role to play in it

 

Persons of Indian origin can take pride in the country's increasing strength worldwide, he told the gathering

 

Modi also called on Indian origin lawmakers from across the world to be partners in India's development and act as catalysts in the country's economic growth

 

Over half the total investment into the country came in only the last three years with a record USD 16 billion of foreign direct investment (FDI) last year

 

All this has happened due to far-reaching policy changes ushered in by his government, with "reform and transform" being its guiding principle, the prime minister said

 

"India is changing, India is transforming. India has moved far ahead and Indian hopes are at the top and you will see the result of change in every sphere.

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(Press Release) - LIC’s Smart Pension Plan was launched at the hands of Mr. M. Nagaraju, Secretary, DFS, Ministry of Finance in the presence of Dr. M.P. Tangirala A.S.,DFS and Shri Parshant Kumar Goyal, JS, DFS alongwith Shri Siddhartha Mohanty, CEO&MD of LIC and other MDs of LIC at New Delhi on 18.02.2025. The LIC’s Smart Pension plan is a Non-Par, Non Linked, Individual/Group, Savings, and Immediate Annuity Plan that offers a range of annuity options for Single Life as well as Joint Life type of annuities.

Key Features:

 Single Premium, Immediate Annuity Plan

 Wide range of annuity options available to suit customers needs

 Minimum age at entry is 18 years and maximum age at entry varies from 65 to 100 years depending upon the Annuity Option

 Flexibility to choose from Single Life Annuity and Joint Life Annuity Options

 Incentive for existing Policyholder and Nominee/Beneficiary of the deceased Policyholder by way of enhanced annuity rate

 Several liquidity options available for partial / full withdrawal as per terms of policy

 Minimum Purchase Price is Rs. 1,00,000/- with incentives for higher purchase price

 Modes of Annuity Payments allowable are yearly, half yearly, quarterly or monthly. Annuity instalment as per chosen mode of annuity payment shall be calculated.

 There is an option to take immediate annuity by NPS subscriber is a special feature

 The option to take the plan for the benefit of dependant person with disability (Divyangjan) life is available under this plan

 The Plan can be purchased online at www.licindia.in

 The Policy loan shall be allowed at any time after three months from the completion of policy (i.e. 3 months from the date of issuance of policy) or after expiry of the free look period whichever is later under specified annuity options.

Benefits

On Survival of the annuitant: - The options available on Survival of the annuitant varies as per the Annuity option chosen by him at inception.

On death of annuitant (Primary /Secondary- as the case may be):- The amount payable after death of annuitant will be as per Option chosen by the Annuitant at the time of proposal. Options chosen for payment of death benefit may be Lumpsum or Annuitisation of Death Benefit or In Instalments or Liquidity option or Advanced Annuity option or Annuity Accumulation option.

This Plan can be purchased Offline through Agent / Other Intermediaries including Point of Sales Persons-Life Insurance (POSP-LI)/ Common Public Service Centers (CPSC-SPV) as well as Online directly through website www.licindia.in.

Dated at Mumbai on February 18th, 2025.

For Further Information please contact: Executive Director (CC), LIC of India, Central Office, Mumbai.

Email id: ed_cc@licindia.com

Visit us at www.licindia.in