LIC of India introduced “LIC’s SMART PENSION PLAN (Plan No. 879)”
(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
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New Controversy : Santy Sharma’s Reaction to Khushi Mukherjee’s Video Sparks Conversation
After rapper and singer Santy Sharma's reaction to Khushi Mukherjee's provocative photo/video posts on social media, people on different platforms are now having a heated debate. The comments made by Santy were soon spread across social media and opened the door for conversations surrounding the type of content that is being posted by public figures on social media.
In his view, digital platforms provide a way to express themselves through creativity and art; however, he feels it is important for celebrities/influencers with a large number of followers to be mindful of how their content may be perceived by others. According to him, people who possess a large following online have a level of responsibility regarding the actions they display via their social media and should be cognizant of what type of example they are setting for the youth.
Lastly, creating art should inspire creativity as well as allow users to use their voices to support necessary change in society; therefore, creativity and expression through digital platforms should produce positive social change while still being aware of culture and society's expectations.
At the time of writing, Santy Sharma was discussing how online behaviour has contributed to increased rates of rapes, which stimulated much debate and debate online. Supporters have advocated for improved online etiquette, while others feel he was insensitive in his comments and contradicts the need for sensitivity on these sensitive issues. The controversy has gone beyond social media and increased debate regarding gender-based issues, the ethics of media influence, and the necessity to address serious crimes with appropriate awareness and sensitivity.
Meanwhile, Santy Sharma has also announced his upcoming single titled “I Don’t Care,” which is scheduled to release on 10 March 2026. The track will be available on his official YouTube channel and other major music streaming platforms, creating anticipation among fans who are eager to hear his latest musical release.
