LIC’s Smart Pension.: Single Premium Immediate Annuity Plan..!
LIC’s
Smart Pension is a Non-Par, Non-Linked, Individual/ Group, Savings, Immediate
Annuity plan that offers a range of annuity options for Single Life as well as
Joint Life type of annuities.
The Joint
Life annuity can be taken between any two lineal descendant/ascendant of a
family (i.e. Grandparent, Parent, Children, Grandchildren) or spouse or
siblings or Parent-in-law.
The
annuity rates under all annuity options are guaranteed at the inception of the
policy.
This is a
non-par product under which benefits payable on death or survival are
guaranteed and fixed (as per the chosen Annuity Option) irrespective of actual
experience. Hence the policy is not entitled to any discretionary benefits like
bonus etc. or share in Surplus.
KEY FEATURES:
• Single Premium Immediate Annuity
Plan
• Wide range of annuity options to
suit your needs
• Flexibility to choose from Single
Life Annuity and Joint Life
Annuity Options
• Mode of Annuity payments - yearly,
half-yearly, quarterly and monthly
• Incentives for higher Purchase
Price
• Incentive for existing Policyholder and Nominee/
Beneficiary of the deceased
Policyholder
• Options Available:
o Liquidity Option
o Advanced Annuity Option
o Annuity Accumulation Option
• Options available for payment of
Death Benefit (if any):
o Lumpsum Death Benefit
o Annuitisation of Death Benefit
o In instalments
Annuity Options:
The Policyholder has following
Annuity Options available to choose from:
Annuity
Type Annuity Options: Single
Life Option-
A Life annuity
Option-
B1 Annuity Certain for 5 years and
life thereafter
Option-
B2 Annuity Certain for 10 years and
life thereafter
Option-
B3 Annuity Certain for 15 years and
life thereafter
Option-
B4 Annuity Certain for 20 years and
life thereafter Option-
C1 Life Annuity increasing at a
simple rateof 3% p.a.
Option-
C2 Life Annuity increasing at a
simple rate of 6% p.a.
Option-
D Life annuity with Return of Balance
Purchase Price
Option-
E1 Life annuity with 50% Return of
Purchase Price after attaining age 75 years
Option-
E2 Life annuity with 100% Return of
Purchase Price after attaining age 75 years
Option-
E3 Life annuity with 50% Return of
Purchase Price after attaining age 80 years
Option-
E4 Life annuity with 100% Return of Purchase Price after attaining age 80 years
Option-
E5 Life annuity with 5% Return of
Purchase
Price each year after attaining age
76 years to 95 years Option-
F Life annuity with Return of
Purchase Price
Minimum Purchase Price Rs.1,00,000
Mode of Annuity payment: The available modes of annuity payment are yearly, half-yearly,
quarterly, and monthly. The Annuity shall be payable in arrears i.e. the
annuity payment shall be after 1 year, 6 months, 3 months and 1 month from the
date of commencement of policy depending on whether the mode of annuity payment
is Yearly, Half yearly, Quarterly and Monthly respectively.
For invest and more details contact
S. Karthikeyan, Founder - Mentor
WINWORTH, https://winworthwealth.com/
OFFICE:
10-B, 1st Floor, Tharamani 100 Feet
Road, Baby Nagar, Velachery, Chennai - 600042
+91 98409 36032 / 044 42180009
Fellow Chartered Accountant S.
Karthikeyan is the Founder of WINWORTH. Financial Advisor from the
esteemed Asia Pacific region Singapore Financial Services Associate.
He has visited over 15 nations, some of which are from the US, the UK, Dubai,
Hong Kong, etc. and took part in numerous workshops, primarily on insurance as
a business trip.
He began his profession as a regular person with a strong desire to succeed
constantly. He founded the WINWORTH Company, a wealth solution company, in 1991
with the aim of serving people and ensuring that everyone is a wealthy person.
As a writer and columnist, he is well-known among Tamil readers for his 52-week
Blank Cheque series of articles in Kumudham and his two-week pieces regarding
real estate and loan savings. WINWORTH has offered unfiltered and unbiased
financial guidance to people and companies for more than 30 years.
It is a state-of-the-art financial planning company that looks for the best
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Our primary goal is "How to make
ten crores in fifteen years of your life ". However, it can't be
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methods. Investments and that's the position we take!
Winworth's experience managing the finances of NRI clientele both outside
and in India.
