Unified Pension Scheme Details : Benefits & Drawbacks
The Unified Pension Scheme (UPS), approved by the Union Cabinet in August 2024, is a new retirement benefit program for central government employees that aims to provide assured pensions and…
LIC Saral Pension Scheme : Key Features & Benefits
LIC’s Saral Pension, launched on July 1, 2021, is a standardized immediate annuity plan designed to provide guaranteed pension benefits for individuals aged 40 to 80 years. As reported by…
LIC’s Jeevan Akshay – VII : Key Features & Benefits
LIC’s Jeevan Akshay – VII (Plan No. 857) is a single premium, non-linked, non-participating immediate annuity plan launched by the Life Insurance Corporation of India on February 28, 2023. This…
LIC New Jeevan Shanti Policy : Key Features & Benefits
LIC’s New Jeevan Shanti is a non-linked, non-participating, individual single premium deferred annuity plan that provides guaranteed lifetime income after a chosen deferment period. It offers two main options: single…
National Pension Scheme : Features & Benefits
The National Pension System (NPS) is a government-sponsored retirement savings scheme designed to provide financial security to Indian citizens in their post-retirement years. Regulated by the Pension Fund Regulatory and…