LIC Agent in Nagpur

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LIC Insurance Pension Scheme for Professional :
The Webster’s English dictionary defines the word pension as a fixed sum paid regularly, especially to a person retired from work.
A Pension Plan is a plan or a product, that promises you a pension i.e. a fixed regular income after you retire, for a certain period of time. You invest in the pension plan by paying a regular premium or amount. Your amount is invested so that it grows. When you retire, your invested amount would have grown to a certain amount. From this amount, called annuity  It is in an annuity scheme, from which you draw down certain income on a regular basis. These plans are offered by
  • Life insurance companies,
  • Mutual funds
  • Indian Government ex: National Pension Scheme or NPS

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