Introduction

Explanation of pension plans
The role of pension plans in retirement security
Section 1: Understanding Pension Plans

Definition and purpose of pension plans
Types of pension plans available
Section 2: Key Features of Pension Plans

Regular income post-retirement
Tax benefits
Investment growth over time
Section 3: LIC’s Pension Plan Offerings

Overview of LIC as a trusted insurance provider
Section 4: LIC Jeevan Dhara II

Key Features:
Savings and annuity plan
Guaranteed annuity options
Eligibility Criteria:
Entry age: 20 years
Maximum entry age varies with annuity option1
Bonuses and Returns:
Higher annuity rates at older ages
Life cover throughout the deferment period
Section 5: LIC’s Saral Pension

Key Features:
Non-linked, individual immediate annuity plan
Lump sum payment option2
Eligibility Criteria:
Entry age: 18 to 65 years
Annuity options with return of purchase price3
Bonuses and Returns:
Guaranteed steady income stream for life4
Section 6: LIC’s Jeevan Akshay-VII

Key Features:
Immediate annuity plan with multiple options
Non-linked, non-participating5
Eligibility Criteria:
Entry age: 30 to 85 years
Minimum purchase price: Rs. 1,00,0005
Bonuses and Returns:
Annuity payable for life with various options5
Section 7: LIC’s New Jeevan Shanti

Key Features:
Deferred annuity plan
Option for single or joint life annuity6
Eligibility Criteria:
Flexible premium payments
Incentive for higher purchase6
Bonuses and Returns:
Annuity payments throughout the life of the annuitant6
Section 8: LIC’s Jeevan Utsav

Key Features:
Whole life insurance with savings
Regular or Flexi Income Benefit options7
Eligibility Criteria:
Entry age: 90 days to 65 years
Premium paying term: 5 to 16 years8
Bonuses and Returns:
Guaranteed additions during the premium paying term9
Section 9: LIC’s Jeevan Umang

Key Features:
Whole life assurance plan
Dual benefit of income and insurance protection10
Eligibility Criteria:
Entry age: 90 days to 55 years
Policy term: 100 years minus age at entry11
Bonuses and Returns:
Annual survival benefits from the end of the premium payment term11
Conclusion

Recap of the importance of pension plans
Encouragement to consult with a financial advisor