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RETIRE & ENJOY

Home Policies RETIRE & ENJOY

Now About RETIRE & ENJOY

Calculate your Premium for this plan

  • This is a wonderful concept to enjoy a happy independent retired life for yourself and your spouse.
  • Objective of this proposal is to provide financial security to your family.
  • Provides a high risk cover which increases automatically with time.
  • No premiums have to be paid from your own income when you starts receiving pension.
  • Surrender and Loan facility is also available after 3 years.
  • Double tax benefit of section 80 C & 10 (10 D).
  • This combo gives high risk cover along with high tax free maturity.

    An Illustration: An example for a person aged 35 years at the Basic Sum Assured (BSA) of 13 Lacs with a yearly premium budget of ₹ 50,000 only.

    “RETIRE & ENJOY”
    Age at which pension is receivable Pension amount receivable ₹
    58 Years 1,80,000
    59 Years 1,98,000
    60 Years 2,17,000
    61 Years 2,36,000
    62 Years 2,55,000
    63 Years 2,75,000
    64 Years 2,95,000
    65 Years 3,17,000
    66 Years 3,45,000
    67 Years 3,73,000
    68 Years 4,07,000
    69 Years 4,30,000
    70 Years 4,53,000
    Total Premium Paid: ₹11,40,000 Total Pension Received: ₹40,00,000

    Disclaimer: “Retire & Enjoy” is a concept name only and it’s not a direct product of LIC, this is a combination of Plans and the Plans used for this combination are of LIC of INDIA.