{"id":1031,"date":"2022-09-07T10:00:41","date_gmt":"2022-09-07T10:00:41","guid":{"rendered":"https:\/\/electronicwordsmith.com\/lic-of-india-introduces-new-pension-plus-an-nps-alternative-with-additional-benefits\/"},"modified":"2022-09-07T10:00:41","modified_gmt":"2022-09-07T10:00:41","slug":"lic-of-india-introduces-new-pension-plus-an-nps-alternative-with-additional-benefits","status":"publish","type":"post","link":"https:\/\/electronicwordsmith.com\/lic-of-india-introduces-new-pension-plus-an-nps-alternative-with-additional-benefits\/","title":{"rendered":"LIC of India introduces New Pension Plus \u2013 an NPS various with extra advantages"},"content":{"rendered":"
\n<\/p>\n
The Life Insurance coverage Company (LIC) of India has launched New Pension Plan (NPP) \u2013 a non-participating, unit linked, particular person pension plan \u2013 that could be utilized by people to construct corpus by systematic and disciplined financial savings, which might be transformed into common revenue as annuity on retirement and even as early as 35 years of age.<\/p>\n
Just like the Nationwide Pension System (NPS), LIC\u2019s New Pension Plus (NPP) additionally gives pension seekers varied funding choices, out of which an investor might choose the one which fits his\/her danger urge for food and risk-taking capability.<\/p>\n
The funding choices obtainable are Pension Bond Fund, Pension Secured Fund, Pension Balanced Fund, Pension Development Fund and Pension Discontinued Fund.<\/p>\n