LIC Jeevan Suraksha plan is Deferred Annuit plan from LIC allows the policy holder to get a fixed annual income after the selected term. This non-unit linked pension plan creates the provision of pension for old age after certain vesting date. This is one of the best pension plan from Life insurance corporation of India.
LIC, India’s largest life insurer, launched LIC Jeevan Umang scheme on 16th May 2017. VK Sharma, chairman LIC, underscored that this new policy combines many features including endowment, whole-life and annuities. It is expected that this policy will double-dock the life insurance business in coming years.