Lic Pension Plans vs Go Digit Life Insurance

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Lic Pension Plans vs Go Digit Life Insurance

COMPANY DETAILS Edit LIC Pension Plan

Lic Pension Plans

Edit Go Digit Life Insurance Company

Go Digit Life Insurance

Rating
Number of life insurance plans and add-ons
Annual Premiums Collected (2024-25)

Annual Premiums Collected (2024-25)

Rs 1 lakh to No limit

Annual Premiums Collected (2024-25)

1069.41 crores
Payout Options

Payout Options

-

Payout Options

-
Claim ratio

Claim ratio

Minimum Age- 30 year%

Claim ratio

99.53%%
Solvency Ratio

Solvency Ratio

85 years

Solvency Ratio

3.85
Branches

Branches

Annual, half-yearly,

Branches

75
Riders Available

Riders Available

10 to 30 years

Riders Available

Go Digit Accidental Death Rider, Go Digit Accidental Disability Rider, Go Digit Critical Illness Rider
Policy Term

Policy Term

10 to 40 years

Policy Term

1 to 55 years
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3 Best LIC Pension Plans

3 Best LIC Pension Plans

Overview

LIC Pension Plan

LIC Pension Plans are designed to secure your future after retirement. These policies are ideal for senior citizens and those planning a secure future, ensuring they can continue to enjoy the best things in life. LIC (Life Insurance Corporation of India) is one of the oldest and most trusted insurance providers. LIC pension plans are developed after extensive research and have helped millions of senior citizens across the country. LIC Pension schemes are versatile, meeting the evolving needs of every generation. Currently, the Life Insurance Corporation of India offers 4 LIC retirement plans that provide a steady flow of income to individuals in their second innings of life post-retirement.

LIC Pension Plans ensure your insurance needs are met by offering:

  • Secure a regular income with LIC pension plans
  • Easy process
  • A good investment for corporate employees
  • Lifetime Payout

Riders

Riders You Can Avail With Go Digit Life Insurance Plans

You can avail the following riders with Go Digit Life Insurance plans:

Name of the Rider Benefits
Go Digit Accidental Death Rider Offers additional benefits if the policyholder dies due to an accident.
Go Digit Accidental Disability Rider This rider offers the rider sum assured if the policyholder becomes partially or totally disabled due to an accident.
Go Digit Critical Illness Rider If the policyholder is diagnosed with any critical illness mentioned in the brochure, rider benefits are paid.

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Go Digit Life Insurance Company

Go Digit Life Insurance Company offers multiple life insurance products, including term insurance plans, ULIPs, endowment plans, and savings plans, that are easy to understand.

Plans

The Digital Icon Guaranteed Return Savings Plan by Go Digit Life Insurance is a non-linked investment plan. Your funds are not affected by market cond...

Unique Features

  • Guaranteed Returns
  • 2x Sum Assured on Death
  • Comprehensive Life Cover

Digital Icon Guaranteed Return Savings Plan (Pros)

Digital Icon Guaranteed Return Savings Plan
  • Guaranteed Returns
  • 2x Sum Assured on Death
  • Comprehensive Life Cover

Digital Icon Guaranteed Return Savings Plan (Cons)

Digital Icon Guaranteed Return Savings Plan
  • Pre-existing condition limitations
  • Suicidal exclusion
  • No auto-cover continuance

Digital Icon Guaranteed Return Savings Plan (Other Benefits)

Digital Icon Guaranteed Return Savings Plan
  • Choice of Payment
  • Multiple Plan Options
  • Choice of Policy Tenure

Digital Icon Guaranteed Return Savings Plan (Eligibility Criteria)

Digital Icon Guaranteed Return Savings Plan
  • Minimum entry age: 18 years
  • Maximum entry age: 65 years
  • Minimum sum assured: Depends on minimum premium
  • Maximum sum assured: No limit
  • Maximum policy term: 40 years.
Naval Goel

Reviewed By: Naval Goel

Naval Goel is the CEO & founder of PolicyX.com. Naval has an expertise in the insurance sector and has professional experience of more than a decade in the Industry and has worked in companies like AIG, New York doing valuation of insurance subsidiaries. He is also an Associate Member of the Indian Institute of Insurance, Pune. He has been authorized by IRDAI to act as a Principal Officer of PolicyX.com Insurance Web Aggregator.