Lic Pension Plans vs Pnb Investment Life Insurance 2026 | PolicyX

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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
COMPANY DETAILS ✎ Edit

Lic Pension Plans

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Pnb Investment

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)

₹ Rs 1.5 lakhs to No limit
Payout Options

Payout Options

-

Payout Options

-
Claim ratio

Payout Options

Minimum Age- 30 year%

Payout Options

Minimum Age - 3 year%
Solvency Ratio

Solvency Ratio

85 years

Solvency Ratio

80 years
Pan India Presence

Pan India Presence

Annual, half-yearly,

Pan India Presence

Annually, quarterly,
Riders Available

Riders Available

10 to 30 years

Riders Available

Minimum term: 6 years. Maximum term: 30 years.
Policy Term

Policy Term

10 to 40 years

Policy Term

5 to 10 years
Inception year

Inception year

-

Inception year

-
Complaint ratio per ₹1 crore of premium collected

Complaint ratio per ₹1 crore of premium collected

-

Complaint ratio per ₹1 crore of premium collected

-
Average claim settlement time

Average claim settlement time

-

Average claim settlement time

-
IRDAI registration number

IRDAI registration number

-

IRDAI registration number

-
Awards and recognitions

Awards and recognitions

-

Awards and recognitions

-
Recommended Videos
Best 3 LIC Pension Plans 2025 | BEST LIC Pension Plans for 2025 | Top LIC Pension Plans

Best 3 LIC Pension Plans 2025 | BEST LIC Pension Plans for 2025 | Top LIC Pension Plans

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Types of PNB Investment Plans Plans

Every plan currently being sold by PNB Investment Plans, shown side-by-side so you can shortlist quickly.

PNB Metlife Mera Wealth Plan

Mera Wealth Plan is a ULIP (Unit Linked Life Insurance Plan) that covers your family financially if something happens to you and o... Read More

Unique Features

  • Loyalty additions
  • Dual benefits
  • Partial withdrawals
Sum AssuredMinimum entry age: 30 days
Entry AgeMaximum entry age: 60 years
View plan

PNB Metlife Super Saver Plan

Save more with PNB MetLife Super Saver Plan and protect your family in your absence. The PNB MetLife Super Saver plan is a long-te... Read More

Unique Features

  • Waiver of Premium
  • Yearly Cash Bonuses
  • Choice of Plan Options
Sum AssuredMinimum entry age - 0 years
Entry AgeMaximum entry age - 60 years
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PNB MetLife Bachat Yojana

To save more, invest smartly with the PNB MetLife Bachat Yojana.PNB MetLife Bachat Yojana plan is a long-term savings plan with th... Read More

Unique Features

  • Long-term Savings Plan
  • Earn Cash Bonuses Yearly
  • Lower Premiums
Sum AssuredMinimum Entry Age: 20 years
Entry AgeMaximum Entry Age: 60 years
View plan

PNB MetLife Guaranteed Savings Plan

PNB MetLife Guaranteed Savings Plan is an individual, non-participating, non-linked savings-plus-life insurance policy. By serving... Read More

Unique Features

  • Get Guaranteed Benefits & Yearly Bonuses on Your Savings
  • Rebates on High Sum Assured
  • 2 Add-on Riders Available
Sum AssuredMinimum Entry Age: 3 years; Maximum Entry Age: 60 years; Minimum Sum Assured: Rs 1
Entry Age50
View plan

Life Insurance Articles

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Expert Reviewed

Reviewed By: Naval Goel

Naval Goel has over a decade of expertise in the insurance sector, having worked with companies like AIG, New York. He is an Associate Member of the Indian Institute of Insurance, Pune, and is authorized by IRDAI to act as Principal Officer of PolicyX.com Insurance Web Aggregator.

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