Lic Pension Plans
vs
Sbi Pension Plans

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Lic Pension Plans vs Sbi Pension Plans

Lic Pension Plans

LIC Pension Plans are designed to secure the future after retirement. These policies are most suited for senior citizens and those planning a secure future so that they never give up on the best things in life.

Sbi Pension Plans

COMPANY DETAILS Edit LIC Pension Plan

Lic Pension Plans

 Edit SBI Pension Plans

Sbi Pension Plans
Rating
Number of life insurance plans and add-ons
Annual Premiums Collected (2023-24)

Annual Premiums Collected (2023-24)

Rs 1 lakh to No limit

Annual Premiums Collected (2023-24)

Rs 1 lakh to No limit
Payout Options

Payout Options

-

Payout Options

-
Claim ratio

Claim ratio

Minimum Age- 30 year%

Claim ratio

Minimum Age- 30 year%
Solvency Ratio

Solvency Ratio

85 years

Solvency Ratio

85 years
Branches

Branches

Annual, half-yearly,

Branches

Annual, half-yearly,
Riders Available

Riders Available

10 to 30 years

Riders Available

10 to 30 years
Policy Term

Policy Term

10 to 40 years

Policy Term

10 to 40 years

Know More About Companies

Overview

LIC Pension Plan

LIC Pension Plans are designed to secure the future after retirement. These policies are most suited for senior citizens and those planning a secure future so that they never give up on the best things in life. LIC (Life Corporation of India) is one of the oldest and most trusted insurance providers. The LIC Pension Scheme will help you in the golden years of your life. LIC pension plans are designed after extensive research and have been able to help millions of senior citizens across the country. LIC Pension schemes are versatile that meet every generation's evolving needs. Currently, 4 LIC retirement plans offered by the Life Insurance Corporation of India provide a steady flow of income to individuals in their second innings of life post-retirement.

LIC Pension Plan ensures to look after your insurance needs by offering:

why-choose

  • Secure a regular income with LIC pension plans

  • Easy process

  • A good investment for corporate employees

  • Lifetime Payout

 

Riders

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SBI Pension Plans Plans

SBI Pension Plans

SBI Retire Smart

SBI Retire Smart

SBI Life Retire Smart Plan is a unit-linked non-participating pension plan that guarantees 101% of all premiums paid by the policyholder on maturity a...

Unique Features

  • Protection After Retirement For Better Tomorrow
  • The Plan Offers Guaranteed Additions Available
  • Get The Tax Benefit On Premium Paid

SBI Retire Smart (Pros)

SBI Retire Smart

SBI Retire Smart (Cons)

SBI Retire Smart

SBI Retire Smart (Other Benefits)

SBI Retire Smart

SBI Retire Smart (Eligibility Criteria)

SBI Retire Smart

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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.

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