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LIC New Pension Plus (Plan No. 867)

Unit linked pension plan – build a retirement fund, then convert it into pension.

LIC’s New Pension Plus (Plan 867) is a unit linked deferred pension plan. Your premiums are invested in funds of your choice to build a retirement corpus; at vesting, the corpus is used to buy an annuity (pension).

Plan nameLIC New Pension Plus
Plan number867
UIN512L347V01
CategoryPension & Annuity Plans

How LIC New Pension Plus works

  • Pay single or regular premium.
  • Money invested in chosen fund options.
  • At vesting, the corpus is converted into a pension (with part commutation as per rules).

Who should buy this plan?

  • People in their 30s and 40s building a retirement fund
  • Those comfortable with market-linked growth

Important points before you buy

  • Returns are market linked and not guaranteed.
  • 5-year lock-in applies.
Get your exact premium & maturity illustration: premium depends on your age, sum assured, term and health. WhatsApp your date of birth and required cover to +91 75085 67891 and get an official LIC illustration free.

Why buy LIC New Pension Plus through Vedpal Singh?

  • 20+ years of experience with LIC in the Chandigarh tri-city; Development Officer at LIC’s Manimajra branch.
  • Honest comparison of plans – we suggest what fits your goal and budget, including term cover where needed.
  • Doorstep service for proposal, KYC and medicals in Chandigarh, Mohali, Panchkula and Zirakpur.
  • Lifetime after-sales help: premium reminders, loans, nominee change, revival and claim support for your family.

Frequently asked questions

Yes, it is a ULIP pension plan – the fund value depends on market performance.

Call or WhatsApp Vedpal Singh on +91 75085 67891. We explain the plan, prepare a benefit illustration for your age, complete the proposal form and documents, and help with medicals if needed – at your home or office in Chandigarh, Mohali, Panchkula or Zirakpur.

Usually Aadhaar, PAN, a photograph, address proof, income proof (for higher cover), bank details for premium/maturity and nominee details. Exact requirements depend on the plan and sum assured.

Premiums may qualify for deduction under Section 80C (old tax regime), and maturity/death benefits may be exempt under Section 10(10D), subject to conditions and limits under prevailing tax laws. Please confirm with your tax advisor.

Source: plan details summarised from LIC’s official plan list and brochures on licindia.in. Features, eligibility and rates may change – the latest LIC sales brochure prevails.

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IRDAI standard immediate pension plan with return of purchase price.

Get LIC New Pension Plus Quote

Apni details bhejiye – Vedpal Singh aapko call karke sahi plan batayenge.

Aapki details safe hain – sirf policy advice ke liye use hongi.

Nayi LIC policy lena chahte hain?

Free advice, sahi plan aur ghar baithe documentation – Vedpal Singh ke saath.

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