Life Insurance Corporation of India (LIC) has launched the Smart Pension Plan. It is a single-premium annuity plan, which means that customers pay a one-time premium and receive regular payouts as ...

People working in the private sector do add retirement funds for themselves, but are worried about regular income, which ...

Life Insurance Corporation of India (LIC) has introduced Nav Jeevan Shree and Nav Jeevan Shree Single Premium, two non-par, non-linked individual plans combining both savings and protection features.

Those who don’t want to keep paying the premium every year will find the Nav Jeevan Shree Plan 911 more suitable. It is a single premium policy that works on the fill-it-shut-it-forget-it principle.

Data shared by LIMRA Secure Retirement Institute (LIMRA SRI) shows U.S. single premium pension buy-out sales totaled $13.7 billion during 2016, “almost one percent higher than prior year and the ...

Single-Premium Plans: Under this kind of plan, when the policyholder pays out the premium in one go, the policy can be surrendered post in the second year of purchase.