New Delhi, Feb. 19 -- Life Insurance Corporation has rolled out LIC New Smart Pension Plan. It is a non-participating, non-linked, individual, savings, immediate annuity plan. This is a single premium immediate annuity plan.

The official website of the state insurer - last updated on Feb 18 - specifies that the plan offer a wide range of annuity plans, among which policholders can choose the ones which suit their needs.

If as an investor, you too are contemplating investing into this retirement plan, you can explore more in the information shared below:

Yes, the Joint Life annuity can be taken between any two lineal descendant/ascendant of a family (i.e. Grandparent, Parent, Children, Grandchildren) or spouse or siblings or Parent-in-l...