###_LIC's JEEVAN NIDHI (Pension) plan

• LIC's JEEVAN NIDHI is a with profits Deferred Annuity (Pension) plan.
• On survival of the policyholder beyond term of the policy the accumulated amount (i.e. Sum Assured + Guaranteed Additions + Bonuses) is used to generate a pension (annuity) for the policyholder.
• The plan also provides a risk cover during the deferment period.
• The plan being the pension can commence at 40 years.
• The premiums paid are exempt under Section 80CCC of Income Tax Act.