The Life Insurance Corporation (LIC) of India's New Pension Plus (Plan No. 867) is a non-participating

unit-linked individual pension plan that can assist a person in amassing a corpus via methodical and controlled saving. 

The capital built up through the years of premium payments can be changed into monthly income.

Customers have the option of purchasing this plan by making a single premium payment

According to information on the LIC website, the premium for the normal premium coverage

The customer can utilise the whole proceeds once the policy's term has ended to buy an instant or delayed

Additionally, they have the option to convert up to 60% of the fund and use the remaining funds to purchase 

The scheme has four investment options – Pension Growth Fund, Pension Bond Fund, Pension Secured Fund, and Pension Balanced Fund.