Map future spending
Consider household expenses, healthcare, dependants and major commitments without assuming today’s costs will remain unchanged.
PLAN FOR LIFE AFTER YOUR LAST PAYDAY
Your salary may stop. Your everyday expenses will not.
Retirement planning connects future living costs, healthcare needs and the income sources you expect to have. Explore the role of savings, pension options and access to money before choosing a product.
A CONVERSATION BEFORE A COMMITMENT
Plan the income and the flexibility.
Estimate essential spending and identify existing retirement income first. Then discuss any gap, the timing of income, inflation and money needed for emergencies. A pension or annuity product is one part of that conversation, rather than a complete answer for every need.
Compare income options
Understand immediate versus deferred income, the chosen annuity option and what happens on the policyholder’s death.
Keep liquidity in view
Ask about access to capital, surrender conditions, charges and whether the selected product fits emergency needs.
TAKE THESE QUESTIONS TO YOUR ADVISOR
A better decision starts with a clearer checklist.
You do not need to choose a product before asking questions. Start with what you want to understand.
Request a conversation ↗- When would you like retirement income to begin?
- Which income sources and savings do you already have?
- How could inflation change the cost of your essentials?
- Does the selected option provide for a spouse?
- What capital access, death benefits and restrictions apply?
A LITTLE MORE CLARITY
Your questions, answered.
Do all pension plans pay in the same way?+
No. Income commencement, payment frequency, options and death benefits depend on the particular product and option chosen.
Does an annuity automatically protect against inflation?+
Do not assume so. Check whether the payment is level or changes under a specific option and consider the effect of rising living costs.
Where can I check current LIC pension products?+
Use LIC’s official pension plan list and the current brochure for the product you are considering. Availability and terms must be confirmed before a decision.
This is an educational planning conversation, not a pension quotation or product recommendation. Any income guarantee is limited to the selected policy’s contractual terms. No return is promised by this demo.
Read official information & sources
General sources reviewed 5 November 2026. Read current documents before a decision. Images are illustrative; advisor identity and authorisations remain placeholders.
YOUR GOALS. YOUR QUESTIONS. YOUR NEXT STEP.
Let’s make the conversation useful.
Share the topic you would like to understand. Do not send financial, medical or identity documents through this sample.
KEEP EXPLORING
Another part of your plan.
↗
Life Insurance & LIC Plans
PROTECT THE PEOPLE WHO DEPEND ON YOU
↗Mutual Funds
GIVE EACH GOAL A TIME HORIZON
↗General Insurance
THE EVERYDAY DESERVES PROTECTION TOO
↗Retirement & Pension
PLAN FOR LIFE AFTER YOUR LAST PAYDAY
↗Home Insurance
A HOME IS MORE THAN ITS WALLS
↗Health Insurance
MAKE ROOM FOR CARE IN YOUR FINANCIAL PLAN