Planning for retirement is one of the most important decisions anyone can make. As an LIC Insurance Advisor, I provide detailed guidance and support for all annuity and pension-related services under LIC of India. My goal is to help you build a stable and reliable income source for your golden years.
I am Shankar Krishna Sawant, based in Bardez, North Goa, and I advise individuals and families on how to plan their future using LIC's trusted pension and annuity plans. Whether you're preparing for retirement, already retired, or planning for a spouse’s security, I am here to make the process easy to understand and manage.
An annuity is a financial product that gives you regular income after investing a lump sum amount or over a fixed period. A pension plan helps you accumulate wealth during your working years and gives you income after retirement.
Both options ensure you don’t have to depend on others in old age. I help you select the most suitable plan based on your age, risk tolerance, income, and future expectations.
LIC provides several annuity options. I help you understand the following:
Immediate Annuity – Starts income immediately after investment
Deferred Annuity – Income starts after a chosen deferment period
Single Life Annuity – Pension stops after the annuitant's death
Joint Life Annuity – Pension continues for spouse after death
Return of Purchase Price – Money invested is returned to nominee
Each option has specific benefits, and I explain everything in simple terms to help you choose wisely.
When you invest in a LIC pension plan, you enjoy:
Guaranteed regular income
Multiple payout options (monthly, quarterly, half-yearly, yearly)
Tax benefits under applicable sections
Financial independence in old age
Lifetime protection for spouse (in joint life annuity)
My role is to ensure that you understand the terms, payouts, and long-term advantages of each option. I do not rush the process—I focus on what is right for you and your family.
Here’s how I assist with pension and annuity matters:
Plan selection as per individual retirement goals
Assistance in filling proposal forms
Document verification and KYC process
Annuity activation and follow-up
Help with changes in nominee or bank details
Information on survival benefit or maturity payouts
Guidance for pension plan renewal
I also offer clarity on tax implications, policy terms, and pension benefits for senior citizens and their dependents.