LIC of India introduces New Pension Plus – an NPS alternative with additional benefitsthe Like National Pension System (NPS), LIC’s New Pension Plus (NPP) also provides pension seekers various investment options. LIC's New Pension Plan (NPP) may be used by individuals to build corpus by systematic and disciplined savings, which can be converted into regular income as annuity on retirement or even as early as 35 years of age. The Life Insurance Corporation (LIC) of India has introduced New Pension Plan (NPP) – a non-participating, unit linked, individual pension plan – that may be used by individuals to build corpus by systematic and disciplined savings, which can be converted into regular income as annuity on retirement or even as early as 35 years of age. Like the National Pension System (NPS), LIC’s New Pension Plus (NPP) also provides pension seekers various investment options, out of which an investor may select the one that suits his/her risk appetite and ri...