Life Insurance Corporation (LIC), the country's largest government insurance company, offers policies for every age group. Through investment in this, along with the benefit of tax benefits, fat funds are also available. The most important thing about LIC's schemes is that the investment made in it is completely safe and gives good returns. One such policy is the LIC Saral Pension Plan, which has many benefits and the biggest of these is that once you invest, you do not have any tension of money in old age and you continue to get a pension throughout your life...
These facilities make this scheme popular
The age limit for LIC Saral Pension Plan has been fixed from 40 years to 80 years. You can take this policy alone or together with husband and wife. The policyholder gets the facility that this policy can be surrendered anytime after six months from the date of inception. At the same time, the death benefit is also given in this i.e. if the policyholder dies, then the investment amount is returned to his nominee. This is a guaranteed pension scheme for people who are worried about retirement, which proves to eliminate money tension in old age.
This minimum investment will have to be done in the policy.
In LIC's simple pension scheme, you can buy an annuity of at least Rs 12,000 annually. No maximum limit has been fixed for investment in this scheme. Meaning you can invest as much as you want and get a pension accordingly. Under this plan, after paying the premium once, one can get a pension on a yearly, half-yearly, quarterly or monthly basis. Along with this, you will also get the facility of a loan on buying this policy. Policyholders can also take a loan after six months under Saral Pension Yojana.
This LIC scheme is a vested retirement plan.
Everyone wants that there is no shortage of money after retirement and regular money should be available every month for expenses. Accordingly, LIC Saral Pension Plan is best suited for post-retirement financial planning. The policy of investing lump sum amounts under this scheme is also effective for people who are retiring. Suppose a person has recently retired and if he has invested some of the PF fund and gratuity money received during retirement, then he will start getting a pension and the amount of pension will be the same. He will get the money for the rest of his life.
This is how you will get Rs 12000 pension every month
Under this scheme of LIC, an annuity can be purchased by making a lump sum investment once. If you look at the pension benefits in this plan, according to LIC Calculator, if any 42-year-old person buys an annuity of Rs 30 lakh, then he will get a guaranteed amount of Rs 12,388 as a pension every month and will continue to get it for life. To buy this plan online, you can visit LIC's official website www.licindia.in.
