LIC Saral Pension Scheme can be purchased by a person from the age of 40 to 80 years. You can avail this scheme alone or as a husband and wife together.
Everyone saves some amount from their earnings and invests it in such a place where their money is not only safe but also gets great returns. Some people choose schemes as a retirement plan, in which they get a fixed amount every month after retirement and they do not have to depend on anyone. The country’s largest government insurance company, Life Insurance Corporation (LIC), has policies for people of every age group. One of these is LIC Saral Pension Plan, which guarantees pension every month once you invest.
Popular as a retirement plan
What makes LIC’s Saral Pension Plan special is that it requires investment only once and pension is arranged for life. This is the reason why LIC Saral Pension Plan is very popular as a retirement plan. This scheme, which gives a fixed pension every month, fits perfectly in post-retirement investment planning. Suppose any person has recently retired. If he can invest the money received from PF fund and gratuity during retirement in it, then he will continue to get the benefit of pension every month for life.
This is how you will get pension of Rs 12,000 every month
In LIC Saral Pension Plan, you can buy an annuity of at least Rs 12,000 per annum. However, no limit has been set for maximum investment in this plan, that is, you can invest as much as you want and get pension according to that investment. In this scheme, any person can get pension on annual, half-yearly, quarterly or monthly basis after paying the premium once. He can buy annuity with this lump sum investment. According to LIC Calculator, if any 42-year-old person buys an annuity of Rs 30 lakh, then he will get Rs 12,388 every month as pension.
Husband and wife can take the plan together
LIC Saral Pension Scheme can be purchased by a person from the age of 40 to 80 years. You can take this scheme alone or husband and wife together. In this, the policyholder is also given the facility to surrender anytime after six months from the date of commencement of the policy. Apart from this, in case of death benefit, if the policyholder dies, the investment amount is returned to his nominee.
Lifelong pension and loan facility also available
In this LIC scheme, which guarantees pension throughout life, the facility of loan is also provided to the policyholder. Under the Saral Pension Scheme, policyholders can also take a loan after six months. Another special thing in this Saral Pension Scheme is that the amount of pension you start getting, you will continue to get the same amount throughout your life. To buy this plan online, you can visit the official website of LIC www.licindia.in.
