LIC’s great plan! Many types of facilities are provided to the customers by LIC. Today we tell you about such a pension scheme of LIC (LIC Pension Scheme), in which you get the benefit of pension every month. You have to deposit a lump sum amount in this wonderful scheme of LIC.
LIC Pension Plan: Many types of facilities are provided to the customers by LIC. Today we tell you about such a pension scheme of LIC (LIC Pension Scheme), in which you get the benefit of pension every month. You have to deposit lump sum money in this wonderful scheme of LIC and you start getting the benefit of pension only from the age of 40 years. The name of this policy of LIC is Saral Pension Yojana (LIC Saral Pension Yojana).
Single premium plan
LIC’s Saral Pension Yojana (Saral Pension) is a single premium pension plan, in which premium has to be paid once at the time of taking the policy. After this, you will continue to get pension for the whole life. If the policy holder dies, the amount of single premium is returned to his nominee. Saral Pension Yojana is an immediate annuity plan, that is, you start getting pension as soon as you take the policy. After taking this policy, the amount of pension that starts with, the same amount of pension is received for the whole life.
What should be the specialty of this plan-
- The minimum age limit for the benefit of this scheme is 40 years and the maximum is 80 years.
- In this policy, the benefit of pension is available for the whole life.
- The Saral Pension policy can be surrendered anytime after six months from the date of inception.
- You have the option of getting a minimum pension of Rs 1000 every month.
How much pension will you get?
Let us tell you that in this simple pension scheme, you can get a minimum pension of 1000 rupees. Your age is 40 years and you have deposited a single premium of Rs 10 lakh, then you will start getting Rs 50250 annually which will be available for life. Apart from this, if you want your deposited amount back in between, then in such a situation, after deducting 5 percent, you get back the deposited amount.
You will also get the benefit of the facility of loan.
The advantage of this pension of LIC is that you can also take advantage of loan on it. If you have any serious illness, then you can also take money for its treatment. Along with this pension plan, you are also given a list of serious diseases. On surrender of the policy, 95% of the base price is returned. You can apply for the loan after 6 months of starting the scheme.