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.
LIC Special Scheme: 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.
