LIC Saral Pension Scheme can be purchased by a person between the age of 40 years to 80 years. You can take this scheme alone or along with husband and wife.
LIC Saral Pension Scheme: Everyone saves some part of their earnings and invests it in such a place where their money is not only safe but also gets excellent returns. Some people choose schemes as a retirement plan, in which after retirement they get a fixed amount of money every month and they do not have to depend on anyone. Life Insurance Corporation (LIC), the country’s largest government insurance company, has policies for people of every age group. One of these is LIC Saral Pension Plan, which guarantees pension every month once invested.
Popular as a retirement plan
What makes LIC’s Saral Pension Scheme special is that it requires only one-time investment and pension is arranged for the whole life. This is the reason why LIC Saral Pension Plan is very popular as a retirement plan. This scheme, which gives fixed pension every month, fits perfectly into investment planning after retirement. Suppose any person has recently retired. If he can invest the money received from PF fund and gratuity during retirement, then he will continue to get the benefit of pension every month for the rest of his life.
This way you will get pension of Rs 12000 every month
In LIC Saral Pension Plan, you can buy annuity of at least Rs 12,000 annually. However, no limit on maximum investment has been set 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. He can buy annuity from 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 plan together
LIC Saral Pension Scheme can be bought by a person between the age of 40 years to 80 years. You can take this scheme alone or along with husband and wife. 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.
Pension and loan facilities throughout life
In this LIC scheme which guarantees pension throughout life, loan facility is also provided to the policyholder. Under Saral Pension Scheme, policyholders can also take a loan after six months. Another special thing in this simple 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.
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