This scheme is LIC Saral Pension Plan, which guarantees pension every month on retirement. Its special feature is that you can invest in it only once and you will keep getting pension throughout your life.
After retirement, a certain amount is required so that financial strength can be achieved in old age. To plan retirement, people today are investing in the stock market as well as government schemes. Due to the risk in the stock market, most people choose government schemes. If you also do not want to take risk and want a fixed amount for retirement, then today we are telling you about a scheme of LIC, which will guarantee a fixed amount and there will be no risk.
This scheme is LIC Saral Pension Plan, which guarantees pension every month on retirement. Its special feature is that you can invest in it only once and you will keep getting pension throughout your life. LIC Saral Pension Plan is quite popular as a retirement plan. This scheme can provide you a pension of Rs 12000 every month after retirement.
If a person works in a private sector or government department and invests his PF fund and gratuity amount in it before retirement, then he will continue to get the benefit of pension every month throughout his life.
Features of LIC Saral Pension Yojana
Talking about this scheme of LIC, a person below 40 years of age cannot invest in it. At the same time, you can invest in it anytime till the age of 80 years. Under this policy, an annuity of Rs 1000 has to be purchased monthly. At the same time, an annuity of minimum Rs 3000 has to be taken on quarterly basis, Rs 6000 on half-yearly basis and Rs 12000 on annual basis.
How to get pension of Rs 12000?
In LIC’s Saral Pension Yojana, you can buy an annuity of at least Rs 12,000 per annum. There is no maximum investment limit under this scheme, you can invest as much as you want under this scheme. Under this policy plan, any citizen can avail annual, half-yearly, quarterly and monthly pension by paying the premium once. According to the LIC calculator, if any 42-year-old person buys an annuity of Rs 30 lakh, then he will get a pension of Rs 12,388 every month.
You can also take a loan
To buy this plan of LIC, you have to visit www.licindia.in. If 6 months have been completed under this policy, then you can also surrender it if needed. Also, you can also take a loan under this scheme. However, the loan amount will depend on your investment.
