This scheme can give you a pension of Rs 12000 every month after retirement. You can understand it in a simple way that how you can avail the benefit of a pension of Rs 12000 after retirement.
Life Insurance Corporation of India (LIC) has introduced a scheme for people of every class. Schemes like pension are also offered by LIC. In such a situation, if you are looking for a pension plan, then LIC’s plan can be good for you. There will be no risk in this and you will keep getting the benefit of pension every month under regular income. Let’s know everything about this scheme.
This scheme is LIC Saral Pension Plan, which guarantees pension every month on retirement. Its special thing is that you can invest in it only once and you will keep getting pension for life. LIC Saral Pension Plan is very famous as a retirement plan. This scheme can give you a pension of Rs 12000 every month after retirement. It can be understood in some simple way that how you can avail the benefit of pension of Rs 12000 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 the age of 40 years cannot invest in it. Maximum you can invest in it anytime till the age of 80 years and under this policy, an annuity of Rs 1000 has to be purchased monthly. At the same time, annuity of minimum Rs 3000 has to be taken on quarterly basis, Rs 6000 on half-yearly basis and Rs 12000 on yearly basis.
How to get pension of Rs 12000?
In LIC’s Saral Pension Yojana, you can buy annuity of at least Rs 12 thousand annually. 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 the benefit of annual, half-yearly, quarterly and monthly pension by paying the premium once. According to the LIC calculator, if a 42-year-old person buys an annuity of Rs 30 lakh, 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 surrender it if needed. Also, you can take a loan under this scheme. However, the loan amount will depend on your investment.
