Under this plan of LIC, a pension of about Rs 60 thousand can be availed even with a monthly investment of Rs 3000.
Pension Plan: After retirement, there is no job and no salary. In this situation pension remains the only source of income. Different types of pension plans are available in the market. Annuity, ULIP Traditional, NPS etc. Investors can choose these plans as per their convenience. By managing your expenses and earnings, you can save your remaining amount for future. LIC is also currently running this pension plan, one of which is Pension Plus Plan.
Know in detail about the plan
It is a market-linked fund, which gives returns by increasing the amount invested. A single premium amount can be paid to the policyholder. Apart from this, the option of monthly, half-yearly, annual and half yearly premium payment is also given, the minimum amount of single premium is Rs 1 lakh. Whereas the minimum amount for annual premium payment is Rs 30000, for half yearly premium it is Rs 16000, for half yearly premium it is Rs 9000 and the monthly premium amount is minimum Rs 3000. From 25 this year onwards, any person in the age group of 75 years can buy the policy. It becomes mature between the age of 35 to 85 years. The policy term ranges from 10 years to 42 years. The pension amount depends on your investments. There is no limit on maximum investment. This can be availed online by visiting the official website of LIC. This plan is not available through LIC agencies, brokers or banks. Under the plan, four options are given for investment in the fund. Which includes Pension Bond Fund, Pension Secure Fund, Pension Balance Fund and Pension Growth Fund. Both return and risk are different for everyone.
This is the calculation
If a person invests Rs 30,000 every year, he invests Rs 12.7 lakh in 42 years. This amount reaches Rs 59,92,991 at the time of maturity. According to this, the policy holder gets a pension of Rs 7, 06, 928 every year i.e. a pension of up to Rs 58,000 every month.
(Disclaimer: The purpose of this article is to share general information only. MP Breaking News does not recommend investing in any scheme or plan.)
