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 continue to get pension throughout life.
A fixed amount is required after retirement, so that financial strength can be obtained in old age. To plan retirement, people today are investing in 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 continue to get pension throughout life. LIC Saral Pension Plan is quite popular as a retirement plan. This plan 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 get the benefit of pension every month for life.
Features of LIC Saral Pension Plan
Talking about this plan 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 maximum age of 80 years. Under this policy, an annuity of Rs 1000 has to be purchased monthly. At the same time, a minimum of Rs 3000 has to be taken on a quarterly basis, Rs 6000 on a half-yearly basis and Rs 12000 on an annual basis.
Also Read- SIP vs RD: All you need to know about which is better between SIP vs RD
How to get a 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 the benefits of 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.
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