This scheme gives you a pension of Rs 12000 every month after retirement, know how much you will have to invest.

Life Insurance Corporation of India (LIC) has launched a scheme for every category of people. Schemes like pension are also offered by LIC. In such a situation, if you are looking for a pension plan then LIC plan can be good for you. There will be no risk in this and you will continue to get the benefit of pension every month under regular income. Let us know everything about this scheme.

This scheme is LIC Saral Pension Scheme, which guarantees pension every month on retirement. Its special thing is that you can invest in it only once and you will continue to get pension throughout your life. LIC Saral Pension Yojana is quite 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 easy way that how you can avail the benefit of pension of Rs 12000 after retirement.

If a person works in the private sector or government department and invests his PF fund and gratuity amount in it before retirement, he will continue to get the benefit of pension every month throughout his life.

Features of LIC Saral Pension Plan

Talking about this scheme of LIC, a person below 40 years of age cannot invest in it. Maximum you can invest in it anytime till the age of 80 years and under this policy you have to buy an annuity of Rs 1000 every month. Whereas a minimum annuity of Rs 3000 has to be taken on quarterly basis, Rs 6000 on half yearly basis and Rs 12000 on annual basis.

How to get Rs 12000 pension?

In LIC’s Saral Pension Scheme, you can buy annuity of at least Rs 12 thousand annually. There is no maximum limit for investment 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 premium once. According to LIC calculator, if a 42 year old person buys an annuity worth 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 go to www.licindia.in. If 6 months have been completed under this policy, then you can surrender it if needed. Besides, you can also take loan under this scheme. However, the loan amount will depend on your investment.