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Everyone saves some amount from their income and invests it in a place where their money is not only safe but also gets a great return. Some people choose such a scheme as a retirement plan in which they keep getting a fixed amount every month after retirement and they do not have to depend on anyone. The country's largest government insurance company, Life Insurance Corporation of India (LIC), has policies for people of every age group. One of these is LIC Saral Pension Plan, in which investing guarantees pension every month.
Popular as a retirement plan
The thing that makes LIC's Saral Pension Yojana special is that it requires investment only once and pension is arranged for life. This is the reason why LIC Saral Pension Yojana is very popular as a retirement plan. This scheme, which gives a fixed pension every month, fits perfectly in the post-retirement investment plan. Suppose a person has recently retired. If he can invest the money received from PF fund and gratuity during retirement in it, then he will continue to get the benefit of pension every month throughout his life.
This way you will get Rs 12,000 pension every month
In LIC Saral Pension Plan, you can buy an annuity of at least Rs 12,000 per annum. However, there is no maximum investment limit in this scheme, that is, you can invest as much as you want and get pension according to that investment. In this scheme, any person can get pension on annual, half-yearly, quarterly or monthly basis after paying the premium once. He can buy annuity with this lump sum investment. According to the LIC calculator, if a 42-year-old person buys an annuity of Rs 30 lakh, he will get Rs 12,388 as pension every month.
Both husband and wife can take the plan together
LIC Saral Pension Yojana can be purchased by a person aged between 40 and 80 years. You can take this scheme alone or both husband and wife together. In this, the policyholder is also given the facility to surrender anytime after six months from the date of starting the policy. Apart from this, in case of death benefit, if the policyholder dies, then the investment amount is returned to his nominee.
Lifetime pension and loan facility also available
In this LIC scheme which guarantees lifelong pension, the policyholder is also given the facility of loan. Under the Saral Pension Scheme, policyholders can also take a loan after six months. Another special thing about this Saral Pension Scheme is that whatever pension you start getting, you will keep getting the same amount throughout your life. To buy this scheme online, you can visit the official website of LIC www.licindia.in.
