After retirement, a regular source of income of employed people stops. Therefore, it is very important to have money for post -retirement expenses. That is why people plan retirement, in which pension is also a part. The people of the country consider LIC a safe option for investment. LIC is running several schemes for various departments.
LIC’s plans are reliable and returns are also very good after investment in them. This is the reason that people across the country prefer to invest in LIC schemes. LIC’s spectacular plans are LIC Saral Pension Scheme, which is a non-linked, single premium, personal immediate annuity scheme. You have to invest in this once.
You can take LIC simple pension plan with or alone with your spouse. You have to invest in this once. After this, you will continue to get pension throughout your life. You can surrender anytime after six months of starting the policy. To invest in LIC Saral Pension Scheme, the minimum age should be 40 years and maximum age should be 80 years.
A person investing in this scheme can take monthly, quarterly, half -yearly or annual pension. At least Rs. Monthly pension of 1,000, quarterly pension minimum Rs. 3,000, half -yearly pension minimum Rs. 6,000 and minimum Rs. Annual pension of. 12,000.
The best thing is that there is no limit of maximum pension amount in this scheme. If you are 42 years old and you buy an annuity of Rs 30 lakh, then you get a pension of Rs 12,388 per month. If you want to get more pension then you can invest accordingly.
You can apply for a loan after six months after starting LIC Saral Pension Scheme. If you fall ill and need money for treatment, then you can also withdraw money deposited in the policy. If the customer surrenders the policy, 95 percent of the original price is refunded.
