Utility News Desk!!! After retirement, the regular source of income of employed people stops. Therefore, it is very important to have money for post-retirement expenses. That’s why people plan for retirement, of which pension is also a part. People of the country consider LIC as a safe option for investment. Many schemes are being run by LIC for various departments.
LIC’s plans are reliable and the returns after investment in them are also quite good. This is the reason why people across the country prefer to invest in LIC plans. Among the great plans of LIC is LIC Saral Pension Plan, which is a non-linked, single premium, individual immediate annuity plan. In this you will have to invest once.
You can take LIC Saral Pension Plan with your spouse or alone. In this you will have to invest once. After this you will continue to get pension throughout your life. You can surrender anytime after six months from the inception of 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 Rs. 1,000, quarterly pension minimum Rs. 3,000, half yearly pension minimum Rs. 6,000 and minimum Rs. Annual pension of Rs. Is 12,000.
The best thing is that there is no limit on the maximum pension amount in this scheme. If you are 42 years old and buy an annuity worth 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 the loan after six months of starting LIC Saral Pension Scheme. If you fall ill and need money for treatment, you can also withdraw the money deposited in the policy. If the customer surrenders the policy, 95 percent of the original price is refunded.