LIC Saral Pension Plan: Most people invest in LIC so that they can secure their future. Most of the employed people are worried about regular income after retirement. This problem is more for the people working in the private sector because they do not get pension. They do not have regular income, which can meet their daily expenses like salary. LIC Jeevan Saral is one such scheme. In this, the investor has the option to choose the amount from the payment of premium. Investors can invest in this at the age of 40 years to 80 years.
Who can buy pension plan?
People from the age of 40 to 80 years can buy LIC Saral Pension Plan. You can take this scheme alone or together with husband and wife. The policyholder can surrender this policy anytime after six months from the date of inception. On the other hand, if the policyholder dies, then the investment amount is returned to his nominee.
What is the minimum investment?
In LIC Saral Pension Plan, you can buy an annuity of at least Rs 12,000 annually. No maximum limit has been fixed for investment in this scheme. Any person can get pension on yearly, half-yearly, quarterly or monthly basis after paying the premium once under this plan. Along with this, you will also get the facility of loan on buying this policy. Policyholders can also take a loan after six months under Saral Pension Yojana. The amount you start getting pension in Saral Pension Scheme, you will continue to get the same amount throughout your life.
Plan for after retirement:
In a way, this scheme fits into post-retirement investment planning. Suppose any person has recently retired. If he can invest the money received from PF fund and gratuity received during retirement in it.
He can buy annuity from this lump sum investment. According to LIC Calculator, if any 42-year-old person buys an annuity of Rs 30 lakh, then he will get Rs 12,388 as pension every month. To buy this plan online, you can visit LIC’s official website www.licindia.in.
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