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Where will the income come from after retirement? How will the daily expenses be? This is what pension schemes are for. An annuity plan has to be bought with big money. Instead, the company pays a certain amount of money every month.
Relying on savings alone won't make it through retirement, experts say. Because there may not be enough returns. Inflation will be added to this. So should invest in the right place. Here are the locations of some of the pension plans of LIC.

Pension of Rs 1 lakh per month: LIC has some schemes where you can get good returns even by investing less money. As a result, the customer can spend safely for retirement. LIC is a well-known life insurance company in the country. There are several schemes where the customer can get a pension of Rs 1 lakh per month by investing.
LIC Jeevan Utsav Plan: LIC has recently introduced a new policy called Jeevan Utsav Plan. Guaranteed return mail. Premium is payable for a limited time. Along with this, the customer also gets 10 percent income benefits. This policy pays a premium for 5 to 16 years. At the end of the term, a pension of Tk 1 lakh per month will be given.
Assured returns with insurance: LIC Jeevan Utsav Plan policyholders also avail of death benefits. That is, in case of the death of the policyholder during the term of the policy, 7 times the initial amount or the annual premium, whichever is higher, is paid. Besides, if the policyholder wants to continue the policy for a long period, then 10 percent of the principal sum assured is paid as income.
Now the question is, when so many benefits are being offered, the premium must also be higher. LIC Jeevan Utsav Plan has premiums determined depending on age and financial status. If someone is 25 years old and wants insurance of Rs 10 lakh and pays a premium for 12 years, then he has to pay a premium from 25 years to 36 years.
92,535 rupees in the first year and 90,542 rupees from the second year to 12 years. After that, the policyholder will get a premium of one lakh rupees continuously from 39 years to 100 years.