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Spend the rest of your life in Joy if you invest in this LIC Scheme: In the case of life insurance, most people blindly trust the Indian Life Insurance Corporation (LIC). It is one of the largest insurance companies in the country that has been trusted by people for many years. There are different types of policies in LIC and people can choose any policy according to their choice. There is no better place to save money for the future. People can invest in various schemes of LIC (LIC Scheme) and get a lot of returns.

Not only is insurance available through LIC, you can undoubtedly save your money with its various schemes. Through today's report, you will know about a special scheme of LIC (LIC Scheme) where monthly pension benefits will be available. If you also want to retire in your forties and get monthly pension benefits then this scheme is perfect for you.

LIC's Saral Pension Yojana brings good news for its customers. It has gained considerable popularity among customers. It is actually an immediate annuity plan. If you save in this scheme (LIC Scheme) then you will get monthly pension. But you don't have to pay any monthly amount for this. Now the question is what is the age limit to invest in this scheme? Any person between 40 to 80 years can invest in this scheme. In this special policy of LIC you have to pay premium only once. The customer will start getting pension from the time of taking the policy.

Policy holders can draw pension on monthly, quarterly, semi-annual and annual basis. Suppose if a person wants to take pension before 60 years then he will get that benefit through this scheme. If you want to get pension then you have to invest minimum 1000 rupees. And to get a pension of 1000 rupees, you have to deposit 2.5 lakh rupees together. There is no age limit for maximum investment.

The rules of this scheme of LIC are:

1) If a 40-year-old person can invest exactly 40 lakh rupees, then he will easily get a pension of 12,388 rupees per month.

2) This policy can be joint or single if you want. Suppose you take this policy of LIC joint policy then in case of death of either husband or wife the other will get that pension.

3) And if both of them die due to any reason, then the nominee can get all the investment money.

Disclaimer: BanglaXP is not a Securities and Exchange Board of India (SEBI) registered financial advisory firm. The above article is written for informational purposes only. BanglaXP does not in any way encourage anyone to invest. Decisions to invest in any sector should be based on one's own thinking, research and market risk tolerance.