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In today's time, everyone saves for their future, and they want to invest those savings in a place where they get good returns and their money is also safe. In such a situation, most people invest more in post office schemes, they get good returns from there and their money is also safe.

People also invest more in LIC, and under this people invest for different purposes, there is also a plan in LIC in which you can choose a scheme for retirement so that every month a fixed amount is received in your account, and there is also a plan from LIC that can give you a fixed amount on your retirement.

How much premium has to be paid

There is no monthly or annual premium for this. You have to invest in this scheme at once, that is, you have to pay the premium only once, and then after this, the pension starts every month, which you keep getting throughout your life, although the pension does not increase in this. You will always get the same amount as it was in the beginning. The policy can be surrendered anytime after 6 months of starting.

Who can avail the benefit of this scheme?

This is a pension scheme, which any person from 40 years to 80 years can avail of, you can invest in this scheme alone or with your partner, and after retirement, you can avail the benefit of this scheme in the form of a pension.
How much pension is available

There is no maximum pension limit in this scheme, the more amount you invest, the more pension you will get. Suppose your age is 42 years and you are buying an annuity of Rs 30 lakh, you have to buy an annuity in it for pension, then you will get a pension of Rs 12,388 per month. If you want more pensions then you have to invest more in them, the more you invest, the more pensions you will get.

If you also want to invest in the LIC scheme, then do it soon and you can get a good pension after retirement, you will also have to invest well for a good pension.