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Pension of Rs.12,500 per month for the rest of life.. LIC's best plan.. Money in hand from the age of 40!

Samayam | October 18, 2024 11:04 AM CST

Pension Plan: Do you want to invest for the future? Do you think it would be good to get monthly pension? But this is for you. Life Insurance Corporation of India LIC is giving you a great opportunity to get pension from the age of 40. If you invest in this once, you can get a pension of Rs.12,500 per month for the rest of your life. Let's find out the details now.

Highlights:

Best plan from LIC
12,500 per month for life
It can be obtained from the age of 40 years

Pension Plan: Financial experts say to think about retirement while working. After retirement one can fulfill their goal by investing in monthly pension schemes without any financial problems. However, pension comes only after the age of 60 years, some people think that it would be better to get pension ( Life Annuity ) earlier than that . They want to take early retirement. For such people, the Indian life insurance company LIC has come up with an Atriduwa plan. If you make a one-time investment in this, you can get a month-to-month pension for life. Pension can be taken from the age of 40 years.

The same is LIC Saral Pension Scheme. By purchasing this plan, you can get a pension of Rs.1000 to Rs.12,500. Just invest once and get pension for life. Not only that, the policyholder pays full compensation to the spouse or dependent after the death of the policyholder. You can invest as much as you can and get pension according to your convenience. There are no investment restrictions in this policy. You can invest according to your financial needs and goals.

People aged 40-80 years are eligible to buy this plan. One time premium should be paid at the time of policy purchase. You will start getting pension from the year of purchase of this plan. If you don't like the policy after six months, you can surrender it. It has two options. First is the single life plan. In this, the pension is given for the lifetime of the policy holder. After that the investment amount is given to Nimini. And the second option is joint life policy. It can be taken by husband and wife together. The policy holder will receive pension till death. After that the pension is given to the partner. If both die then the entire deposit is paid to the nominee.

For example, suppose a 42-year-old person has invested Rs.30 lakh and taken a LIC Saral Pension Yojana policy. From that year, about Rs. 12,500 will be received as pension. But remember that pension depends on investment. More investment means more pension. Less amount invested means less pension. At least Rs.1000 should be invested to get pension.