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After retirement, the regular source of income of employed people stops. Therefore, it is very important to have money for post-retirement expenses. That is why people plan for retirement, in which pension is also a part. People of the country consider LIC as a safe option for investment. Many schemes are being run by LIC for various departments........

 

Utility News Desk !!! After retirement, the regular source of income of employed people stops. Therefore, it is very important to have money for post-retirement expenses. That is why people plan for retirement, in which pension is also a part. People of the country consider LIC as a safe option for investment. Many schemes are being run by LIC for various departments.

LIC's plans are reliable and the returns after investing in them are also very good. This is the reason why people across the country like to invest in LIC plans. One of the great plans of LIC is LIC Saral Pension Yojana, which is a non-linked, single premium, individual immediate annuity plan. In this, you have to invest once.

You can take LIC Saral Pension Plan with your spouse or alone. In this you have to invest once. After this you will keep getting pension for life. You can surrender anytime after six months of starting the policy. The minimum age to invest in LIC Saral Pension Yojana should be 40 years and the maximum age should be 80 years.
 
A person investing in this scheme can take monthly, quarterly, half-yearly or annual pension. Monthly pension of minimum Rs. 1,000, quarterly pension minimum Rs. 3,000, half-yearly pension minimum Rs. 6,000 and annual pension of minimum Rs. 12,000.

The best thing is that there is no limit on the maximum pension amount in this scheme. If you are 42 years old and you buy an annuity of Rs 30 lakh, then you get a pension of Rs 12,388 per month. If you want to get more pension, then you can invest accordingly.

You can apply for a loan six months after starting the LIC Saral Pension Yojana. If you fall ill and need money for treatment, you can also withdraw the money deposited in the policy. If the customer surrenders the policy, 95 percent of the original price is refunded.