Life insurance company i.e. LIC has brought Saral Pension Scheme (LIC Saral Pension Scheme) for people looking for investment options to save. By investing in this scheme today, you can get up to Rs 12,000 as pension every month in old age. The special thing is that investment has to be made only once, whereas returns (High return on LIC scheme) are available every month. This scheme relieves the hassle of investing money every month. Its investors can also avail loan facility (bank loan) after 6 months on the existing amount.

Saral Pension Yojana Retirement Plan
What makes LIC’s Saral Pension Scheme special (Best Pension scheme) is that it requires only one-time investment and pension is arranged for the whole life. This is the reason why LIC Saral Pension Plan is very popular as a retirement plan. This scheme, which gives fixed pension every month, fits perfectly into post-retirement investment planning. Suppose any person has recently retired. If he can invest the money received from PF fund and gratuity during retirement, then he will continue to get the benefit of pension every month throughout his life.

You will get a pension of Rs 12000 every month

In LIC Saral Pension Plan, you can buy annuity of at least Rs 12,000 annually. However, no limit on maximum investment has been set in this plan, that is, you can invest as much as you want (lic maximum investment limit) and can get pension according to that investment. In this scheme, any person can get pension on annual, half yearly, quarterly or monthly basis once the premium is paid. He can buy annuity from this lump sum investment. According to LIC Calculator, if any 42 year old person buys annuity of Rs 30 lakh, then he will get Rs 12,388 as pension every month.

You can also invest for your wife
Saral Pension Scheme (LIC Saral Pension Scheme) can be bought by a person between the age of 40 years to 80 years. You can take this scheme alone or along with husband and wife (LIC joint policy). In this, the policyholder is also given the facility to surrender the policy anytime after six months from the date of commencement of the policy. Apart from this, under death benefit (LIC policy benefit), if the policyholder dies, the investment amount is returned to his nominee.

Pension and loan facilities are also available throughout life.

LIC’s Saral Pension Scheme guarantees pension throughout life. In this scheme the policyholder also gets the facility of loan. Under Saral Pension Scheme, policyholders can take a loan after six months. Under this pension scheme, the amount of pension you start getting will continue for your entire life. To buy this plan online, you can visit the official website of LIC www.licindia.in.

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LIC Special Pension Scheme: Life Insurance Corporation (LIC) offers several investment options that provide impressive returns along with security of returns on investment. In one such standard immediate annuity, LIC Saral Pension Scheme, the government-owned insurer offers investors an opportunity to secure their future. This scheme follows the guidelines of Insurance Regulatory and Development Authority of India (IRDAI).

Age limit for investing in LIC Saral Pension Scheme
The minimum age limit for investing in LIC Saral Pension Scheme is 40 years while the maximum age limit is 80 years.

Two annuity options in LIC Saral Pension Scheme
LIC Saral Pension Plan offers investors to select the type of annuity from two available options:

Option 1: Insurers can choose to get an annuity with 100% return on the purchase price.

Option 2: In the second option, the insurer can select the joint-life last-survivor, who will continue to receive the annuity with 100% return on the purchase price.

How to invest in LIC Saral Pension Scheme?
Investors who are planning to invest their money on LIC Saral Pension Scheme can buy the policy through a LIC agent or the nearest LIC office. You can also invest in this scheme online through www.licindia.in.

What is the minimum investment in the scheme?
You can invest a minimum of Rs 12,000 per year in the Saral Pension Scheme, which works out to Rs 1000 per month; Rs 3000 per quarter; And Rs 6000 per half year. That means you can deposit money in three ways.

According to LIC calculator, if a 42 year old person buys an annuity of Rs 30 lakh, he will get Rs 12,388 as pension every month.

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We are talking about such a policy of LIC, which guarantees you pension every month. The special thing is that you have to invest only once in this and with this you start getting pension. The name of this policy is LIC Saral Pension Plan.

The age limit for the scheme is 40-80 years.

This LIC Saral Pension Scheme, which guarantees pension throughout life, can be purchased by a person between the age of 40 years to 80 years. You can take this scheme alone or along with husband and wife. In this, the policyholder is also given the facility to surrender anytime after six months from the date of commencement of the policy. Similarly, in case of death benefit, if the policyholder dies, the investment amount is returned to his nominee.

Popular as a retirement plan –

LIC Saral Pension, which gives fixed pension every month, is also seen as a retirement plan. Actually, this scheme fits perfectly into post-retirement investment planning. Suppose any person has recently retired. If he can invest the money received from PF fund and gratuity during retirement in it. Then he will continue to get the benefit of pension every month throughout his life.

No maximum limit for investment-

In LIC Saral Pension Plan, you can buy annuity of at least Rs 12,000 annually. There is no limit on maximum investment, you can get pension according to your investment. In this screen, any person can get pension on yearly, half yearly, quarterly or monthly basis after paying the premium under this plan. He can buy annuity from this lump sum investment. According to LIC Calculator, if any 42 year old person buys an annuity of Rs 30 lakh, then he will get Rs 12,388 every month as pension.

Loan facility also available-

In this pension policy of LIC, loan facility is also provided to the policyholder. Under Saral Pension Scheme, policyholders can also take a loan after six months. Another special thing in this simple pension scheme is that the amount of pension you start getting, you will continue to get the same amount throughout your life. To buy this plan online, you can visit the official website of LIC www.licindia.in.

The post LIC Scheme : Through this scheme of LIC, you will get pension of Rs 12,388 every month, people of 40 to 80 years can avail the benefit. first appeared on Rightsofemployees.com.