The Life Insurance Corporation of India (LIC) offers a special pension scheme, the LIC Saral Pension Plan, which provides a pension of up to Rs 12,000 every month in retirement years. This scheme is perfect for individuals who want to secure their future and enjoy a peaceful life in their old age. The plan is designed to provide regular income for life, even after retirement.
To be eligible for this scheme, individuals must be between 40 to 80 years old, and single individuals or couples can invest together. The scheme offers several benefits, including a surrender option after six months, loan facility after six months, and a guaranteed minimum pension of Rs 1,000. The maximum pension amount is not limited, and it’s determined by the investment amount.
The LIC Saral Pension Plan is a one-time investment scheme, where a single payment is made, and then the policyholder can receive a regular pension. The pension amount can be received monthly, quarterly, half-yearly, or annually. For example, if an individual invests Rs 30 lakh at the age of 42, they can expect to receive a monthly pension of Rs 12,388.
The scheme can be invested in either online or offline, by visiting the official LIC website or visiting a LIC office. With the LIC Saral Pension Plan, individuals can create a stable financial future, ensuring their old age is peaceful and comfortable. Therefore, it’s an ideal investment option for those who want to secure their future and enjoy a regular income in retirement.