The Life Insurance Corporation of India (LIC) has launched a new scheme called Saral Pension Scheme that offers a guaranteed pension of ₹12,000 per month after retirement. This scheme is ideal for those who want to secure their future after retirement. To be eligible, candidates must be between 40 and 80 years old and not have a life insurance policy with any other insurance company. The scheme allows individuals to invest in an annuity, with options to pay for it every 3 months, 6 months, or 1 year. The amount invested determines the monthly pension, with a guaranteed monthly pension of ₹12,388 for an investment of ₹30 lakh.
One of the unique features of this scheme is the loan facility, which allows investors to take a loan after six months of premium payment. The loan amount is based on the investment amount. Moreover, the scheme also allows policyholders to surrender their policy at any time.
There are no limits to the maximum investment amount, making this scheme accessible to a wide range of individuals. The scheme is designed to provide a guaranteed income stream for life, giving investors peace of mind and financial security in their golden years. Those interested in this scheme can visit the official website to learn more and apply. The LIC Saral Pension Scheme offers a safe and guaranteed way to secure one’s future, making it an attractive option for those planning for retirement.