People working in the private sector do add a retirement fund for themselves but the concern is about regular income, which fulfills all your daily needs. The simple way to do this is to invest in a scheme where your investment is safe and you also get regular income. LIC has many such schemes. Today we are going to tell you about that pension plan of LIC in which you have to pay premium only once and you can arrange income for the whole life. You can take this pension even from the age of 40. Know about this plan.
Know what is this plan of LIC
We are talking about LIC Saral Pension Plan. LIC Saral Pension Plan is an immediate annuity plan. You start getting pension as soon as you take the policy in it. The special thing is that you do not have to wait till the age of 60 to get pension in it. You can avail pension benefits from the age of 40.
The work will be done by just paying the premium once
The special thing about this pension scheme is that while buying the policy, you have to pay the premium only once. After the payment of premium, the policyholder starts getting pension and the amount of pension received for the first time, the same amount is received throughout life.
Single Life and Joint Life Plan
Saral Pension Plan can be taken in two ways. First single life and second joint life. In single life, as long as the policyholder is alive, he will keep getting pension. After death, the investment amount will be returned to the nominee. On the other hand, joint life covers both husband and wife. In this, pension is given to the primary policyholder as long as he is alive. After death, his spouse gets the benefit of pension. In case of death of both, the deposited amount is given to the nominee.
How much pension is received?
Under Saral Pension Yojana, you can get a monthly pension of Rs 1000 and there is no limit on the maximum pension. This pension depends on the amount you invest. For pension, you get the option of monthly, quarterly, half-yearly and yearly pension. You will be given pension according to the option you choose.
You can invest from 40 to 80 years
In this scheme, you can invest anytime from 40 to 80 years of age and can start taking the benefit of pension along with the investment. If you invest in Saral Pension Scheme at the age of 40, then you start getting the benefit of pension from that age, which will be available for life.
Loan facility also
In this plan of LIC, you also get the facility of loan. You will start getting the facility of loan after 6 months of buying the plan. In case of any emergency, if you want to surrender the policy, then you also get this facility after six months.
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