LIC Bumper Plan: You can also get a pension every month by investing in a lump sum LIC Saral Pension Plan. You can get this pension before or after retirement. Let’s know about this plan in detail…
LIC Bumper Plan: After retirement, every person aspires to have a better future. If you are also troubled by this, then LIC’s Saral Pension Scheme can come in handy for you. By investing in LIC Saral Pension Yojana, you can avail yourself pension even in a short period of time. You don’t have to wait till the age of 60 for this. Under this, pension is started from the age of 40.
Premium has to be paid only once,
Not only this, in this plan of LIC, you have to pay a premium only once while taking the policy. One has to choose between two options for an annuity. After that, you keep getting a pension. On the death of the policyholder, the entire amount is returned to the nominee. Let us know about it in detail…
What is Saral Pension Yojana
Saral Pension Yojana is the standard immediate annuity plan. In this, the benefit of pension starts as soon as the policy is taken. The amount you start with at the time of taking the policy remains the same throughout your life.
There are two types of plans to take this plan. The first ‘Single Life Policy’. This policy will be in the name of an individual. This policy will continue to be received by the holder in the form of a pension while he is there. On the death of the pensioner, the basic premium amount will be returned to the nominee. The second plan is the ‘Joint Life Policy’, in this scheme both husband and wife get the benefit of a pension. As long as the primary pensioner is alive, he will continue to receive the pension, after his death the basic premium amount is returned to the nominee.
If you want to take advantage of this scheme, then you must be at least 40 years of age. The maximum age can be up to 80 years. It is a lifelong policy plan. After its commencement, the pensioner gets a lifetime pension. It can also be surrendered after 6 months of taking the same policy.
How much to invest
It is necessary to take a minimum pension of Rs 1,000 in Saral Pension Yojana. That is, Rs 3,000 for 3 months, Rs 6,000 for 6 months and Rs 12,000 for 12 months. There is no maximum limit here. According to the LIC calculator, if a 42-year-old person buys an annuity of 20 lakhs, then he will get a pension of Rs 12,388 per month.
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