If you are looking for a scheme in which you keep getting a huge amount in the form of pension, then you can invest in LIC’s Saral Pension Scheme. Know here what facilities are available in it.
LIC Saral Pension Plan: Money is considered to be the biggest support in old age. The reason for this is that your body is not in a position to earn money by working very hard. In such a situation, if you have enough money, then your needs will continue to be fulfilled without any hindrance and you will not have to depend on anyone. This is the reason that in today’s time people start doing retirement planning much in advance and invest in such schemes, from where they can get better returns.
If you are also looking for such a scheme, then LIC’s Saral Pension Plan can be of great use to you. Your investment in this plan will be safe, as well as you will get the benefit of pension for life. The special thing is that you do not have to wait till the age of 60 years to take pension in this. You can take advantage of pension from the age of 40.
Know Saral Pension Plan
LIC’s Saral Pension Plan is an immediate annuity plan. You start getting pension as soon as you take the policy in it. You have to pay the premium only once while buying a policy under this scheme. The policyholder starts getting pension only after the payment of premium and the same amount of pension is received for the first time, for the rest of his life. If the policy buyer dies due to any reason, then his deposit is returned to his nominee.
You can take advantage of this in two ways
The benefit of Saral Pension Plan can be availed in two ways. First single life and second joint life. In single life, as long as the policy holder is alive, he will continue to get 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 till the time he is alive. After death, his/her spouse gets the benefit of pension. On the death of both, the deposit amount is given to the nominee
how much pension will you get
Under Saral Pension Yojana, you can take a monthly pension of Rs 1000 and there is no maximum limit. This pension depends on the amount invested by you. For pension, you get the option of monthly, quarterly, half yearly and annual pension. According to the option you choose, you will be given pension. According to the LIC website, if you invest Rs 10 lakh in this at the age of 60, you will get Rs 58950 annually. On the other hand, on taking a joint life plan, Rs 58250 will be available annually. You can buy it both online and offline.
You can take advantage from the age of 40
In this scheme, you do not have to wait for retirement to get pension. You can invest in it anytime from the age of 40 years to 80 years. If you invest in Saral Pension Scheme at the age of 40, then from that age you start getting the benefit of pension, which will be available for life.
Loan facility as well
In this plan of LIC, you also get the facility of loan. You will start getting loan facility from 6 months after purchasing the plan. If you want to surrender the policy in the event of an emergency, then you also get this facility after six months
