New Delhi :
When reaching the age of 60, many individuals retire from their jobs but desire a continuous stream of income to support themselves and their families.
LIC, the largest government insurance company in the country, offers a solution with its Saral Pension Plan.
This policy provides guaranteed returns and ensures that income does not cease after retirement, making it an attractive investment for a secure post-retirement life.
LIC Saral Pension for Lifelong Income
LIC Saral Pension Plan offers a lifetime pension guarantee and is available for individuals aged 40 to 80 years. The policy also includes a death benefit, ensuring that the invested amount goes to the nominee in case of the policyholder’s demise.
Additionally, policyholders have the flexibility to surrender the plan after six months from its inception.
Steady Monthly Pension After 60 Years
For retirees seeking a steady monthly pension, LIC’s Saral Pension Yojana is the ideal investment option.
By depositing retirement funds or gratuity money into this scheme, individuals can enjoy a regular monthly pension for the rest of their lives.
Flexible Investment Options
The Saral Pension Plan requires an annual deposit of Rs 12,000, and there is no maximum limit on the investment amount.
Policyholders can choose to receive their pension on a yearly, half-yearly, quarterly, or monthly basis. The plan involves a one-time investment, and post-purchase, an annuity can be obtained.
Pension Calculation Example
For instance, if a person invests Rs 30 lakh at the age of 42, they would receive a monthly pension of Rs 12,388 for life.
The scheme also allows policyholders to take a loan after six months, making it even more convenient.
