LIC has launched schemes for every class of people. Like pension, these schemes are also offered by LIC. In this situation, if you are looking for a pension scheme, then LIC scheme can be good. There will be no risk in it and you will get pension benefits under regular income every month. Know about this scheme.
This scheme is LIC Simple Pension Plan. It guarantees pension every month at the time of retirement. Its special thing is that you can invest only once. Then you will get pension for life. LIC Simple Pension Plan is very popular as a retirement scheme. This scheme can provide pension of Rs 12,000 every month after retirement.
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It can be understood in some simple ways how you can get pension benefits of Rs 12,000 after retirement. If a person works in a private sector or government department and invests the money received from his PF fund and gratuity amount before retirement, then he will continue to get pension benefits every month throughout his life.
Features of LIC Simple Pension Scheme
Talking about this scheme of LIC, a person below the age of 40 cannot invest in it. You can invest in it at any time for a maximum of 80 years and under this policy you have to buy an annuity of Rs 1000 per month. Where on a quarterly basis you have to take a minimum annual of Rs 3000, on a half-yearly basis Rs 6000 and on a yearly basis Rs 12000.
How to get a pension of Rs 12000?
In LIC’s simple pension scheme, you can buy an annuity of at least Rs 12000 per year. There is no limit on the maximum investment under this scheme, you can invest as much as you want under this scheme. Under this policy plan, any citizen can get the benefit of annual, half-yearly, quarterly and monthly pension by paying a premium once. According to the LIC calculator, if a 42-year-old person buys an annuity of Rs 30 lakh, he will get a pension of Rs 12,388 per month.
You can also take a loan
To buy this plan of LIC, you have to go to www.licindia.in. If 6 months have been completed under this policy, then you can surrender it if necessary. You can also take a loan under this scheme. However, the loan amount will depend on the investment.