LIC Excellent Scheme: If you are thinking about investing, this scheme could be very special for you. India’s largest insurance company, LIC, is offering excellent returns to its customers. LIC operates many policies, but there is a special policy that provides lifetime pension benefits upon investment.
This LIC scheme provides financial security to people. If you make a small investment every month in this scheme, you will receive a pension for your entire life. The name of this scheme is the LIC Smart Pension Plan. Let’s learn more about it.
Read Here: Millions of Rupees for a 50 Rupee Note, Learn How to Sell It
What is the LIC Smart Pension Plan?
People from all walks of life can invest in the LIC Smart Pension Plan and receive a pension. Only a single premium payment is required in this scheme. You can open your account in both single and joint modes. Under the LIC Smart Pension Plan, the person continues to receive pension benefits after retirement.
How much investment is required?
In the LIC Smart Pension Plan, a person can receive pension benefits by investing annually, semi-annually, quarterly, or monthly. This scheme also offers annuity benefits. Under this scheme, you can receive a minimum monthly pension of Rs. 1000, quarterly Rs. 3000, semi-annually Rs. 6000, and annually Rs. 12000.
Read Here: Best Water Heaters Under Rs 8000 for Kitchen or Bathroom on Amazon
How much to invest in this pension plan?
For your information, you can invest up to Rs. 1 lakh as a single premium in LIC’s Smart Pension Plan. There is no maximum investment limit. The more you invest, the more pension benefits you will receive.