LIC PENSION SCHEME: Today, everyone invests to secure their future and that of their family, so that there is no financial problem after retirement. Many government and non-government schemes are being run in the country, which are giving great returns on investment without any risk. If you are also thinking about investing, then LIC’s great scheme can be very special for you.
Actually, we are talking about the LIC Shanti Plan; this scheme can prove to be a boon for the people. The special thing about this scheme is that you have to invest in it only once. After this, you keep getting a pension for the whole life. In this scheme, your income remains after retirement, and your financial strength also remains.
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Know about the LIC Jeevan Shanti Plan
For information, let us tell you that this is a single premium policy, which means that you have to invest only once. The special thing about this scheme is that you can invest at least one and a half lakh rupees in it, and you can invest the maximum amount according to your convenience. In this scheme of LIC, the pension you will get is the same as the amount you invest. People from 30 to 79 years old can easily invest in this scheme. It is available for both the young and the old.
Know how to get benefits
In this scheme of the government, pension starts getting after 5 years of investment. Understand, as an example, if you are 55 years old and invest Rs 11 lakh, then from the age of 60, you start getting a pension of about 1 lakh rupees annually. In this, you can take it on an annual, half-yearly, quarterly, or monthly basis.
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Two types of options are available
In this scheme of LIC, two types of pension options are available, in which single life plan and the joint life plan. In a single life plan, a pension is given to only one person. Whereas in a joint plan, two people get the benefit of a pension. The specialty of the joint plan is that after the death of one person, the remaining amount goes to the nominee. This provides financial security to the family.
Know the facility of loan and policy surrender
For information, after three months of the start of the policy, there is also a facility to take a loan against the policy. However, the loan amount cannot be more than 50 percent of your annual pension. Apart from this, if your needs change or the policy is not suitable, then you can surrender it at any time.