LIC Pension Scheme: Every employed individual harbors concerns about life post-retirement. While government employees benefit from pension schemes, those in the private sector must independently secure their retirement funds. Consequently, many individuals begin investing in various plans during their careers to ensure financial independence in the future.
Smart Pension Plan by LIC
Numerous pension schemes are available in the market for potential investors. If you are seeking a reliable pension plan for your retirement, the Smart Pension Plan offered by LIC (Life Insurance Corporation of India) may be an excellent choice. By investing in this plan, you could receive a pension of up to Rs 12,000.
How can you get this amount
Here’s how you can invest in this appealing pension option. LIC’s Smart Pension Plan is ideal for those desiring a stable and guaranteed income during retirement. With an investment of just Rs 1 lakh, you can secure a minimum pension of Rs 12,000.
You have the flexibility to select the frequency of your pension payments according to your preference:
– Monthly Pension: Rs 1,000 per month
– Quarterly Pension: Rs 3,000 every three months
– Half-Yearly Pension: Rs 6,000 every six months
– Annual Pension: Rs 12,000 once a year
More Benefits
Additionally, the LIC Smart Pension Plan offers the advantage of annuity benefits. This plan also allows for the establishment of a joint account, ensuring that if one account holder passes away, the other can continue to receive the plan’s benefits.