Life Insurance Corporation of India (LIC) offers various schemes for all sections. Similarly,it has launched a special scheme to provide financial stability to people through pensions. This scheme is suitable for people of all ages and classes,which gives them the facility of a lifetime pension. It is a single premium policy,in which you have to invest only once and get its benefits for life. Do you also want to know how you can take advantage of this scheme? So let’s know.
Know financial security after retirement
Life Insurance Corporation of India (LIC)’s Smart Pension Scheme is a special retirement plan,which is designed to provide people with a financially secure future. It is a single premium plan,in which you have to invest only once and after that you keep getting a regular pension throughout life. This scheme is suitable for all sections and ensures stable income after retirement. It can also be opened in a joint account. In a joint account,after the death of one person,the other person gets the benefit of a pension for life.
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Determined Eligibility of the Scheme
All schemes have prescribed eligibility,similarly,to avail the benefits of this scheme,your age should be from a minimum of 18 years to a maximum of 65-100 years. Any person,whether employed,self-employed,or retired,can invest in this scheme.
When will you get the benefit
The beneficiary of the scheme can take pension on a monthly,quarterly,half-yearly and yearly basis. Annuity benefits are also given under this scheme. After the policyholders,the nominee will be given the benefit of this scheme.
How to Apply
If you are contributing to this scheme,you can apply online from the official website of LIC (www.licindia.in) or you can also do it through LIC agent,POSP-Life Insurance or Common Public Service Center.
How much pension you will get
In this scheme,you can get a minimum pension of Rs 1000,if you want to get pension every three months then you can get Rs 3000,if you want to get pension every six months then you can get Rs 6000 and if you want to get pension every year then you can get a minimum pension of Rs 12000.
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