LIC Policy: Are you looking for a plan in which you get lifelong pension once you invest? So you can adopt this great policy of LIC.
LIC Policy: Neither any money worries nor any other headache, after reaching a certain age we all want a comfortable life. However, for this we should start planning from today itself. In this changing era of inflation, it is very important to save or invest in a good plan. This is also one of the reasons why most people’s investments are towards retirement planning. If you are also among those who want to strengthen their tomorrow financially, then you can adopt Saral Pension Scheme, one of the best policies of LIC.
What is LIC’s Saral Pension Scheme?
Saral Pension Scheme of the oldest and trusted LIC company is a best return policy. This is a non-linked and single premium plan. Husband or wife can invest in this scheme jointly. Whereas, one can also invest alone. In this, the investor can surrender if he wants within 6 months of the inception of the policy.
LIC Saral Pension Yojana Eligibility
- The minimum age to invest in Saral Pension Scheme should be 40 years.
- The maximum age required to invest in this is 80 years.
- Investors can also open a joint or single account in this.
- In this scheme, pension can be taken monthly, quarterly, half yearly or annually.
- For monthly pension, you will have to invest at least Rs 1000.
- For quarterly pension, you will have to invest at least Rs 3000.
- For half yearly pension, you will have to invest at least Rs 6000.
- For annual pension, a minimum investment of Rs 12000 will have to be made.
- There is no limit for the maximum pension amount.
LIC Saral Pension Yojana Calculator
If you invest Rs 30 lakh in Saral Pension Scheme at the age of 42, then you can get a pension of up to Rs 12,388 every month. With more investment you can enjoy a higher pension.
LIC Saral Pension Yojana Benefits
- Beneficiaries investing in this scheme can avail the loan.
- You can apply for loan after 6 months of starting this plan.
- In case of illness, the money deposited in the plan can be withdrawn.
- You can surrender the policy within 6 months of inception.
- On surrender, 95% of the base price is refunded.
Important update for HDFC customers! These rules have changed from today
