If you want to retire with financial freedom, you should start planning now. To ensure you have enough arrangements during your retirement life there are many options available. One of them is LIC Saral Pension Yojana. If you invest in this scheme one time you will receive a pension for your whole life after you retire. How much do you need to invest and how much will you get? Let’s look at the calculations and benefits of this LIC Policy.
LIC Saral Pension Yojana
Life Insurance Corporation of India offers a great plan for retirement. If you invest in Saral Pension Yojana by LIC it can give Rs 12,000 or even more, the amount will depend upon your investment. In this scheme, you can deposit a lumpsum amount one time and enjoy the benefit life long.
Benefits of Saral Pension Yojana
- Unlike other policies, this is a one-time payment policy, and it comes with two options one is a life annuity with a 100% return on purchase price and a joint-life annuity.
- Policy holder can choose their frequency of annuity payment according to their needs.
- This scheme ensures a minimum annuity of Rs 12000 annually but it can be increased to any amount by investing more.
- In case of policy holder’s death, 100% of the purchase price will be returned to the nominee. And if the policyholder survives the policy period he will start receiving an annuity amount.
- If there is any emergency situation after six months of investment policy holder can take a loan from the policy.
Eligibility
Any Indian citizen who is older than 40 and not more than 80 years of age can purchase this policy.
To Purchase LIC Saral Pension Policy you can check the official website online or can contact any offline agents or visit your nearest LIC Office.
How to get Rs 12000 Pension?
If you want to get Rs 12000 as a pension every month you need to invest Rs 18 to 20 lakh one time then once you reach 60 years you will start receiving the money.
