Learn about the whole Saral Pension Scheme from LIC and invest only once to get Rs 12,000 each month

 Learn about the whole Saral Pension Scheme from LIC and invest only once to get Rs 12,000 each month

Most working individuals are concerned about having a steady income after retirement, according to the LIC Saral Pension Plan. He seeks a retirement plan in which he may make a single investment and continue to receive pension payments each month.

Most working individuals are concerned about having a steady income after retirement, according to the LIC Saral Pension Plan. He seeks a retirement plan that would allow him to make a single investment and continue to get a pension each month. Because they do not get pensions, those who work in the private sector are more affected by this issue. This is the rationale behind why the majority of working individuals search for investment opportunities that would allow them to get regular income even after retirement. Here, we'll explain how investing in LIC's straightforward pension plan may provide you with a steady income once you retire.

Saral Pension Scheme of LIC

A monthly annuity of Rs. 12000 is offered by the Life Insurance Corporation of India (LIC) under the Saral annuity Scheme. You just need to pay the premium once to enroll in LIC's Saral Pension Scheme, and after 60 years you will begin receiving a pension of Rs. 12000 per month. This pension will benefit you for the rest of your life. At the age of 60, investing Rs. 10 lakh in this would provide an annual return of Rs. 58950. Your investment amount will determine the pension you get.

These are the Saral Pension Scheme guidelines.

Life Annuity with a complete refund of the cost A single payment is made under this pension plan. One person will be covered by this insurance. The investor, or pensioner, will continue to receive pension payments as long as he or she is still living. The nominee will get the basic premium upon the investor's death.

Where is the Saral Pension Scheme available?

Both online and offline enrollment is available in these pension plans. The minimum annual investment required for this plan is Rs. 12,000. The maximum investment in this is unrestricted. This program is intended for persons ages 40 to 80. According to this plan, the loan may be obtained by the policyholder at any moment after the first six months from the policy's start date.