LIC’s Saral Pension Scheme: The worry of old age will no longer bother you because the government has found a simple solution to remove the fear of old age.
If you want to invest in your retirement, wait a bit. The government has come up with a great scheme, keeping this concern of yours in mind.
It was often seen that people were making any investments due to the worry of retirement.
Know what this scheme is
LIC has introduced this grand scheme, which is a social pension plan. Under this scheme, anyone who invests every month for retirement gets a guaranteed pension.
This scheme is also better because even after investing once, you benefit from a pension for life. Under this scheme, you are assisted with up to Rs 12000 monthly as a pension.
Under this scheme, if a person is employed in a government or private job and invests his PF or gratuity money, he also benefits from a pension throughout his life.
LIC’s Saral Pension Scheme is not for people under 40. Only a person above 40 or below 80 can invest in this scheme.
Under this scheme, one has to buy an interest of Rs 1000 monthly. If you invest for three months, you will have to invest Rs 3000, and if you invest for six months, you will have to invest Rs 6000. If you want to invest once a year, you will have to invest Rs 12000.
Pension of Rs 12000
Investing in LIC’s Saral Pension Scheme invests Rs 12000 annually, or it can be done for six months or three months and every month.
There is no maximum limit for investing in it. You can invest as much as you want. Any citizen above 40 years of age can take advantage of this scheme.
According to LIC calculations, if a citizen invests Rs 30 lakh at 42, he will receive a monthly pension of Rs 12388.
Benefit of loan
If a person takes this policy and pays the premium for six months, you can surrender it or apply for a loan on it.