If you are worried about your future life then this article is for you. Usually, by the age of retirement, people add a lump sum retirement fund for themselves, but are unable to arrange regular income. In such a situation, one has to depend on others even for small work. But here we will tell you about a plan that will arrange a pension for you for life. We are going to discuss about that one pension plan which will be benefits you.
LIC Saral Pension Plan
Through LIC’s Saral Pension Plan, you can take advantage of the pension throughout your life. The special thing is that you do not have to wait for the age of 60 years to get a pension in it. You can take advantage of the pension from the age of 40. LIC’s Saral Pension Plan is an immediate annuity plan. You start getting a pension as soon as you take a policy in it.
Premium will have to be paid only once
Under this scheme, you have to pay the premium only once while buying the policy. After the payment of the premium, the policyholder starts getting the pension and the amount of pension that is received for the first time, the same amount of pension is received throughout his life. If the buyer of the policy dies due to any reason, then his deposit is returned to his nominee.
Single Life and Second Joint Life Plan
The benefit of a simple pension plan can be taken in two ways. The first is single life and the second is joint life. As long as the policyholder is alive in single life, he will continue to get a pension. The investment amount will be returned to the nominee after death. At the same time, Joint Life covers both husband and wife. In this, the pension is given to the primary policyholder as long as he is alive. After death, his spouse gets the benefit of pension. On the death of both, the deposit amount is given to the nominee.
Minimum 1000 rupees pension and no maximum limit
Under the Saral Pension Scheme, you can get a monthly pension of Rs 1000 and there is no limit to the maximum pension. This pension depends on the amount you invest. For pension, you get the option of monthly, quarterly, half-yearly and annual pension. You will be given a pension according to the option you choose.
In this scheme, you can invest in it anytime from the age of 40 years to 80 years and start taking advantage of the pension along with the investment. If you invest in the Saral Pension Scheme at the age of 40, then from that age you start getting the benefit of pension, which will be available throughout your life.
Loan facility too
In this plan of LIC, you also get loan facility. After 6 months of purchasing the plan, you will start getting loan facility. If you want to surrender the policy in the event of an emergency, you also get this facility after six months.
