There will be no tension even after retirement, these 4 pension plans of LIC will give money every month

New Delhi. After the job ends, the biggest question is where will the money for expenses come from every month. When the salary stops, people feel the need of such a system, so that they can get regular income even in old age. For this reason, the demand for pension plans is increasing rapidly nowadays.

LIC, the country’s largest insurance company, runs many such pension plans, which people consider to be safe and reliable options. These schemes are especially popular among those people who want to stay away from the ups and downs of the stock market and want a permanent income of a fixed amount. However, before investing in any pension plan, it is important to have a complete understanding of it.

These 4 pension plans of LIC are most discussed

1. LIC Jeevan Akshay VII

This scheme is designed for those who want to start pension immediately after retirement. Once the money is deposited in this, regular income starts. There are different options in this scheme for both single person and husband and wife. Its biggest feature is that it provides a fixed amount throughout life, which maintains financial stability.

2. LIC New Jeevan Shanti

This is a deferred annuity plan. That is, after investing in it, pension does not start immediately but is received after a few years. The advantage of this scheme is that the future pension rate is decided at the time of investment itself. This scheme is considered useful for those who are currently employed and want to create retirement security for the future.

3. LIC Saral Pension

This is an easier and less complex pension plan. In this, instead of lump sum investment, you get pension for life. The option of joint pension is also given in this scheme, which provides security to both husband and wife. This scheme is quite popular among investors who prefer low risk.

4. LIC New Pension Plus

This is a little different from other schemes because the investment portion in it is invested in market-related funds. This means that the returns depend on the market performance. This scheme is considered better for those who want to build a large retirement fund by investing for a long period and are ready to take some risk.

How much monthly pension can I get?

The amount received in LIC pension plans depends on the investment amount, age and option chosen. If a person invests Rs 10 lakh at the time of retirement, he can get a pension of around Rs 5 thousand to Rs 7 thousand every month.

At the same time, by investing more amount the monthly income also increases. If the investment amount reaches Rs 1 crore, then in many cases one can get a fixed pension of Rs 55 thousand to Rs 70 thousand every month. However, the actual amount may vary depending on the plan and age. You can get this information from LIC website.