LIC Saral Pension Scheme: Invest only once, get more than Rs 21 thousand pension every month

Due to rising inflation and future financial security, every person is looking for a plan which can assure regular income after retirement. For such people, Saral Pension Scheme of Life Insurance Corporation of India (LIC) has emerged as an attractive option. Investment in this scheme has to be made only once and after this the fixed amount is fixed for life. pension Keeps meeting. The special thing is that this is a Single Premium Immediate Annuity Plan, in which pension starts after investment and the same amount continues to be received throughout the life.

What is LIC Saral Pension Scheme

LIC’s Saral Pension Plan is specifically designed with the aim of ensuring regular income after retirement. In this the investor has to deposit the premium only once. After this, pension is received on monthly, quarterly, half yearly or yearly basis as per the option chosen. The minimum age for entry into the scheme has been fixed at 40 years and the maximum age at 80 years. Any person can buy it alone or jointly with husband and wife.

Once the pension is fixed, you will get the same amount throughout your life.

The biggest feature of this scheme is that the pension amount remains constant throughout life. It has no impact on market conditions or changes in interest rates. The pension decided at the time of investment remains the same amount for the whole life. Senior citizens can ensure regular income by investing PF, gratuity or other lump sum amount received on retirement.

Investment remains safe even after death

If the policyholder passes away, the original investment amount deposited is returned to his nominee. This is the reason why this scheme provides the benefit of capital protection along with pension.

Surrender and loan facility also

Surrender facility is available in LIC Saral Pension Plan after six months of policy inception. Apart from this, a loan can also be taken against the policy after completion of six months.

How to get monthly pension of more than Rs 21 thousand?

According to LIC’s calculations, if a 40-year-old person invests a lump sum of about ₹ 40 lakh in this scheme, he can get an annual pension of about ₹ 2.62 lakh. Accordingly, he will get a pension of approximately ₹ 21,871 every month. However, the actual pension amount will depend on the date of investment, age and the annuity rates applicable at that time.

Why is this plan special for retirement planning?

In today’s era where investment markets are associated with risk, LIC Saral Pension Scheme offers the option of guaranteed income. This scheme is being considered useful especially for those people who want a secure and regular pension, staying away from the ups and downs of the stock market.

LIC’s Saral Pension Scheme is a single premium based guaranteed pension scheme. In this, after lump sum investment, one gets fixed pension for life. By investing Rs 40 lakh, you can get a monthly pension of around Rs 21 thousand. Facilities like surrender, loan and refund of amount to the nominee are also available in the scheme.