LIC Policy For Old Age: At this age of ever increasing prices, every individual is concerned about the after effects of old age that how will his expenses be met in case he is not able to work. Well if you want to be avoid such worries, then you can as well do your retirement planning early.
For which you can avail yourself of a unique pension plan offered by LIC (Life Insurance Corporation) which promises to pay you a certain amount of pension throughout your life after you retire from active service. The plan LIC Saral Pension Plan is what we are talking about.
This policy of LIC will be useful in fulfilling your needs in old age
As per this special pension planning offered by LIC (Life Insurance Corporation), it is bound to be helpful to you in your Old age, as it provides the pension after 60 years of the course. In LIC Saral Pension Plan, you need to make a single contribution and you can reap the benefits of monthly pensions for the rest of your life thereafter.
There are people who wish to prepare well for their retirement so that they live peacefully in their old age with this pension taking care of all their needs and this is why LIC Saral Pension Plan is designed. Let us learn more about this pension plan.
What is LIC Saral Pension Plan
To provide you with some details, LIC Saral Pension Plan is pension retirement plan which provides you with a monthly pension after turning 60 years old. One can invest in this policy of LIC (Life Insurance Corporation) for the age band of 40 to 80 years. There is this age limit when one can buy this policy and avail the pension benefits every month.
You can invest this much in this policy of LIC
If you are looking for a pension plan in LIC Saral Pension Plan, then let us inform you that under this policy one can expect to receive a pension of Rs 1000 to Rs 12000 every month after the retirement age. This policy of LIC (Life Insurance Corporation) can be availed with an annuity of minimum Rs 1 lakh and there is no upper limit on investment meaning the higher the investment the higher the pension benefits offered.
Life Insurance Corporation pension plan is very special for people
In case you also wish to buy LIC Saral Pension Plan, then we would like to inform you that you can obtain this plan by visiting any local LIC branch or you can as well order it online by accessing the website of LIC (Life Insurance Corporation). In case you take this policy, you are provided with the LIC loan facility also, which you receive in accordance with your investment.
This policy of LIC will be useful in fulfilling your needs in old age
In case you also purchase LIC Saral Pension Plan, then they provide pension benefits ranging between Rs 1000 and Rs 12000. If any person acquires a policy of LIC (Life Insurance Corporation) at the age of 40 years with a 30 lakh annuity, then he is entitled to receive a pension of 12,388 rupees every month after the retirement. If you wish, you may also receive this pension amount annually whereby the annual pension of 1,48,656 rupees is provided.
Also Read: Retirement Age Of Central Employees Increased? See The Latest Notification
