Nowadays inflation has increased so much that everyone wants that there should be no problem of money after retirement. That is why people start planning for retirement in advance. Life Insurance Corporation of India (LIC), which is the most well-known insurance company in India, keeps bringing out great policies for all types of people. LIC has started a special plan for the elderly, named LIC Saral Pension Plan.
LIC Saral Pension Plan 2025
LIC is a government insurance company, and all its policies run under the supervision of the government. Therefore, investing money in LIC policy is considered absolutely safe. If you are also worried about your old age, then you can start investing in LIC Saral Pension Plan from today itself.
In this policy of LIC, you just have to deposit money once. Then after the age of 60, you will continue to get pension every month, for the whole life. This policy is a very good way to secure your future and get guaranteed pension every month.
LIC Saral Pension Plan – Important Points
LIC Saral Pension Plan is a ‘single premium’ pension plan. This means you have to pay the premium only once. Then after the age of 60, you will keep getting pension for the whole life. By investing money once in this policy of LIC, you get guaranteed pension after 60 years. In this policy, you can get pension ranging from ₹ 1000 to ₹ 12000.
Who can invest in LIC Saral Pension Plan?
If you also want to invest in LIC Saral Pension Plan and avail the benefit of pension every month, then you have to buy this policy at least for 40 years and at most for 80 years of age. And in this, money has to be deposited in one go. When you turn 60 years old, LIC will start giving you pension every month. You can take this pension every month, once in three months, once in six months, or once in a year.
What other benefits are there in this policy?
Investing in LIC Saral Pension Plan also gives you tax exemption under Section 80C of Income Tax. You can buy this policy of LIC with an annuity of at least ₹ 1 lakh, and there is no maximum investment limit. And if you need money later, you can also get a loan.
How much will have to be invested for pension of ₹ 12000 every month?
Suppose, if a policy holder buys LIC Saral Pension Plan with an annuity of ₹ 30 lakh at the age of 40, then after the age of 60, he will start getting a pension of ₹ 12,338 every month from LIC. With which he can spend his entire life happily.
