LIC Scheme- Invest once in this scheme of LIC, and you will get a pension of Rs 12000 for life, know full details

We all know that human life is full of uncertainties, there is no guarantee of what will happen here, so we need to be prepared for our future, especially financial challenges. Without a stable income after retirement, it becomes necessary to have a reliable and sustainable source of funds for everyday expenses. To make this possible, people need to invest in plans that provide long-term benefits and financial stability. If you are also looking for such a plan, then LIC has brought for you LIC Saral Pension Yojana, which is a non-linked, single-premium, individual immediate annuity plan. This plan is designed to provide a stable source of income after retirement, let's know the full details of this plan-

Key Features of LIC Saral Pension Yojana Lumpsum Investment: The most attractive feature of this plan is that it requires a lump sum investment. Once you invest, you will receive a lifetime pension without any additional contribution.

Flexibility in participation: You can choose to take the pension alone or jointly with your spouse, depending on your personal preference.

Age criteria: The scheme is open to individuals aged between 40 and 80 years, making it accessible to a wide range of people planning for their post-retirement needs.

Pension options: Investors can choose from multiple pension payout frequencies to suit their needs.

The available options include:

Monthly pension: Minimum ₹1,000

Quarterly pension: Minimum ₹3,000

Half-yearly pension: Minimum ₹6,000

Annual pension: Minimum ₹12,000 No maximum limit on pension:

A key feature of this scheme is that there is no limit on the maximum pension amount. For example, if you are 42 years old and invest ₹30 lakh, you can get a pension of ₹12,388 every month.

Loan Facility: After six months of policy commencement, you have the option to take a loan against your policy, which provides you with cash in case of an emergency.

Policy Surrender: If you need to withdraw funds, the LIC Saral Pension Plan allows you to surrender the policy after six months.

Health Emergency: If you face an unexpected health crisis, the policy also offers the facility to withdraw funds for medical treatment.

Disclaimer: This Content Has Been Sourced And Edited From [Samacharnama]