LIC Pension Scheme: Today in this article we will tell you about the best plans of Life Insurance Corporation of India. Where you can get pension throughout your life by investing just once. Under this scheme you will get a pension of Rs 12,237 per month. Read the complete article to know complete information related to this scheme.
Lakhs of people work in government jobs in the country. Those people get huge amount after retirement. Apart from this, pension is also available every month. In such a situation, government employees live a comfortable life even in old age. But, non-government employees remain worried about their old age, because they do not get the same pension as non-government employees.
But now these people have no need to worry. Life Insurance Corporation of India (LIC) has such a great scheme, where once you invest, you keep getting pension throughout your life.
Another special thing is that you will not have to wait for 60 years to get pension under this scheme of LIC. You will start getting pension as soon as you turn 40. Actually, the name of the LIC scheme we are going to talk about is Immediate Annuity Plan. This scheme can be availed in two ways: first single life and second joint life.
If you choose the single life option, you will get pension for your whole life. If you die midway, the money will be given to the nominee later. Also, if the joint life policyholder dies, his wife will receive the pension amount. The minimum age for this scheme is 40 years and maximum 80 years.
The special thing is that pension starts immediately after taking the joint life policy. Under this scheme, you can take it alone or with your spouse. Its biggest feature is that you can surrender the policy even after 6 months of inception.
After this you can get a minimum monthly pension of Rs 1000. This means that you will get at least Rs 12,000 per year as pension. You can choose any of the options for pension, monthly, quarterly, half-yearly and annually.