LIC Smart Pension Plan: Everyone saves some of their earnings and plans to invest these savings in such a way that after retirement (retirement) they get regular income and don’t run out of money. For this purpose, a policy from the country’s largest insurance company LIC can be of great help to you. Which guarantees lifetime pension. This is the name of the plan LIC Smart Pension Plan, In which a lump sum (together) investment of ₹ 25 per month,000 can be fixed as pension.
Age limit from 18 to 100 years
Smart Pension Plan of Life Insurance Corporation of India (LIC) is a single premium scheme, Under which single or joint pension can be availed. Life after retirement can be worry-free through this scheme, Because it guarantees lifetime pension. People between the age of 18 years to 100 years can invest under this scheme. If the policyholder dies, Then the principal amount invested is returned to the nominee.
Why is LIC Smart Pension Yojana special?
This plan is a great option for those who want to get regular income after retirement. Under this scheme, the premium has to be paid in lump sum and the pension amount decided at that time continues for life. You can also opt for partial or full withdrawal.
The bigger the investment, the bigger the pension
Under this scheme, husband and wife can avail pension by opening a joint account together. As for investment limits, Investment can be started with a minimum of ₹1 lakh and no limit has been set for the maximum investment. That means the more you invest, The higher the monthly pension will be.
These special benefits will be available along with the loan
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Immediate Annuity: This plan is not market linked, So the ups and downs of the stock market have no impact on the pension.
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Loan Facility: Loan facility is available only after 3 months of policy inception.
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Pension Supplemental Option: The scheme also provides an option to increase the pension by 3% to 6% per annum.
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Security to Nominees: After the death of the policyholder, the principal investment amount is handed over to the nominee.
₹25,000 calculated to get pension
If a person retiring at the age of 60 buys a single life annuity by investing a lump sum of ₹32 lakh in this policy, he will get an annual pension of ₹3,01,056, which translates into a monthly pension of around ₹25,088 per month fixed for life.
Where can one buy this policy?
The benefit of this pension scheme can be availed by getting pension on monthly, quarterly, half-yearly or yearly basis. This policy can be purchased online from the official website of LIC or offline from LIC agents, POSP-Life Insurance and Common Service Center (CSC).
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