LIC Special Scheme: Invest money just once, get Rs 12000 pension every month!

 

LIC Saral Pension Scheme can be purchased by a person between the age of 40 years to 80 years. You can take this scheme alone or along with husband and wife.

Everyone saves some part of their earnings and invests it in such a place where their money is not only safe but also gets excellent returns. Some people choose schemes as a retirement plan, in which after retirement they get a fixed amount of money every month and they do not have to depend on anyone. Life Insurance Corporation (LIC), the country’s largest government insurance company, has policies for people of every age group. One of these is LIC Saral Pension Plan, which guarantees pension every month once invested.

Popular as a retirement plan

What makes LIC’s Saral Pension Scheme special is that it requires only one-time investment and pension is arranged for the whole life. This is the reason why LIC Saral Pension Plan is very popular as a retirement plan. This scheme, which gives fixed pension every month, fits perfectly into investment planning after retirement. Suppose any person has recently retired. If he can invest the money received from PF fund and gratuity during retirement, then he will continue to get the benefit of pension every month for the rest of his life.

This way you will get pension of Rs 12000 every month

In LIC Saral Pension Plan, you can buy annuity of at least Rs 12,000 annually. However, no limit on maximum investment has been set in this plan, that is, you can invest as much as you want and get pension according to that investment. In this scheme, any person can get pension on annual, half yearly, quarterly or monthly basis after paying the premium. He can buy annuity from this lump sum investment. According to LIC Calculator, if any 42 year old person buys an annuity of Rs 30 lakh, then he will get Rs 12,388 every month as pension.

Husband and wife can plan together

LIC Saral Pension Scheme can be bought by a person between the age of 40 years to 80 years. You can take this scheme alone or along with husband and wife. In this, the policyholder is also given the facility to surrender anytime after six months from the date of commencement of the policy. Apart from this, in case of death benefit, if the policyholder dies, the investment amount is returned to his nominee.

Pension and loan facilities throughout life

In this LIC scheme which guarantees pension throughout life, loan facility is also provided to the policyholder. Under Saral Pension Scheme, policyholders can also take a loan after six months. Another special thing in this simple pension scheme is that the amount of pension you start getting, you will continue to get the same amount throughout your life. To buy this plan online, you can visit the official website of LIC www.licindia.in.

Comments

Post a Comment

Popular posts from this blog

Senior Citizen Train Ticket Discount: Government has issued a new statement regarding giving discount to senior citizens on train tickets, know the details here

Image
  Senior Citizen Train Ticket Discount: Once again a demand has been made in the Lok Sabha to give discount to senior citizens on train tickets. Senior Citizen Train Ticket Discount:  Railways has withdrawn the discount given to senior citizens on train tickets since the Corona period. However, from time to time there has been a demand to restore this concession given to senior citizens in trains. Even in the winter session of the Lok Sabha, some members raised the demand for increasing fare concessions and facilities for senior citizens traveling in trains. However, even before this, Railway Minister Ashwini Vaishnav has told in the Lok Sabha that during the train journey, every passenger is given an average subsidy of 53 percent on the train ticket. Apart from this, he also told who gets discount on tickets while traveling by train. Demand for discount in train tickets raised again During Zero Hour in the House, Janata Dal (United) MP Kaushalendra Kumar said that before the Corona ep
Read more

Cash Transaction Rules: Income tax rules on cash transaction between Husband-Wife and Son-Father, know rules

Image
  Cash Transaction Rules: Income tax keeps an eye on our every transaction. But is there any tax on cash transactions or can Income Tax send a notice? Or how much cash transaction can take place between you and your wife or between father and son? If you also have these questions in your mind, then let us know their answers… If you also transact money between father and son or between husband and wife, then this news is useful for you. Actually, every transaction of ours has an eye on income. In such a situation, a question arises in the minds of many people whether income tax notice can be received even on cash transactions? Let us know how much cash transaction you can do in your family. Income tax sends notice? According to tax experts, if you give money every month for household expenses or give money as a gift, then the wife is not liable for income tax. Both these types of amounts will be considered as the income of the husband. The wife will not receive any notice from the Incom
Read more

Have a Current/Savings Bank Account? Know the Cash Deposit Limits under Income Tax Act to avoid Penalties and Notices

Image
  Adhering to cash deposit and withdrawal limits is crucial to remain compliant with the Income Tax Act in India. This article aims to elucidate the various facets of cash-related regulations, encompassing savings and current accounts, fixed deposits, credit card bill payments, real estate transactions, and more.  Cash Deposit Limits in Savings and Current Accounts The Indian Income Tax Act imposes specific regulations on significant cash deposits in savings accounts. Individuals accumulating INR 10 lakh or more during a fiscal year must notify tax authorities.  For current accounts, this threshold is set higher at INR 50 lakh. Although not immediately taxed, financial institutions report transactions exceeding these limits.  Cash Withdrawal and TDS under Section 194N  Section 194N outlines TDS rules for cash withdrawals. A 2% TDS is levied on withdrawals exceeding INR 1 crore within a fiscal year. Non-filers face a 2% TDS on withdrawals over INR 20 lakh and a 5% TDS on amounts exceedi
Read more