Invest in this LIC scheme; Guaranteed pension of Rs.12 thousand per month!

LIC Saral Pension Scheme | Check out the LIC scheme which provides pension up to Rs.12 thousand per month. This plan is available in a very simple way.
LIC Saral Pension Plan guarantees annual rates at the inception of the policy.

In recent years, the attractiveness of private sector jobs has increased due to competitive salaries. However, they often have no pension benefits.
Recognizing pension security, LIC has introduced Charal Pension Scheme. These schemes provide reliability to individuals for retirement planning.

LIC Charal Pension Scheme

LIC Charal Pension Scheme is a fixed immediate annuity scheme which operates as per the Insurance Regulatory and Development Authority of India (IRDAI) guidelines.

This plan guarantees annual rates at the inception of the policy. Also, the annuity pays for the lifetime of the annuitant.

LIC Charal Pension Scheme offers 2 annual options.

First type I

A life annuity with income of 100 percent of the purchase price.

Type II II

With Joint Life Last Survivor Annuity, 100 percent of the purchase amount is available to married policyholders on the death of the last survivor.

Eligibility Requirements to avail LIC Charal Pension Scheme

Age limit

Policy holder should be between 40 to 80 years. There is no maximum limit in the policy.

Minimum annuity amounts range from Rs.1,000 per month to Rs.12,000 per year, depending on the method chosen.

Incentives are provided in LIC Charal Pension Scheme. Incentives vary based on annual payments.

LIC Charal Pension Plan provides a practical retirement planning solution to individuals. It allows you to get through the whole year through total investments including PF and gratuity amount received during retirement.

According to the LIC calculator, a 42-year-old can pay Rs. 30 lakhs invested, every month pension of Rs. 12 thousand 388 will be available.

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