Hello dear readers, today we bring you an important piece of information.Many people nowadays invest their savings in different places.Under this investment, they invest a good amount where they can get it.So now LIC has come up with a plan for such an investment.Through which you can easily make your investment.Learn more about what this plan is. The whole thing will be covered in today’s article.Please kindly read this article to the end.To know this kind of information every day Gpscpreparation.com Keep visiting the website.
In LIC’s Simple Pension Plan, you get a fixed pension for life. It can be very helpful in rescuing you from financial crisis in old age. The most important thing is that you do not have to pay a premium every month. You only have to deposit money once and then you will get a fixed amount for the rest of your life.
How much pension you get depends on your investment.There is no maximum investment limit. Yes, the minimum limit will depend on your desired pension. Under this plan, you will get annuity, monthly, once in three months, once in six months or once in a year.
Minimum Annuity
You need at least Rs.1,000 and Rs. An annuity of Rs. Your minimum investment will also be determined from here. Apart from this you can also choose 3 and 6 month option. In which you will get an annuity of Rs.3,000 and Rs.6,000 respectively.
The Policy has Two Options
In the first option, your pension will be terminated after your death and whatever investment you have made to purchase the plan will be given to your nominee. Another option is to add your spouse to the plan with you and after your death, they will continue to receive a pension. In the event of death of both of you, the person you have chosen as the nominee will receive the investment amount. The scheme is open to people of minimum 40 years and maximum 80 years.
With this LIC scheme you can surrender in 6 months
You can surrender the policy six months after the purchase. Upon surrender, 95% of the purchase price will be refunded and if any loan has been taken against the policy, after deducting, the remaining amount will be refunded. Loans can be obtained six months after the purchase of the policy. If you do not like the policy, you can withdraw the policy bond within 15 days from the date of issue. In case of buying the policy online, this free look period is 30 days.
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