Get Rs 22000 Every Month With LIC Investments
Now is not the time to depend on someone in old age after retirement. Rather, now is the time for financial independence and to become self-reliant.
If you want to be financially independent after retirement, we will tell you about a strategy that will allow you to receive a monthly pension of Rs. 22,000.
For this, you have to take advantage of the scheme of LIC, the country’s largest and government-owned insurance company. Learn more about the specifics.
Pension After 60 Years
Investing in LIC is considered safe as it is a government company. The name LIC has been very famous for years.
Millions of people in the country are connected with LIC. If you also want to take advantage of its better pension scheme, then we will tell you about it here.
You will be given a substantial pension after the age of 60.
Saral Pension Plan
The Saral Pension Plan is the LIC pension scheme that we will present to you.You must be at least 40 years old to participate in this scheme.
The specialty of this plan is that if you deposit a premium of Rs 10 lakh in it, then after the age of 60 you will get a pension of Rs 50250 annually (more than Rs 4000 monthly).
When Will I Receive My Pension?
This pension will be given to you for life. If you want to exit the policy, it can be done. But for this, 5% of the amount will be deducted from your deposit, and the remaining money will be returned.
If a little planning is done in this scheme, then you can get a monthly pension of 22 thousand rupees. know how
Invest in Mutual Funds
If you start a monthly SIP of Rs 4200 every month in a mutual fund scheme at the age of 40, you can add around Rs 41 lakh by the age of 60.
It is assumed that the mutual fund scheme will provide an annual return of 12%.So when you turn 60, stop the SIP and get Rs 41 lakh.
22,000 Rupee Pension
With the 10 lakh rupees you have invested in the Saral Pension Yojana, you will start getting 4200 rupees per month at the age of 60.
If you deposit the Rs 41 lakh you have added to another pension scheme at LIC, you will get another pension of Rs 18,000. You will receive Rs 22,000 per month if you combine both pensions.This money will be available for life.
There is no maximum limit under the Saral Pension Yojana. According to the LIC calculator, if you are 42 years old and buy an annuity of Rs 30 lakh, you will get a pension of Rs 12,388 per month.
If you have a serious illness and need money for treatment, then you can withdraw the money deposited in the Saral Pension Yojana. On surrender of the policy, 95% of the base price is refunded.
