In the Netherlands, everyone between the ages of 18 and 67 is entitled to a pension. Photo: Getty Images
The country’s largest government-owned insurance company (LIC) has insurance for people of all ages. One of them is LIC Saral Pension Yojana, which will give you good benefits after retirement. The company promises to offer safe investments and good returns to people through this scheme.
In this plan, by investing just once, the holder will receive the fixed amount of pension every month after retirement. This is a non-linked single premium scheme. This plan provides people with secure and comfortable retirement facilities. The special thing about LIC Saral Pension Plan is that you can enjoy it alone or with your partner.
You will have to invest only once
To avail the benefits of this plan, the customer will not have to pay any monthly or annual premium. He can buy an annuity with a lump sum investment. After retirement, the pension amount will be credited to the policyholder’s bank account every month. You will receive this pension throughout your life.
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It is worth noting that the pension amount does not increase under this plan. The amount transferred to you at the start of the plan will continue to be received throughout your life. If you wish to withdraw after collecting the premium, you can do so up to six months from the start of the policy.
What will the pension amount be?
The company has not fixed any limit on the maximum pension provided under the scheme. The more money the customer invests, the higher the returns he will get. For example, suppose you are 42 years old and in such a situation, if you buy an annuity of Rs 30 lakh, then after retirement you will receive Rs 12,388 as pension every month.
In addition, if the insured dies, the investment amount is returned to his representative.
Who is eligible to benefit from this plan?
Any person between the age of 40 and 80 years can avail the benefits of LIC Saral Pension Scheme. The benefit of this scheme can be availed by one person alone or by husband and wife together. You can avail this scheme even after retirement.
