New Delhi: The Life Insurance Corporation of India (LIC) offers a range of pension schemes designed to provide financial security during retirement. Among these, the single-premium pension plans have gained significant attention for their simplicity and long-term benefits. By making a one-time investment, individuals can secure a monthly pension of ₹12,000 for life, ensuring a steady income during their golden years.
Key Features of the Scheme:
- Single Premium Payment: Investors are required to make a one-time lump sum payment, eliminating the need for recurring premiums.
- Lifetime Pension: The scheme guarantees a fixed monthly pension of ₹12,000, providing financial stability and peace of mind.
- Flexible Options: Policyholders can choose from various annuity options, including immediate or deferred pensions, based on their financial needs and retirement goals.
- Nomination Facility: In the event of the policyholder’s demise, the nominee will receive the purchase price or other benefits as per the chosen plan.
Eligibility Criteria:
- Minimum entry age: 30 years
- Maximum entry age: 85 years
- Minimum investment amount: Varies based on the desired pension amount
How to Apply:
Interested individuals can visit the official LIC website or their nearest LIC branch to learn more about the scheme and complete the application process. It is advisable to consult with an LIC advisor to understand the terms and conditions and select the most suitable plan.
LIC’s pension schemes are tailored to meet the diverse needs of retirees, offering a reliable source of income and financial independence. With a one-time investment, individuals can enjoy a worry-free retirement and focus on living life to the fullest.
