LIC Special Scheme: One-Time Investment to Receive ₹12,000 Monthly Pension — Full Details Explained
LIC’s Saral Pension Scheme is a simple, safe, and reliable retirement solution offering lifetime pension after a single investment. With flexible age eligibility (40–80 years), joint-life options, surrender facility, and regular pension payouts, it has become a top choice for people planning secure, tension-free post-retirement income.
What Makes LIC Saral Pension Special?
- Single premium plan: Invest just once and receive pension throughout your life.
- Guaranteed lifelong income: The pension amount remains fixed and continues as long as you live.
- Available for ages 40 to 80: Wide eligibility range suitable for mid-life and senior citizens.
- Flexible payout options: Choose monthly, quarterly, half-yearly, or yearly pension.
- Joint-life option: Can be taken individually or jointly with spouse.
- No upper limit on investment: Higher investment = higher pension.
- Loan facility: Loan available after 6 months of policy commencement.
- Surrender option: Policyholder can surrender anytime after 6 months if needed.
- Return of Purchase Price on death: Nominee receives the entire lump-sum invested amount.
How You Can Earn ₹12,000 Monthly Pension
Pension in Saral Pension depends on the lump-sum amount invested as “Purchase Price”.
- Minimum pension allowed: ₹12,000 per year.
- No maximum investment limit — higher purchase price means higher annuity.
✔️ According to LIC’s annuity calculator,
if a 42-year-old invests ₹30,00,000 (₹30 lakh) in Saral Pension,
they will receive approximately:
➤ ₹12,388 every month as pension (for life)
This makes it an excellent option for people retiring with lump-sum amounts like PF, gratuity, or savings and wanting stable monthly income.
Benefits for Husband & Wife (Joint Life Option)
- Both husband and wife receive lifelong pension.
- After one partner’s demise, the surviving partner continues receiving full pension.
- On the death of both, the nominee receives the full purchase price.
Loan & Surrender Benefits
- Loan available after 6 months to help during emergencies.
- Policy can be surrendered after 6 months if the holder no longer needs the plan.
- Nominee receives full investment amount in case of policyholder’s death.
Why LIC Saral Pension Is Ideal for Retirement Planning
- Perfect for individuals who want predictable, tension-free monthly income.
- Great for retirees who have PF or gratuity lump-sum available.
- Risk-free annuity guaranteed by LIC — India’s most trusted insurer.
- No market risk—returns remain steady throughout life.
- Helps maintain financial independence in old age.
The LIC Saral Pension Scheme is one of the most reliable retirement solutions in India.
With just a one-time investment, it ensures lifelong monthly income, security for your spouse, and returns your entire investment to your nominee — making it a complete income protection plan for senior years.
Invest once, enjoy pension for life — a perfect choice for retirement peace and financial stability.
