ପଛକୁ
Description : This is a pension plan for senior citizens who are 60 years and above. For Financial Year 2022-23, the Scheme shall provide an assured pension of 7.40% p.a. payable monthly. This assured rate of pension shall be payable for the full policy term of 10 years for all the policies purchased till 31st March, 2023Eligibility : Minimum Entry Age: 60 years (completed) Maximum Entry Age: No limit Policy Term : 10 yearsProcess : This scheme can be purchased offline as well as online. Online Process:
- Go to the LIC official website
- Register yourself and fill in the details asked for
- Upload all the necessary documents and submit the online form after selecting your pension plan
Offline Process:
- Go to the LIC official website
- Download the offline form
- Fill up all the details asked on the form and attach all the necessary documents
- Submit the form and the documents to the nearest LIC office
*Mode of pension payment: The modes of pension payment are monthly, quarterly, half-yearly & yearly. The pension payment shall be through NEFT or Aadhaar Enabled Payment System. The first installment of pension shall be paid after 1 year, 6 months, 3 months or 1 month from the date of purchase of the same depending on the mode of pension payment i.e. yearly, half-yearly, quarterly or monthly respectively.
*Payment of Purchase Price: The scheme can be purchased by payment of a lump sum Purchase Price. The pensioner has the option to choose either the amount of pension or the Purchase Price.
The minimum and maximum Purchase Prices under different modes of pension will be as under: Mode of Pension Minimum Purchase Price Maximum Purchase Price Yearly Rs. 1,56,658 Rs. 14,49,086 Half-yearly Rs. 1,59,574 Rs. 14,76,064 Quarterly Rs. 1,61,074 Rs. 14,89,933 Monthly Rs. 1,62,162 Rs. 15,00,000 The Purchase Price to be charged shall be rounded to the nearest rupee.
Minimum Pension: 1,000/- per month 3,000/- per quarter 6,000/-per half-year 12,000/- per year
Maximum Pension: 9,250/-per month 27,750/-per quarter 55,500/-per half-year 1,11,000/-per yearBenefit : A pension plan with attractive interest rate subsidized by Government of India
