We all earn money but it is very important to invest that money. This investment money is very useful when our next generation or we cannot earn money when we are poor. It is very important for us to take insurance to invest money. In that, the well-known company LIC of India has come up with a great plan.
Millions of people are doing government jobs in the country. These people get a large amount of pension when they retire. These people live very easily even in old age. But it becomes a concern for people who are not doing government jobs. Because they don’t get pension like government employees. But even those people need not worry now. LIC means Life Insurance Company Limited of India has come up with a best scheme.
Under this scheme if you invest once then you will get pension for life. But the special thing about it is that you don’t have to wait till the age of 60 to get this pension. Your age will be 40 years so you will start getting pension. The name of the scheme of LIC that we are going to talk about is the then Annual Pension Yojana. The benefits of this scheme can be availed in two ways one is single life and the other is joint life.
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If you choose single life option then you will get lifetime pension. If you die midway for any reason, the money will be paid to your nominee. If the joint policy holder dies, then his wife will get the pension. Minimum age for this scheme is 40 years and maximum age is 80 years.