LIC pension policy at 47 age?



I am 47 yrs of age and wish to buy a LIC policy for pension. At present I can invest Rs. 5000 per month. Please let me know how much pension I can get every month after my retirement.
Or please suggest a option where I can have income of Rs 50K to Rs. 60K per month after my retirement.

LIC pension policy at 47 age?
Rate these answers

3 Replies to “LIC pension policy at 47 age?”

  1. Thanks for asking , If you like to LIC`s pension plan then i suggest an example of a plan .
    Your yearly premium – 68224 ( paying up to your 60 yrs of age )
    Risk cover – 11 lac
    After 60 yrs of age – you can get 9647 p/m
    Second one if you like to get 50K p/m as a pension after 60 yrs of age then you have to pay now 31818 p/m .
    Pension plan thumb rule is start as lower the age and get much more .
    For more details about that plan you may discuss with your nearest trusted advisor , other wise i fill glad to help you here.


  2. Avoid Policies from Insurance.Companies.

    Your Pension depends upon your CORPUS AT RETIREMENT.

    Create a bigger corpus by investing in a combination of PPF with SBI ( nearest branch) and a SIP in HDFC BALANCED FUND.

    At 60 , you can buy IMMEDIATE ANNUITY or INVEST in OTHER AVENUES to get a GOOD MONTHLY INCOME.

    By putting money in insurance schemes you are limiting your corpus as well as pension.


  3. I would like you to take Endowment plan ( Chain Option Plan ) which carry the bunch of 20 Policy consisting 1 Lakh Life cover each.
    after 13 Year from the age of 50 – 70 …every year you will get 1.8 Lakh every year till 70 year.

    BUT U MUST TAKE THE POLICY ON NAME OF YOUR YOUNGEST FAMILY MEMBER AND BECOME PROPOSER IN ALL POLICY .

    for more info

    http://www.bestlicindia.com





Leave a Reply

Your email address will not be published. Required fields are marked *