LIC Saral Pension Plan: India’s largest Life Insurance Corporation is trusted to insure people across the country. Nowadays people invest a lot in life insurance related policies. If you also want secure investment then LIC has come up with a great plan for you. On investing in it, you will get as much pension as you will get for the first time, so much you will get throughout your life.
LIC Saral Pension Yojana
In this news we are telling you about the simple pension scheme of LIC (LIC Saral Pension Yojana). This is an immediate annuity plan. In it you start getting pension along with taking the policy, this is a single premium pension plan.
The best part is that you don’t have to wait till the age of 60,
you will get the same amount of pension as the first time after taking this policy. You will get that pension for life. After investing in it, you don’t need to wait till the age of 60 for pension. In this scheme you start getting pension only at the age of 40 years.
Benefit of the scheme in this way
Let us tell you that you can benefit from this simple pension scheme in two ways. First there is single life, in which the policy will be in one’s name. The nominee receives the base premium amount on his death. Another option is joint life. It covers both husband and wife. First the primary pensioner gets the pension and after death the pension will be given to his spouse. If both of them die then after his death the base premium amount will be given to the nominee of his family.
These people can take the plan
This plan can be availed by a person with a minimum age of 40 years and a maximum of 80 years. In it the pension continues till the pensioner is alive. Also the policy can be canceled anytime after six months of inception. It can take you for pension every month, every 3 months, every 6 months or once in 12 months.
What is the condition in
this plan you will start getting loan after the first six months. You can opt out of the scheme after six months. It earns a fixed interest of 5 percent per annum. You will get pension as long as you are alive.
In this way, you will get a pension of 1 lakh rupees. In
this scheme, you have to take an annual pension of at least 1000 rupees or 12,000 rupees. You will have to invest 2.5 lakh rupees for that. There is no limit to draw pension. You can get a pension of Rs 50250 per year by paying a single premium of Rs 10 lakh. Here your age should be 40 years. Thus, for an annual pension of 1 lakh rupees, you have to invest 20 lakh rupees at once.