If you are also thinking of taking an insurance plan, then there may be useful news for you. It is a non-linked, single premium, individual immediate annuity plan. This plan can also be taken with the spouse..
LIC Saral Pension Yojna: If you are also thinking of taking an insurance plan, then this can be useful news for you. If you want to take a plan of the country’s largest insurance company LIC (LIC insurance policy), then LIC Saral Pension Yojna can be a better option for you. It is a non-linked, single premium, individual immediate annuity plan. This plan can also be taken with the spouse. Let’s know in details-
When was this policy launched?
Life Insurance Corporation of India (LIC) launched Saral Pension Yojana on July 1, 2021 keeping in mind the financial needs of the people. The most important thing about this policy is that in this you can get fixed income every month by paying premium only once. In this scheme, you will be able to take a loan at any time after six months from the date of commencement of the policy. You can buy this policy online and offline.
LIC’s Saral Pension plan policyholder gets a monthly pension of Rs 12,000. The minimum annuity under this plan is Rs 12,000 per year. The minimum purchase price will depend on the annuity mode, option chosen and the age of the policyholder. There is no limit on the maximum purchase price. This scheme is available for the age group of 40 years to 80 years.
Know what is its specialty?
Under this plan, if you want to take advantage of monthly pension, then you will have to deposit at least Rs 1,000 every month. Similarly for quarterly pension one has to invest 3000 in at least one month. Under this scheme of LIC, the policyholder has the option of choosing an annuity from the two available options on payment of a lump sum.
Under the first option, the policyholder will continue to get pension for life and if he dies, 100% of the sum assured will go to the nominee. Will be given Second option the policy holder will get pension for life. After his death, husband and wife will get pension for life. After the death of the last survivor, 100% of the sum assured will be returned to the nominee.
