LIC Jeevan Saral: Life Insurance Corporation of India is the market leader of the insurance segment in the country. A major reason for this is the trust he has built over the years. LIC has a policy for everyone. People who are planning for retirement or regular income can take LIC’s Jeevan Saral policy. It provides annual income along with insurance cover. However, not everyone can avail LIC Jeevan Saral. You have to fulfill certain conditions.
LIC Jeevan Saral Policy (LIC Jeevan Saral) can give you a fixed income. You can also take annual, half-yearly and quarterly pension through LIC Jeevan Saral plan. You also have multiple payment options. Any Indian citizen between the age of 40 to 80 years can invest in this scheme. This policy has been prepared under the directions of IRDA.
You can buy the policy through online-offline mode
This policy can be purchased through the official website of LIC. However, it can be purchased through offline mode as well. This is a whole life policy plan, so after its commencement, the pension holder gets full life pension. It can be surrendered anytime after 6 months of taking the policy.
lump sum premium payment
Premium has to be paid in lump sum. If a person invests Rs 10 lakh in this policy, he will get an annual pension of Rs 52,000. Any person can get monthly pension up to Rs.12000. It is necessary to take a minimum pension of Rs 1,000 in Saral Pension Yojana.
Customer will have to undergo medical test
LIC may ask you to undergo a medical test for the policy. All the documents will be checked before issuing the policy to you. Single life policy, it will be in the name of one person. After the death of the pension holder, the base premium amount will be returned to the nominee.
