LIC Saral Pension Yojana: LIC is running many types of policies. If you are also looking for a plan to earn lifetime, then today we will tell you about such a plan of LIC, in which you will get money every month. The name of the policy of LIC is Saral Pension Yojana. In this scheme, you can get pension only from the age of 40 years. Let us tell you about this scheme.
Premium has to be paid once
This is a type of single premium pension plan, in which you have to pay premium only once and you can earn for life. If the policyholder dies, the money deposited i.e. the premium is returned to the nominee.
Saral Pension Yojana is an immediate annuity plan, that is, you start getting pension as soon as you take the policy. The amount of pension that starts after taking this policy, the same amount of pension is available for the whole life.
How can I get this plan?
Single life means that the policy will be in the name of one person, as long as the pensioner is alive, he will continue to get pension, after his death the amount of basic premium will be returned to his nominee.
Joint Life – In this both husband and wife are insured. As long as the primary pensioner is alive, he will continue to get pension. After his death, his spouse will continue to get pension for life, after his death the basic premium money will be handed over to his nominee.
What is the specialty of the plan
- The minimum age limit for the benefit of this scheme is 40 years and maximum is 80 years.
- This is a whole life policy, so the pension is available for the whole life.
- The Saral Pension policy can be surrendered anytime after six months from the date of inception.
- You can take pension every month.
- Apart from this, it can also be taken on a quarterly, half-yearly and yearly basis.
How to get Rs 50,000 pension
If you need money every month, then you have to take at least 1000 rupees pension. In this you have to select the minimum pension of Rs 12000. Whereas, there is no limit on the maximum.
If you are 40 years old and have deposited a single premium of Rs 10 lakh, then you will start getting Rs 50,250 annually which will continue to be available throughout your life. Apart from this, if you want your deposited money back in the middle, then in such a situation, after deducting 5 percent, you will get the money back.
