1. Life Insurance Corporation of India (LIC) has launched Saral Pension Scheme on 1st July. 2. This is a single premium plan. 3. This means that if you take the policy, you will have to pay the full premium only once. 4. After this you will continue to get a fixed pension amount for life. 5. As per this plan, the policyholder can avail the loan any time after 6 months from the date of commencement of the policy.
“It is a non-linked, non-participating, single premium and individual immediate annuity plan,” LIC said. It has been launched as per the guidelines of Insurance Regulatory and Development Authority of India (IRDAI). The terms and conditions are same for all life insurers in this plan.
You can take advantage of this scheme in 2 ways
1. There are two types of LIC Saral Pension Plan. 2. The first plan is ‘Life Annuity with 100% Return of Purchase Price’. 3. This pension is for single life, and the pension scheme will be linked to any 1 person. 4. Pensioners will continue to get pension as long as they live. 5 After that the nominee will get the base premium. On the other hand, the second pension scheme will be given for joint life. 7. In this, both husband and wife will get pension. 8. The surviving spouse will get pension. 9. When both husband and wife are no more, the nominee will get the base price.
— LIC India Forever (@LICIndiaForever) 1 July 2021
Know how you can buy the plan
You can buy this plan both online and offline. The minimum annuity in the scheme is Rs 12000 per annum. The minimum purchase price will depend on the annual mode, the option opted and the age of the policy taker. There is no maximum purchase price limit in this plan. This scheme is available to people in the age group of 40 to 80 years.
Know how much you have to invest
If you want to take the benefit of monthly pension, then you have to invest at least 1 thousand rupees in a month. Similarly, to take advantage of quarterly pension, at least 3 thousand will have to be invested in a month.
.