LIC Saral Pension Plan: If you are in a job and you are troubled by the tension of regular income in your old age, then you must know about LIC’s Saral Pension Plan. Through this, you can take advantage of pension for life.
LIC Saral Pension Plan: It is said that the biggest power in old age is your money. That’s why it is very important to do retirement planning along with the job because in old age your body is not able to work hard. In today’s time, there are many such schemes through which you get regular income on old age and your daily needs are easily fulfilled in old age.
If you are also looking for a similar pension plan, then you must know about LIC Saral Pension Plan. Through this scheme, you can take advantage of pension for life. The special thing is that you will not have to wait for the age of 60 years to get pension in this. You can take advantage of pension only from the age of 40. Know all the features of this scheme.
Know about Saral Pension Plan
LIC’s Saral Pension Plan is an immediate annuity plan. You start getting pension as soon as you take a policy in it. While buying the policy under this scheme, you have to pay the premium only once. The policyholder starts getting pension only after the payment of the premium and the same amount of pension is received for the first time, throughout the life. If the buyer of the policy dies due to any reason, then his deposit amount is returned to his nominee.
Single life and second joint life plan
The benefit of Saral Pension Plan can be taken in two ways. First single life and second joint life. As long as the policy holder is alive in single life, he will continue to get pension. After death, the investment amount will be returned to the nominee. Whereas joint life covers both husband and wife. In this, pension is given to the primary policyholder till he is alive. After death, his spouse gets the benefit of pension. On the death of both, the deposited amount is given to the nominee.
Minimum 1000 rupees pension, no maximum limit
Under the Saral Pension Yojana, you can take a monthly pension of Rs 1000 and there is no limit on the maximum pension. This pension depends on the amount of your investment. For pension, you get the option of monthly, quarterly, half-yearly and annual pension. You will be given pension according to the option you choose. According to LIC’s website, if you invest Rs 10 lakh in it at the age of 60, you will get Rs 58950 annually. On the other hand, taking a joint life plan will get Rs 58,250 annually. You can buy it both online and offline.
No need to wait till the age of 60
In this scheme, you do not have to wait till the age of 60 to get pension. You can invest in it anytime from the age of 40 years to 80 years and can start taking the benefit of pension along with the investment. If you invest in Saral Pension Scheme at the age of 40, then from the same age you start getting the benefit of pension, which will be available for life.
Loan facility also
You also get the facility of loan in this plan of LIC. You will start getting the loan facility from 6 months after purchasing the plan. In case of an emergency, if you want to surrender the policy, then after six months you also get this facility.
