LIC Saral Pension Scheme LIC Best Policy: LIC If you want to retire from the age of 40, then this policy is for you. LIC (Life Insurance Corporation of India) has devised a new scheme where you only have to invest once. After that you will receive a pension. The name of this special arrangement is LIC Saral Pension Yojana. Today we will tell you about this scheme in detail. We also tell you how to invest in it. So watch this news without delay.
LIC LIC Best policy: know about this plan first
To take advantage of this plan from LIC (Life Insurance Corporation of India), you have to pay a single premium, after which you get a lifelong pension. If the LIC policyholder dies, the investment amount will be refunded to his authorized representative.
The special thing about this plan is that it gives the same return throughout life. The minimum age to invest in this scheme (LIC Saral Pension Yojana) is 40 years and the maximum age is 80 years. A person can buy this plan alone and can also invest in this plan together with his/her spouse. The policyholder can cancel the policy at any time after 6 months.
so is the pension
There are four options for getting a pension in LIC Saral Pension Yojana. Clients can withdraw monthly, quarterly, semi-annually or annual pension. In this case, the minimum monthly pension would be Rs 1,000, the minimum quarterly pension would be Rs 3,000, the minimum semi-annual pension would be Rs 6,000 and the minimum annual pension would be Rs 12,000. In this scheme there is no limit to the maximum pension amount. For example, if you invest at age 42 and you buy an annuity of Rs 20 lakh, you will get a monthly pension of Rs 12,388.
Loan facility after 6 months
Loan facility is also available in this scheme (Life Insurance Corporation of India). The customer can apply for the loan six months after purchasing the plan. Apart from this, if you need money for the treatment of a disease, you can withdraw the money deposited on the policy. Upon return of the policy, the customer will receive 95% of the original value back.
What is a simple pension scheme?
The name of this plan of LIC (Life Insurance Corporation of India) is Saral Pension Yojana. It is a single premium scheme, whereby the premium is paid when the policy is taken out. After that you will receive a lifelong pension. If the purchase price is returned to the nominee upon the death of the policyholder. Saral Pension Yojana is an annuity scheme, ie you receive a pension when you take out the policy. After taking out this insurance, the pension will commence from retirement and the pension will be extended for life.
There are two ways to make use of this pension scheme:
single life – The policy is in the name of a person, as long as the pensioner is alive, he continues to receive pension, after his death the amount of basic premium (LIC premium) is refunded to his authorized representative. Joint Life – In this, both the man and the woman are insured. As long as the main pensioner is alive, he continues to receive the pension. After her death, her husband receives a lifelong pension, after his death the amount of the basic premium is transferred to his authorized representative.
Who can take Saral Retirement Yojana?
The minimum age for this LIC Simple Pension Scheme is 40 years and the maximum age is 80 years. Since it is a lifetime policy, the pension is available for life as long as the retiree lives. Simple Retirement Policy (Life Insurance Corporation of India) can be surrendered anytime after six months from the commencement date.