LIC Saral Pension Yojana: LIC, which runs schemes for customers of all ages, also runs a wonderful LIC Saral Pension Scheme for the elderly.
LIC Best Pension Scheme: If you are also worried about a better future after retirement, then LIC’s simple pension plan can come in handy, because the country’s largest insurance company Life Insurance Corporation of India (LIC) runs schemes for customers of all ages. . Scheme operator for customers of all ages Life Insurance Corporation A great one for the elderly too LIC SARAL PENSION SCHEME drives. This is such a pension scheme in which by investing you can get the benefit of pension even in a short period of time. For this, you do not have to wait till the age of 60. Pension starts getting even from the age of 40 years. In this plan, you have to pay the premium only once while taking the policy.
Explain that to get annuity under this scheme, one has to select one of the 2 options. After which you keep getting pension. If the policy holder dies, the entire amount is returned to his nominee. Saral Pension Yojana is a Standard Immediate Annuity Plan. Here the pension starts as soon as the policy is taken. At the time of taking this policy, the amount that starts with that amount is available throughout life.
ways to take the plan
- Single life policy, it will be in the name of one person. As long as the policy holder is there, he will continue to get this as pension. After the death of the pension holder, the base premium amount will be returned to the nominee.
- Joint Life Policy In this scheme, both the spouses get the benefit of pension. As long as the primary pension holder is alive, he will continue to get pension, after his death the amount of base premium will be returned to the nominee.
Eligibility Criteria
To take advantage of this scheme, the minimum age requirement is 40 years and the maximum is 80 years. To take this scheme, an annuity of at least Rs 12,000 will have to be bought annually. This is a whole life policy plan, so after its inception, the pension holder gets full life pension. It can be surrendered anytime after 6 months of taking the policy. You can also take this policy together as husband and wife. If the policyholder dies after taking the policy, the investment amount is returned to the nominee.
Loan can be taken on the policy after six months
Please tell that the maximum amount for investment in Saral Pension Plan has not been fixed. Any person can get pension on yearly, half-yearly, quarterly or monthly basis after paying the premium once under this plan. You can also take a loan on this policy after six months of inception. However, it is necessary to complete six months for the loan.
How much pension will you get
If any person has recently retired. He can invest the PF fund received during retirement and the money received from gratuity in it. If he buys an annuity from this lump sum investment, he will start getting pension. According to LIC Calculator, if any 42-year-old person buys an annuity of Rs 30 lakh, then he will get Rs 12,388 as pension every month. You can also take pension on six months or yearly basis. You can take a minimum pension of Rs 1,000 in Saral Pension Yojana. That is, Rs 3,000 for 3 months, Rs 6,000 for 6 months and Rs 12,000 for 12 months. There is no maximum limit here.
English News Headline : LIC Saral Pension Yojana best scheme for senior citizens.
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