For retirement planning, you can invest in LIC’s Jeevan Saral Pension Scheme. In this plan of the country’s largest insurance company, you have to deposit money only once. Then after retirement, you will be able to get a pension of at least 12 thousand rupees annually for the rest of your life.
LIC Jeevan Saral Pension Plan: If you want to make life easy after retirement and do not want to be dependent on anyone for everyday expenses, then invest in LIC’s Jeevan Saral Pension Scheme can do. In this plan of the country’s largest insurance company, you have to deposit money only once. Then after retirement, you will be able to get a pension of at least 12 thousand rupees annually for the rest of your life.
This pension amount depends on the purchase value of the plan. You can choose to get pension on monthly, quarterly, half yearly and yearly basis. It is a non-linked, single premium, individual immediate annuity plan. This plan can also be taken with spouse. let’s know thatLICWhat are the features and benefits of Saral Pension Yojana.
Policy has two options
- This is a standard immediate annuity plan.
- The policyholder can choose between two annuity plans by purchasing the plan in lump sum.
- Under the first option, the insured will continue to get pension for life and after his death, the pension will stop and 100% of the purchase price will be paid to the nominee.
- Under the second option, pension will be paid till the life of either of the insured and his spouse. After the death of both, the pension will stop and 100% of the purchase price of the policy will be paid to the nominee or heir.
Can buy online or offline
This plan can be bought both online and offline. People in the age group of 40-80 years can buy this plan. Under the plan, there is an option of pension of at least Rs 1000 every month, Rs 3000 quarterly, Rs 6000 half yearly and Rs 12000 thousand annually.
Can surrender in six months
You can surrender the policy after six months of purchase. On surrender, 95 percent of the purchase price will be refunded and if there is any loan taken against the policy, then after deducting it, the remaining amount will be returned. Loan can be availed after six months of buying the policy. If you do not like the policy, you can withdraw it within 15 days from the date of issue of the policy bond. In case of buying a policy online, this free look period is 30 days.
know also
The minimum purchase price of the policy depends on the minimum annuity, the option opted and the age of the policyholder. There is no limit on the maximum purchase price. Annuity refers to the amount that the insurance company provides to the customer at a fixed time interval in return for the deposit money.
