In this LIC plan, premium has to be paid only once. Thereafter, after 60 years, one can get a pension of Rs.1000 to Rs.12000 per month.
Life Insurance Corporation of India (LIC) has launched Saral Pension Scheme. You too can take advantage of this simple pension plan. In this LIC plan, premium has to be paid only once. Thereafter, after 60 years, one can get a pension from Rs.1000 to Rs.12000 per month. This pension money will be given to the customer for life.
There are two methods of LIC simple pension plan. First Life Annuity with 100 percent return of purchase price. This pension is for single life. This means that the pension scheme will be linked to a single person. As long as the pensioner is alive, they will continue to receive this pension. The nominee then gets the base premium.
The second pension plan is for joint life. Both the husband and wife get pension in this. According to the pension scheme, whichever of the two is alive will continue to receive a pension. When both are not alive, the nominee will receive the base price.
>> The pension will start from the time the policy is taken out for the insured.
>> The insured can decide for himself how to get the pension every month, quarterly, six months or year. Depending on your investment, you can get a pension of Rs.1000 to Rs.12000 per month.
>> This pension plan can be availed both online or offline.
>> In this scheme a minimum amount of Rs. 12000 per annum has to be invested. Also, you can invest as much as you want.
>> This plan is for people between 40 and 80 years of age.
>> Under this scheme, the policyholder can avail the loan at any time after 6 months from the date of commencement of the policy.
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