LIC’s Pension Scheme: This is a great plan of LIC. In this, by paying the premium once, you can take pension for life. It is also known as LIC’s Saral Pension Scheme.
LIC’s Pension Scheme: Life Insurance Corporation of India (LIC) has started Saral Pension Scheme . If you also want to take advantage of this scheme, then you are at the right place. This is a non-linked single premium scheme (Single Premium Scheme) is. Under the plan, policyholders (Policyholders) occurs only once premium deposit, followed by policyholders (Policyholders) is the source of the lifetime pension (Life Long Pension). Let us know how you can take advantage of this scheme. It is an immediate annuity plan as per the guidelines of the insurance regulator IRDAI.
LIC (LIC) of this policy (Policy) the same terms and conditions for informed about all life insurance companies in this plan. LIC (LIC) Under this plan, the policyholder (Policyholders) can choose one of two available annuity options. In this scheme, loan can be taken even after 6 months from the date of commencement of the policy.
The first option of Saral Pension Scheme
There are two options to choose LIC’s Saral Pension Yojana. First, Life Annuity with 100% return of purchase price. This pension is for single life, i.e. pension will be attached to one of the spouses, as long as the pensioner is alive, he will continue to get pension. After his death the basic premium paid for taking the policy will be returned to his nominee.
Another option of Saral Pension Yojana
The second option is given for joint life. In this, the pension is linked to both the husband and wife. In this, the spouse who survives till the end gets pension. The amount of pension received by a person while alive, the same amount of pension will continue to be received by the other spouse for life even after the death of one. When the second pensioner also leaves the world, the nominee is paid the base value that was paid at the time of taking the policy.
Know – What is Immediate Annuity Plan
This plan of LIC is an immediate annuity plan. That is, the pension will start as soon as the policy is taken. The pensioner has the option of taking pension every month, quarterly, half yearly or once in a year. Whichever option he chooses, the pension will start in the same way.
How to take advantage of this scheme
- These plans can be purchased both online and offline.
- You can also buy it online from the website of www.licindia.in.
- The minimum annuity in the plan is Rs 12,000 per annum.
- The minimum purchase price will depend on the annual mode, option opted and the age of the policy taker.
- There is no maximum purchase price limit in this plan.
- People between 40 years to 80 years can buy this plan.
- If you want to take advantage of monthly pension, then you have to invest at least one thousand rupees in a month.
- Similarly, for quarterly pension, at least 3 thousand will have to be invested in a month.
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