LIC Saral Pension Plan: If there is no money in old age, then a person becomes dependent on others for even small needs. It is wise to start planning your retirement along with the job and invest in those schemes, which will give you regular income in old age.
LIC Saral Pension Plan: Money is called the support of old age because in old age your body is not capable of working hard. In such a situation, if you do not have money, then you become dependent on others for even small needs. Therefore, it is wise to start planning your retirement along with the job and invest in those schemes, which will give you regular income in old age.
LIC Saral Pension Plan can be very useful for you in this case. The special thing about Saral Pension Plan is that you do not have to wait till the age of 60 to get pension. You can avail pension benefits from the age of 40. Know all the important things related to this scheme
What is Saral Pension Plan
LIC’s Saral Pension Plan is an immediate annuity plan. You start getting pension as soon as you buy the policy. Under this scheme, while buying the policy, you have to pay the premium only once. After the payment of premium, the policyholder starts getting pension and the amount of pension received for the first time, the same amount is received throughout life. If the policy buyer dies due to any reason, then his deposited amount is returned to his nominee.
You can take a joint plan either single or with wife
The benefit of Saral Pension Plan can be availed in two ways. First single life and second joint life. In single life, as long as the policy holder is alive, he will keep getting pension. After death, the investment amount will be returned to the nominee. On the other hand, joint life covers both husband and wife. In this, the primary policyholder is given pension as long as he is alive. After death, his spouse gets the benefit of pension. On the death of both, the deposit amount is given to the nominee.
How much pension will be received
Under Saral Pension Yojana, you can get a monthly pension of Rs 1000 and there is no maximum limit. This pension depends on the amount you have invested. For pension, you get the option of monthly, quarterly, half-yearly and yearly pension. You will be given pension according to the option you choose.
You can take benefit from the age of 40
In this scheme, you do not have to wait for retirement to get pension. You can invest in it anytime from 40 years to 80 years of age. If you invest in Saral Pension Scheme at the age of 40, then you start getting the benefit of pension from that age, which will be available for life.
Loan facility also
You also get the facility of loan in this plan of LIC. You will start getting the loan facility after 6 months of purchasing the plan. In case of an emergency, if you want to surrender the policy, you will also get this facility after six months.
