LIC Saral Pension Yojana: If you are thinking of retirement and want to invest money in a safe place, then you can invest in Saral Pension Scheme of Life Insurance Corporation of India. There are many benefits of this plan. In this, you can start taking pension from the age of 40, not 60. In this scheme you just have to invest a lump sum amount and you can get pension for life. Today we will give you all the information related to this scheme, which can help you in investing.
Pension can be taken in these 2 ways
You can take this plan in both single life and joint life mode. In single life policy, this pension will be in the name of any one. As long as the pensioners are alive, they will continue to get the pension but on death, the nominee will get the base price. While Joint Life provides coverage to both the spouses, in this both the husband and wife can get pension. If both of them die due to any reason, then the nominee will get this amount.
Who can take this scheme?
If you want to take advantage of this scheme, then your age should be between 40-80 years. Under this scheme, you will get a lifetime pension. If the pensioner dies due to any reason, then the nominee will get this base price. If you do not like this plan after taking it, then you can surrender it anytime for 6 months from the date of taking it.
Till when will you get pension?
If you want this pension quarterly, half-yearly, monthly or annually, then you will decide for yourself. You have 4 options. If you want, you can take this pension every month, every 3 months, you can take this pension every 6 months or every 12 months. Whichever option you choose, your pension will start coming in that period only.
How much pension will be received under the scheme?
You have to decide for yourself how much pension you want. This means that whatever amount of pension you want, you will have to pay accordingly. Suppose you are 40 years old and you have deposited a single premium of Rs 10 lakh, then you will start getting Rs 50250 annually.
Facility to take loan against the scheme
If you get any serious illness during the policy and you need money, then you can withdraw the money deposited in Saral Pension Yojana. On surrendering the policy, you will get 95% refund. Apart from this, you can also take a loan on this scheme, after the scheme starts, you can take a loan on it.
