LIC Saral Pension Yojna: Pay the premium once and get Rs. 12000 per month, find out the details
By Lokmat English Desk | Updated: June 20, 2022 16:26 IST2022-06-20T16:26:38+5:302022-06-20T16:26:38+5:30
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LIC Saral Pension Yojna: If you are thinking of getting an insurance plan, this news will be useful for you. LIC, the largest insurance company in the country, offers customers safe and good return plans.
One such scheme is the LIC Simple Pension Scheme. This scheme can be a great option for you. This is a non-linked, single premium annuity plan. This plan can also be taken with a spouse. Learn more about this plan ...
Life Insurance Corporation of India (LIC) launched Saral Pension Scheme on 1st July 2021, taking into account the financial needs of the citizens. The most important thing about this policy is that you can get a fixed income every month by paying premium only once.
LIC's Simple Pension Plan policyholders get a monthly pension of Rs. 12,000. The minimum annuity under this scheme is Rs. 12,000 per annum.
The minimum purchase price will depend on the annuity mode, the option chosen and the age of the policyholder. There is no limit on the maximum purchase price. This plan is available for 40 to 80 year olds.
If you want to avail monthly pension under this scheme, you will have to deposit at least Rs.1000 per month. Similarly, a quarterly pension requires a minimum investment of Rs 3,000 per month. Under LIC's scheme, there are two options available to the policyholder on a lump sum payment
Another option is for the policyholder to receive a lifetime pension. After their death, the couple will receive a lifetime pension. Upon death of the last survivor, 100% of the sum insured will be refunded to the nominee.