LIC has launched Saral Pension Scheme on 1st July itself. The minimum annual pension under this scheme is Rs 12 thousand and for that a lump sum amount of at least Rs 2 lakh 40 thousand will have to be deposited.
LIC Saral Pension scheme: The country’s largest insurance company Life Insurance Company has launched LIC Saral Pension scheme on July 1. Its table number is 862. It is a single premium plan and after that you will get pension. Also, this plan can also be taken with Spouse. It is available both online and offline.
LIC has kept the option of two types of pension under the Saral Pension Scheme. Under the first option, the policyholder will continue to receive pension for life and in case of death, 100% of the sum assured will be given to the nominee. Under the second option, the policyholder will get pension for life. After his death, the spouse i.e. husband and wife will get pension for life. After the death of the last survivor, 100% sum assured will be returned to the nominee.
Minimum entry age 40 years
Under the Saral Pension scheme, pension will be available on monthly, quarterly, half yearly and yearly basis. It has to be selected first. The minimum age to take this plan is 40 years and the maximum entry age is 80 years. Under this plan, the minimum monthly pension is Rs 1000, Rs 3000 on quarterly basis, Rs 6000 on half yearly basis and Rs 12 thousand on annual basis. There is no limit on maximum annuity.
Loan even after six months
Talking about the premium price or minimum purchase price, it depends on which option the policyholder has opted for and the annuity he has opted for. Talking about the loan, it can be availed after six months of taking the policy.
12300 will get annual pension
According to the calculator available on LIC’s website, if the policyholder is 41 years old and opts for 100% annuity option under Jeevan Saral and deposits Rs 3 lakh, then every year Rs 14760 will be received as pension for life. . Half yearly pension will be Rs 7275, quarterly pension will be Rs 3608 and monthly pension will be Rs 1195. According to this calculator, at least Rs 2 lakh 40 thousand will have to be deposited in the Saral Pension scheme. If a policyholder of 41 years deposits Rs 2.5 lakh, then his annual pension will be Rs 12300.
