LIC Saral Pension Scheme 2021: LIC Saral Pension Scheme was launched in the year July 2021. This is a non-linked, non-participating, single premium plan.
LIC Plan: If you are also looking for an earning option for your old age, then today we will tell you about such a plan of LIC, in which you can earn 12000 rupees throughout your life without doing anything. Many types of plans are taken out by LIC for the customers. LIC Saral Pension Scheme is one of these. This scheme was launched in the year July 2021. It is a non-linked, non-participating, single premium, individual immediate annuity plan.
Can also take joint plan
You can also take this plan alone. Apart from this, if you can take it in joint form with your wife or husband. In this, whoever survives for a long time, gets a pension. When both are no more, the nominee will get the base price.
Know what is LIC’s plan
- Anyone between 40 to 80 years can take LIC Saral Pension Plan.
- In joint life annuity option, the age of both should be between 40 to 80.
- In this you have the option to take monthly, quarterly, half yearly and yearly pension.
- You can also take a loan in this policy after 6 months.
- In this plan, you have to invest a minimum of 1000 rupees per month.
- There is no limit on the maximum amount.
First option
This plan is available in two forms. In this, the first option is Life Annuity with 100% Return of Purchase Price and the second option is Joint Life Pension Scheme. Let us tell you that the first option i.e. life annuity with 100% return of purchase price is for a single individual. That is, as long as that person is alive, he will continue to get the salary pension and after his death, the base premium will be paid to the nominee.
Second option
Talking about the second option i.e. joint life pension scheme, it is for both husband and wife. In this, the husband or wife will continue to get pension till life time. If one dies, the other person will continue to get pension as long as he lives. When both are no more, the nominee will get the base price.
