LIC Saral Pension Plan: The most convenient thing that policyholders have is that you can choose to pay the premium annually, half-yearly, quarterly or even every month.
LIC Saral Pension Plan: LIC Jeevan Saral Policy is an endowment plan that helps the policyholders save and also provides financial security. LIC Jeevan Saral program also offers benefits like tax savings and loans. The plan also provides financial protection at the time of death during the entire term.
The death benefit will be directly related to the premium paid. Whereas, the maturity sum assured depends on the age at which the policy is taken and is payable on survival till the end of the policy term. It also relaxes the conditions.
The most convenient thing that policyholders have is that you can choose to pay the premium annually, half-yearly, quarterly or even every month.
The investor or pensioner will continue to receive pension payments as long as he/she is alive. After the death of the investor, the nominee will receive the base premium.
Benefits of LIC Jeevan Saral Policy
- Additional riders
- Premium
- Loyalty benefits
- Accidental Death and Disability
- Benefit Rider
- Maturity benefits
- Special surrender
How to get 12 thousand every month?
A monthly pension of Rs 12000 is provided under Saral Pension Scheme of Life Insurance Corporation of India (LIC). To participate in LIC’s Saral Pension scheme, you will have to pay only one time premium, after which you will get a monthly income of Rs 12000 for the next 60 years.
You will get the benefit of this pension throughout your life. Investing Rs 10 lakh in it at the age of 60 will give an annual return of Rs 58950. Your investment amount will decide the pension you get.
