Saral Pension Yojana Pension is a support for old age. If you are not able to save for old age in your youth, then you may have to face difficulties later on. LIC Saral Pension Yojana is a plan in which you can invest and get pension up to 12 thousand…
Most people are worried about old age. But, such people do not need to worry at all. They have many plans available which can help them live a better life. Actually, Saral Pension Yojana has been started by Life Insurance Corporation of India (LIC), which you can avail.
In this scheme of LIC, you have to pay premium only once and after that after 60 years you can get pension of Rs 12000 every month. You will get this pension money for life. Now you must be wondering what kind of scheme is this, so let us tell you about it in detail.
Life Annuity with 100 percent return of purchase price
Very few people know about this scheme. Life Annuity with 100 percent Return of Purchase Price pension scheme is for single life. That is, this pension scheme will be linked to one person. The pensioner will continue to receive pension as long as he is alive. After that the nominee will get the base premium.
Pension Scheme Joint Life
Pension scheme is given for joint life. In this, both husband and wife get pension. In this, whichever husband or wife survives for a long time, gets pension. When both are no more, the nominee will get the base price.
Special Features of Saral Pension Scheme
- The policyholder’s pension will start as soon as he takes the policy.
- Now it will depend on you whether you want pension every month or quarterly, half-yearly or annually. You will have to choose this option yourself.
- This pension plan can be availed both online and offline.
- A minimum investment of Rs 12,000 per year has to be made in this plan. There is no maximum investment limit in this.
- This plan is for people between 40 and 80 years of age.
- In this plan, the policyholder will get a loan any time after six months from the date of commencement of the policy.
