LIC Saral Pension Scheme: Pay Premium Once and Get Lifetime Pension of up to Rs 12000 per month

When it comes to future planning for retirement the first thing that crosses our mind is investing in a good pension plan and with the rising inflation, it has become even more important. So, if you are also planning to take a pension plan for yourself, then you can choose LIC’s Saral Pension Scheme. 

LIC Saral Pension Plan:  

In this plan, you have to pay premium only once and you will get pension of up to Rs 12000 every month for your entire life.  

Benefits of LIC Saral Pension Plan: 

Let us discuss the benefits of Saral Pension Yojana in detail. You get 2 options under this policy to choose from. 

Pension Plan for Individuals - This pension is for a single person, that is, this pension plan will be linked to one person only. As long as the pensioners are alive, they will continue to get the pension. After that the nominee will get the base premium. 

Pension Plan for Couples - Under this plan, both husband and wife get pension. The person continues to get the pension even after the partner is no more. When both pensioners die, the nominee will get the base price. 

Premium To Be Paid Only Once: 

Saral Pension Plan is a single premium policy in which the entire amount has to be deposited in one go so there is no hassle to pay premium monthly, bimonthly or quarterly like other Pension Plans. The minimum age to take this plan is 40 years and the maximum age is 80 years. That is, any person of 40 to 80 years can invest in this plan. 

Life Annuity with 100% return of purchase price: With this plan you get life annuity with 100% return of purchase price 

Features of LIC Saral Pension Yojana: 

• For the insured, his pension will start as soon as he takes the policy. Now it will be up to you whether you want pension every month or quarterly, half yearly or annually. You have to choose this option yourself.

• You can enrol for this scheme both online and offline. If you want to know how to register, check “How to Register for Saral Pension Yojana; Check Features and Benefits”

• In this scheme, a minimum investment of Rs 12000 will have to be made. There is no maximum investment limit in this.

• This scheme is for people from 40 to 80 years.