Saral Pension Scheme: Choose LIC’s Saral Pension Scheme for pension at the age of 40 - Rokoto

Saral Pension Scheme: Choose LIC’s Saral Pension Scheme for pension at the age of 40

Saral Pension Scheme: Choose LIC's Saral Pension Scheme for pension at the age of 40

Know, what is LIC’s Saral Pension Plan and its benefits

Many beneficial schemes are being run by the central government for the citizens of the country. In these schemes, many such schemes have also been operated by the government in which people have the facility of taking pension. Usually, after retirement, pension is received at the age of 60 years. But now a new plan has been prepared by LIC, so that you can take advantage of pension even at the age of 40. For this, LIC has started Saral Pension Scheme, in which you can join and take advantage of pension from next month. These schemes are quite beneficial for those who wish to get pension before 60 years. The special feature of this plan of Saral Pension Yojana is that the premium has to be paid only once. Generally, most of the LIC plans have to pay premium per month, every six months or per year. Let us know how you can take advantage of LIC’s Saral Pension Scheme.

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What is Saral Pension Yojana 2021

Life Insurance Corporation of India i.e. LIC launched Saral Pension Yojana on 1st July 2021. It is a non-linked, single premium, individual immediate annuity plan. This plan can also be taken with spouse. The policy holder also gets the facility of loan after six months of purchasing this policy. This policy can be taken both online and offline. It is a standard immediate annuity plan as per the guidelines of IRDA, which provides the same terms and conditions for all life insurers. The special thing about this scheme is that you get the pension facility for life in it.

Option to get pension in LIC’s Saral Pension Scheme 2021

In LIC Saral Pension Yojana, you will be able to choose the option after how long you want the pension. Also you can choose the option to pay pension whether you want pension every month, quarterly, half yearly or annually. For this, you have to choose your option accordingly.

The main condition of Saral Pension Scheme 2021

If we talk about the condition of this plan, then instead of monthly, a lump sum amount will have to be given. You will get the benefit of this pension policy for life. If you need a loan, you can take a loan after 6 months from the date of commencement of the policy.

Who can take Saral Pension Yojana plan in 2021

In Saral Pension Yojana 2021, any person between the age of 40 years to 80 years can take advantage of this pension scheme.

How to take policy in Saral Pension Yojana 2021

In Saral Pension Yojana 2021, you can take a policy in two ways. There are single life and other joint life pension plans. You can select it as per your wish.

Single Life Plan: In this, the policy will be in the name of any one, that is, this pension plan will be linked to any one person. As long as the pensioners are alive, they will continue to get the pension. After that the nominee will get the base premium. This can be well understood by the example given below.

Usage : Suppose 60 years old Ramchandra has taken this pension plan with sum assured of Rs 10 lakh. If Ramachandra opts for the mode of receiving annual pension, then he will have to pay Rs 10,18,000 as premium. Accordingly, he will get Rs 51,650 every year till the whole life. When Ramchandra dies, his nominee or legal heir will get Rs 10 lakh back.

Joint Life Plan: In Saral Pension Yojana, the second plan is given for joint life. In this, both husband and wife get pension. In this, the spouse who survives for the longest time gets pension. When both are no more, the nominee will get the base price. The rule of joint life plan can be easily understood with the help of the example given below-

Usage : suppose ramchandra took saral pension plan for joint life whose wife age is 55 years. He has opted for the annual mode for the sum assured of 10 years. If they want once in a year, they will have to pay Rs 10,18,000 in one go. He will get a pension of Rs 51,150 every year. After the death of Ramchandra, his wife will get a pension of Rs 51,150 for the rest of her life. When both the spouses die, their nominee and legal heirs will get Rs 10 lakh back.

How much pension will be available in Saral Pension Yojana 2021 at how much premium? / Saral Pension Scheme Premium

If you are 40 years old and you have deposited a single premium of Rs 10 lakh, then you will be given a pension of Rs 50250 annually i.e. Rs 4187 per month. If you want the amount deposited in the middle, then there will be a deduction of 5 percent.

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Special features of Saral Pension Yojana

  1. As soon as the policy is taken for the insured, his pension will start.
  2. Now it will depend on you whether you want pension every month or quarter, half yearly or annually. You have to choose this option yourself.
  3. A minimum investment of Rs 12000 per year will have to be made in this scheme. There is no maximum investment limit in this.
  4. This scheme is for people from 40 to 80 years.
  5. In this plan, the policyholder will get the loan at any time after 6 months from the date of commencement of the policy.

How to buy plan in LIC’s Saral Pension Scheme 2021?

You can buy LIC’s Saral Pension Yojana scheme offline or online from the website of The minimum annuity under the plan is Rs 12,000 per annum. The minimum purchase price will depend on the annuity mode, the option opted and the age of the policy taker. There is no maximum purchase price limit. This scheme is available for the age group of 40 years to 80 years.

For more information contact here

However, in this post we have tried to give you complete information regarding Saral Pension Yojana 2021. Still, for more information, let us tell you that if you want to take advantage of this plan, then you can get information by visiting LIC’s website or office.

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