LIC Pension Scheme: Life Insurance Corporation of India (LIC) has sent off Saral Pension Scheme. This is a non-connected single premium plan. Under this scheme, the policyholder needs to pay the premium just a single time. After this, the policyholder gets benefits for the entire life.
This is an Immediate Annuity plan according to the rules of Insurance Regulator IRDAI. LIC has told with regards to this policy that this scheme has similar agreements for all life guarantors. Under this plan of LIC, the policyholder can pick any of the two accessible annuity choices. In this plan, loans can likewise be benefited following a half year from the date of initiation of the scheme.
First choice of Saral Pension Yojana
There are two choices to select LIC Saral Pension Plan. In the first place, Life Annuity With 100 return of price tag. This benefits is for single life, that is to say, the annuity will be connected to one of the mates, as long as the beneficiary is alive, he will keep on getting the annuity. After his passing the minimum premium paid for taking the policy will be gotten back to his candidate.
One more choice of Saral Pension Yojana
The subsequent choice is given for Joint Life. In this, the benefits is connected to both the couple. In this, the mate, whoever makes due till the end, keeps on getting benefits. However much benefits will be gotten by one individual while alive, a similar annuity sum keeps on being gotten by the other life partner for life after the demise of one of them.
At the point when the subsequent beneficiary likewise leaves the world, the chosen one is given the minimum value that was paid at the hour of taking the policy.
This is the Immediate Annuity plan
This scheme of LIC is Immediate Annuity Plan. This implies that the benefits will begin when the policy is taken. The beneficiary has the choice that he will take annuity consistently, quarterly, half yearly or will take it once in a year. Whichever choice is picked, the benefits will begin similarly.
Step by step instructions to purchase
You can purchase this scheme both online as well as offline. Can be bought online from the site of www.licindia.in .
The minimum annuity in the scheme is Rs 12,000 for every annum. The minimum price tag will rely upon the yearly mode, choice selected and the age of the policy taker.
There is no most extreme price tag limit in this arrangement.
Individuals of 40 years to 80 years can purchase this plan.
To avail month to month benefits, then, at that point, no less than 1,000 rupees should be put resources into the month.
Essentially, for quarterly annuity, no less than 3 thousand should be put resources into a month.
