LIC News Pension Scheme: Life Insurance Corporation of India (LIC) has sent off Saral Pension Scheme. This is a non-connected single premium plan. Under this plan, the policyholder needs to pay the premium just a single time. After this, the policyholder gets annuity for the entire life.
This is an Immediate Annuity plan according to the rules of Insurance Regulator IRDAI. LIC has told about this plan that this plan 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, loan can likewise be profited following a half year from the date of beginning of the policy.
First choice of Saral Pension Yojana
There are two choices to choose LIC Saral Pension Plan. In the first place, Life Annuity With 100 return of price tag. This annuity is for single life, that is to say, the benefits will be connected to one of the companions, as long as the beneficiary is alive, he will keep on getting the benefits. After his demise the base premium paid for taking the strategy will be gotten back to his nominee.
One more choice of Saral Pension Yojana
The subsequent choice is given for Joint Life. In this, the annuity is connected to both the couple. In this, the life partner, 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 mate for life after the death of one of them.
At the point when the subsequent retired person likewise leaves the world, the nominee is given the base value that was paid at the hour of taking the policy.
This is the Immediate Annuity plan
This plan of LIC is Immediate Annuity Plan. This implies that the annuity will begin when the policy is taken. The retired person has the choice that he will take benefits consistently, quarterly, half yearly or will take it once in a year. Whichever choice is picked, the annuity will begin similarly.
Instructions to purchase
- You can purchase this plan both online and offline. Can be bought online from the site of www.licindia.in .
- The base annuity in the plan is Rs 12,000 for every annum. The base price tag will rely upon the yearly mode, choice selected and the age of the approach taker.
- There is no greatest price tag limit in this plan.
- Individuals of 40 years to 80 years can purchase this plan.
- If you have any desire to avail month to month annuity, then no less than 1,000 rupees should be put resources into the month.
- Likewise, for quarterly annuity, somewhere around 3 thousand should be put resources into a month.
