LIC Saral Pension Scheme: Life Insurance Corporation of India (LIC) has launched Saral Pension Scheme. This is a non-linked 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 scheme that this scheme has similar agreements for all life safety net providers. Under this plan of LIC, the policyholder can pick any of the two accessible annuity choices. In this plan, credit can likewise be benefited following a half year from the date of beginning of the arrangement.
First choice of Saral Pension Yojana
There are two choices to pick 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 life partners, as long as the retired person is alive, he will keep on getting the annuity. After his demise the base premium paid for taking the policy will be gotten back to his candidate.
Second 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 gets by till the end, keeps on getting benefits. However much annuity will be gotten by one individual while alive, a similar benefits sum keeps on being gotten by the other mate for life after the passing of one of them. Whenever the subsequent beneficiary likewise leaves the world, the chosen one is given the base value that was paid at the hour of taking the policy.
This is the Immediate Annuity plan
This arrangement of LIC is Immediate Annuity Plan. This implies that the benefits will begin when the arrangement is taken. The beneficiary 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.
The most effective method to purchase
- You can purchase this plan both on line and offline. Can be bought online from the site of www.licindia.in .
- The minimum annuity in the scheme is Rs 12,000 for each annum. The minimum price tag will rely upon the yearly mode, choice picked and the age of the policy taker.
- There is no maximum price tag limit in this scheme.
- Individuals of 40 years to 80 years can purchase this plan.
- To avail month to month annuity, then, at that point, no less than 1,000 rupees should be put resources into the month.
- Additionally, for quarterly annuity, something like 3 thousand should be put resources into a month.
