LIC Pension Plan: We stress over tomorrow and we continue to put resources into different plans to make tomorrow secure. If you are likewise arranging something for the approaching tomorrow, this news is for you. Here we are talking about the plan of Life Insurance Corporation of India (LIC) with the goal that we don’t need to confront monetary emergency in advanced age, which will end up being a stick of our advanced age.
As a matter of fact, Life Insurance Corporation of India (LIC) has thought of such a plan in which subsequent to filling the premium just a single time, you will get a benefits of Rs 12000 every month for the rest of your life. LIC Saral Pension Plan has been made distinctly for monetary assistance in the existence of retirement.
LIC Saral Pension Plan
In LIC’s Saral Pension Plan, the policyholder gets the facility that he can conclude the hour of this arrangement as per him, when and in what structure he needs benefits. In the event that you need month to month, quarterly, half yearly or yearly annuity, its planning must be chosen at the hour of beginning the scheme.
Premium to be paid in one go
Saral Pension Plan is a solitary premium approach wherein the whole sum must be kept in one go. While taking the approach, you should pay the premium in one go and after that you will get benefits as indicated by the predefined period. The base age to take this arrangement is 40 years and the most extreme age is 80 years. That is, any individual of 40 to 80 years can put resources into this arrangement.
LIC Saral Pension scheme is a non-connected, single top notch, individual prompt annuity plan. This arrangement can likewise be taken with the life partner. Interestingly, you can take an advance whenever following a half year from the date of interest in this plan. This arrangement can be bought both on the online and offline.
Two choices of LIC Saral Pension Scheme
Life Annuity with 100 percent return of price tag – This arrangement is accessible for one individual as it were. In this, a month to month benefits of Rs 12,000 is given till the individual’s endurance. The premium is gotten back to the chosen one after the passing of the policyholder.
The subsequent choice is Joint Life Last Survivor Annuity with an arrival of 100 percent of the price tag on the passing of the last survivor. This choice is for profiting benefits by a couple. For this situation the chosen one gets the premium after the passing of the last enduring life partner.
