New Delhi: By now you probably heard or seen getting annuity in 60 years or more. Yet, presently you don’t need to stand by so lengthy for annuity. Life Insurance Corporation (LIC) has recently sent off another plan, under which you begin getting annuity even at 40 years old when you deposit a singular amount sum. Tell us about this plan.
What is Saral Pension Yojana?
The name of this plan of LIC is Saral Pension Yojana. This is a solitary premium annuity plan, in which premium is to be paid exclusively at the hour of taking the plan. After this, you will keep on getting benefits until the end of your life.
If that how much single premium is gotten back to the candidate on the death of the policyholder. Saral Pension Yojana is a quick annuity plan, that implies you begin getting benefits when you take the plan. Subsequent to taking this approach, however much the annuity begins with, a similar benefits is accessible for the entire life.
Two methods for taking this annuity scheme
Single Life-In this, the policy will stay for the sake of any one, as long as the beneficiary is alive, he will keep on getting the annuity, after his death how much base premium will be gotten back to his nominee.
Joint Life-In this, both the mates have inclusion. However long the essential beneficiaries are alive, they will keep on getting annuity. After his demise, his mate will keep on getting benefits forever, after his passing how much base premium will be given over to his candidate.
Who can take Saral Pension Yojana?
The minimum age limit to serve this plan is 40 years and the greatest is 80 years. Since it is an entire life policy, the annuity is accessible for the entire life, as long as the retired person is alive. Saral Pension Policy can be given up whenever following a half year from the date of initiation.
When will I get the annuity?
At the point when will the benefits be gotten, it is for the beneficiary to choose. In this you get 4 choices. You can take benefits consistently, like clockwork, at regular intervals or you can take it in a year. Whichever choice you pick, your annuity will begin coming in that period.
What amount will you get benefits?
Presently the inquiry emerges that how much cash you should pay for this basic benefits scheme, then let us let you know that you should pick it yourself. That is, however much annuity you pick, you should pay appropriately. If you need annuity consistently, you need to take essentially Rs 1000 benefits, Rs 3000 for quite some time, Rs 6000 for quite some time and Rs 12000 for a long time. There is no maximum limit.
If you are 40 years of age and you have kept a solitary premium of Rs 10 lakh, then, at that point, you will begin getting Rs 50250 yearly which will be accessible forever. Aside from this, if you need your kept sum back in the center, in such a circumstance you get back the deposited sum by deducting 5%.
Can likewise take loan
If you have a significant ailment and need cash for treatment, you can withdraw the cash saved in Saral Pension Yojana. You are given a rundown of genuine illnesses, for which you can withdraw cash. On giving up the policy, 95% of the base cost is discounted.
The choice of taking a loan is additionally given under this plan (saral benefits plan). You can apply for the loan following a half year from the beginning of the plan.
