A piece of informational news that Life Insurance Corporation Of India (LIC) ion 1st July has begun Saral Pension Scheme and this is a Single Premium Plan. Through, this blog we are sharing all the complete details of the LIC new scheme. This scheme is quite fascinating as if the buyers purchase this policy, they will need to pay the entire premium at one time or in other words only once which means from thereafter the buyers will get a particular or fixed amount of pension for their entire life. As per this planning scheme, policyholders can benefit from a loan at any time after the period of six months from the date of the beginning of the policy.
LIC Jeevan Saral Pension Plan 2021
As per the statement given by LIC “It’s a non-participating, non-linked, individual immediate annuity plan and single premium.” It has been begun as per the instructions given by the Insurance Regulatory and Development Authority Of India (IRDAI). One thing is the same in this plan that the terms and conditions for life insurers are the same. The policy buyers will get the benefits of this scheme in two ways.
This LIC Saral Policy Scheme is available in two ways, the first one is “Life Annuity with hundred percent return of purchase price. This scheme is available for individual life and the scheme of the pension will be connected to any one person. As long as the policy buyers are alive, they will get pensions for their entire life.
After that, the nominee will get the base premium. Simultaneously, the 2nd pension scheme will be provided for joint life. In this scheme, both wife and husband will receive the pension. The surviving partner will receive the pension. When both wife and husband will die, after that the nominee will receive the base price.
LIC Jeevan Saral Pension Plan: How to purchase a Plan or scheme
A person can purchase this plan both offline and online mode. The minimum allotment in the plan is Rupees Twelve Thousand (12000) per annum. The base purchase price will depend on the mode of annual, the option chosen, and the age of the policy taker. In this plan, there is no maximum buy price limit. This policy is accessible for people in the age group of forty to eighty years.
LIC Jeevan Saral Pension Plan: How Much Need To Invest In
If the person wants to take the advantage of the monthly pension scheme that at least 1000 rupees will need to be invested in a month. Likewise, to take the benefit of quarterly pension, at the minimum 3000 will need to be invested in a particular month.