LIC Saral Pension Plan: After paying premium only once, pension will be available for life
LIC Saral Pension Plan: On the one hand, while the corona epidemic has made lakhs and crores of people unemployed, on the other hand the government has abolished pension in almost all departments. You may have to face financial crisis after retirement due to the end of pension, but when Life Insurance Corporation of India (LIC) is with you, then what to fear. LIC launched a great plan called Saral Pension Yojana, in which you can get pension for life by paying premium only once. The good thing is that any person below 80 years of age can take advantage of this scheme. Let us know about this scheme.
The special thing about this scheme is that as soon as you buy the policy, you start getting pension and you will continue to get this pension for life. After the death of the policyholder, the entire premium amount is returned to his/her nominee. At the time of taking the policy, you will continue to get the pension as much as the pension is fixed for the rest of your life.
The benefit of this scheme is available in two ways
Any person can take advantage of this scheme in two ways, one is single life and the other is joint life. Under single life, the policy remains in the name of one person. As long as he is alive, he will continue to get pension and after his death the premium will be given to his nominee. At the same time, in joint life, the policy holder’s spouse also gets coverage. In this, after the death of the policy holder, his spouse also gets pension and after his death the premium is handed over to the nominee.
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Who can take the benefit of the scheme, how much will be pension
Anyone above 40 years and below 80 years of age can take advantage of this scheme. Now the question comes that how much premium will you have to deposit and how much pension will you get. Let us tell you that if you take this policy at the age of 40 and you have deposited a premium of Rs 10 lakh, then you will start getting a pension of Rs 50250 every year. That is, the higher the premium, the higher the pension. You can also take this pension on the basis of month, quarter or half yearly.
The scheme also provides loan facility
An added advantage of Saral Pension Yojana is that in this, the policy holder is also given the facility of loan for treatment during critical illness. You can apply for a loan only after 6 months of taking the policy. At the same time, on surrendering the policy, 95 percent of the base price is returned to the holder.
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