Life Insurance Corporation of India (LIC) starts the scheme keeping in mind the people of all ages. We are telling you about one such scheme.
In which after investing, you will not have to worry about money for the rest of your life. LIC’s Saral Pension Scheme arranges for lifelong pension on paying the premium only once. After taking this policy, the pension you will get for the first time, the same pension will be available for the whole life.
After investing in it, you do not even need to wait for the age of more than 60 years for pension. In this policy only at the age of 40 years you start getting the benefit of pension. You can take pension every month, every three months, every 6 months or once in 12 months. So let’s know about it in detail…
Will get two options
There are two options to take this scheme. The first is single life in which the policy will be in the name of any one. On his death, the amount of base premium will be given to the nominee. Another option is joint life. In this, both the spouses are covered. First the primary pensioner will get the pension and after his death the pension will be given to his spouse. If both of them die, then after their death, the amount of base premium will be received by their nominee.
Who will get how much pension?
People of minimum 40 years and maximum 80 years can take advantage of this scheme. In this, you will have to take a minimum of Rs 1,000 per month or an annual pension of Rs 12,000. For this you have to invest 2.5 lakhs. There is no limit on taking maximum pension in this. You can get a pension of Rs 50250 every year by paying a single premium of Rs 10 lakh. Remember that you must be 40 years old here.
