LIC started a fantastic plan! For a single deposit, you can receive a lifetime pension of Rs 50,000; see the complete details of the programme.

 LIC started a fantastic plan! For a single deposit, you can receive a lifetime pension of Rs 50,000; see the complete details of the programme.

LIC Policy News: If you're seeking for a lifelong investment plan as well, we'll tell you about one from LIC that will pay you each month.

LIC Saral Pension Yojana: LIC manages a variety of insurance products. If you're searching for a lifelong income plan as well, we'll talk to you today about a LIC plan that will pay you each month. This programme, known as the Saral Pension Yojana, allows for pension eligibility beginning at age 40. Let us explain Let us explain this scheme to you.

Premium just has to be paid once.

This is a form of single premium pension plan where you just have to pay the premium once and can receive benefits for the rest of your life. If the nominee receives the single premium amount back after the policyholder's death. The Saral Pension Yojana is an immediate annuity plan, meaning that as soon as you purchase the policy, you begin receiving pension. The amount of the pension that begins after purchasing this coverage remains the same during the entire life.

How do I acquire the plan?

As long as the pensioner is still alive, he will continue to receive benefits under the single life policy, and following his passing, the base premium amount will be paid back to his nominee.

Joint life insurance covers both the husband and the wife. The primary pensioners will keep receiving their pension as long as they are still alive. After his passing, his spouse will continue to receive a pension for the rest of their lives, and his nominee will get the base premium payment.

What is the plan's area of expertise?

• The minimum and maximum ages required to participate in this programme are 40 and 80 respectively.




The pension is provided for the entirety of the policyholder's life because it is whole life.

• The Saral Pension Policy may be cancelled at any time after the first six months have passed.

• A pension could be given to you each month.

It can also be taken every three months, every six months, and every year.

Let's go over how to get Rs. 50,000.

You must accept a pension of at least 1000 rupees if you require money each month. You must choose the Rs. 12000 minimum pension option in this. In contrast, there is no upper limit. When you are 40 years old and have paid a single premium of Rs. 10 lakh, you will begin receiving an annual benefit of Rs. 50,250, which you will continue to receive for the rest of your life. In addition, if you want your deposit returned in the middle of the transaction, you will receive it back after deducting 5%.