- LATEST
- WEBSTORY
- TRENDING
PERSONAL FINANCE
LIC Saral Pension: How to get Rs 12,400 per month as pension, know here
LIC Saral Pension Plan: Early retirement with guaranteed monthly income at 40.
Updated : Jul 12, 2023, 01:10 PM IST | Edited by : Raunak Jain
 "lic saral pension plan, lifetime pension, best scheme to invest for retirement planning, pension, LIC pension, Pension policy")
TRENDING NOW
)
AR Rahman, Saira Banu's daughter Raheema opens up on parents' divorce being linked to Mohini Dey: 'Always remember...'
)
Riddhima Kapoor Sahni reveals Rishi Kapoor's last two wishes: 'He wanted to see Ranbir Kapoor getting...'
)
Sana Khan, former Bigg Boss contestant, actress announces 2nd pregnancy with Anas Saiyad: 'Only Allah has power to..'
)
'Good to be back': After breaking up with Malaika Arora, Arjun Kapoor reunites with his 'partner-in-crime after ages'
)
'Your dance lightens up...': Little girl's dance on 'Tere Bina na Guzara E' steals hearts online, WATCH viral video
)
Amid divorce rumours with Aishwarya Rai, Abhishek Bachchan tells Amitabh Bachchan: 'I hope people don't...'
)
This Pakistani Influencer's private video leaked online, days after Minahil Malik and Insha Rehman's clips
)
After breakup with Malaika Arora, Arjun Kapoor dedicates his new tattoo to this special person in his life
)
32-year-old superstar forcibly kissed 15-year-old co-star; left her traumatised, crying; later laughed about it saying..
)
Shillong Teer Results TODAY November 22, 2024 Live Updates: Check winning numbers here
)
Amid Aishwarya Rai-Abhishek Bachchan divorce rumours, Jaya Bachchan says 'not my daughter' in viral video
)
Telecom rules to change from January 1, Mukesh Ambani's Jio, Airtel, Vi, BSNL will be affected due to...
)
Gandii Baat, XXX actress Aabha Paul sets Instagram on fire with hot photos
)
Mukesh Ambani's Jio to get tough competition from BSNL, plan provides unlimited benefits for less than Rs...
)
Meet Mathira Khan, Pakistani influencer whose private video leaked after Minahil Malik, Imsha Rehman
LIC scheme: Life Insurance Corporation of India (LIC), the leading government life insurance company, offers diverse policies for all age groups. While most pension schemes start at the age of 60, LIC provides an exclusive opportunity to start receiving a pension from the age of 40 through its Saral Pension Yojana.
Key Features:
1. Age limit: The scheme is available for individuals aged 40-80 years.
2. Immediate annuity: With Saral Pension Plan, you begin receiving your pension immediately upon policy issuance.
3. One-time premium: Pay the premium only once while purchasing the policy.
4. Nominee benefit: In the unfortunate event of the policyholder's demise, the deposit amount is returned to the nominee.
5. Surrender option: The policyholder can choose to surrender the policy anytime after 6 months from its inception.
Single Life or Joint Account:
1. Single Life: As long as the policyholder lives, they will receive the pension. Upon their death, the investment amount is returned to the nominee.
2. Joint Life: Suitable for couples, the pension is provided to the policyholder as long as they are alive. After their demise, the spouse continues to receive the pension. If both pass away, the deposited amount is given to the nominee.
Flexible pension options:
1. Minimum pension: You can avail a minimum monthly pension of Rs 1000 under the Saral Pension Yojana.
2. No maximum limit: The pension amount has no upper limit, depending on the invested amount.
3. Frequency: Choose from monthly, quarterly, half-yearly, and annual pension options.
Example: If a 42-year-old person purchases an annuity of Rs 30 lakh, they can receive a monthly pension of Rs 12,388 or approx Rs 12,400.
Read more: HDFC Bank vs. Axis Bank: Which offers better returns on fixed deposits? Know here
