In today’s time everyone invests to secure their future. Everyone wants to invest today and get its benefits later. So today we will tell you about LIC’s Saral Pension Scheme. Its special thing is that after investing in it, you can start pension immediately.
Let us tell you that this pension is also called Immediate Pension Plan, because by investing in this plan you can get the right to get pension immediately. There are four options to get pension in this. Monthly, Quarterly, Half Yearly and Yearly. In this plan, you need to invest only once i.e. in a way it is a single premium plan.
Both Single and Joint Options:
You get two options in LIC Saral Pension Plan. First, you can buy only for yourself in which you will get pension and after your death, your nominee will get the full amount of premium.
The second option is joint. This includes both you and your wife. First you will get the pension, after your death, your wife or husband will get it, if both of them die, then your nominee will get the whole money deposited.
Who can invest in this scheme:
Anyone from 40 years to 80 years can invest in this scheme. Let us understand by example, as if you have taken a pension plan on its sum assured of Rs 10 lakh and select the mode of annual pension, then you will have to pay a premium of Rs 10.18 lakh. Accordingly, you will be entitled to get a pension of Rs 51,650 annually. On the other hand, after your death, your nominee will get the full money back.
If you have chosen the joint option to take this plan, then if you have chosen annuity mode pension on the sum assured of Rs 10 lakh, then you will get Rs 51150 annually as pension. Will meet your wife after your death. If the wife also dies, then your nominee will get the entire money.
