Saral Pension Yojana: If you also want to get pension from the age of 40, then this news is for you only. LIC has brought a single premium pension plan in which one time premium has to be paid at the time of taking the policy. Let us know the benefits of this scheme.
Saral Pension Yojana: If you also want to get regular income (pension) at the age of 40, then there is news of great work for you. Till now you must have heard or seen getting pension in 60 years or more. But today here we are telling you about such a government scheme, in which you will start getting pension from just 40 years of age. Life Insurance Corporation (LIC) has brought a great plan, in which a lump sum amount has to be deposited.
What is Saral Pension Yojana?
The name of this scheme of LIC is Saral Pension Yojana. This is a single premium pension plan, in which you will start getting pension from the age of 40. One time premium has to be paid at the time of taking this policy. After this, you will continue to get pension for the rest of your life. If the amount of single premium is returned to the nominee on the death of the policyholder.
Actually, Saral Pension Yojana is an immediate annuity plan, that is, you start getting pension as soon as you take the policy. After taking this policy, as much as the pension starts with, the same pension is available for the whole life.
how to get pension
Single Life- In this, the policy will remain in the name of any one, as long as the pensioner is alive, he will continue to get the pension, after his death the amount of base premium will be returned to his nominee.
Joint Life- In this, both the spouses have coverage. As long as the primary pensioners are alive, they will continue to get pension. After his death, his spouse will continue to get pension for life, after his death the amount of base premium will be handed over to his nominee.
Who can take Saral Pension Yojana?
The minimum age limit for the benefit of this scheme is 40 years and the maximum is 80 years. Saral Pension Policy can be surrendered anytime after six months from the date of commencement.
When will you get pension?
When will the pension be received, it is for the pensioner to decide. In this you get 4 options. You can take pension every month, every three months, every 6 months or you can take it in 12 months. Whichever option you choose, your pension will start coming in that period.
How much will you get pension?
Now the question arises that how much money you will have to pay for this simple pension scheme, then let us tell you that you will have to choose it yourself. That is, whatever amount of pension you choose, you will have to pay accordingly. If you want pension every month, then you have to take a minimum pension of Rs 1000, Rs 3000 for three months, Rs 6000 for 6 months and Rs 12000 for 12 months. There is no maximum limit.
If you are 40 years old and you have deposited a single premium of Rs 10 lakh, then you will start getting Rs 50250 annually which will be available for life. Apart from this, if you want your deposited amount back in the middle, then in such a situation, after deducting 5 percent, you get the deposited amount back.
can take loan
If you have a serious illness and need money for treatment, then you can withdraw the money deposited in the Saral Pension Yojana. You are given a list of serious diseases, for which you can withdraw money. On surrendering the policy, 95% of the base price is refunded. The option of taking a loan is also given under this scheme (saral pension plan). You can apply for the loan after 6 months from the start of the scheme.
