Retirement planning is essential for a financially secure future. LIC Saral Pension Plan offers a reliable and flexible option to ensure a steady income stream after retirement.
By investing in this plan, you can build a substantial retirement corpus and enjoy a comfortable lifestyle.
Understanding LIC Saral Pension Plan
LIC Saral Pension Plan is a retirement annuity plan that provides regular income to the policyholder after retirement.
The plan offers flexibility in terms of payout frequency, allowing you to choose a monthly, quarterly, half-yearly, or yearly pension option.
Eligibility Criteria
To invest in the LIC Saral Pension Plan, you must be between the ages of 40 and 80 years. The amazing plan also give you offers a loan facility after six months.
Investment and Benefits
The minimum annual premium for the LIC Saral Pension Plan varies depending on the pension option chosen. For example, a premium of Rs 10,80,000 can provide a pension of Rs 5,650 monthly.
In case of the death of the policyholder, a death benefit of Rs 10 lakh is payable to the nominee.
Key Features of LIC Saral Pension Plan
Guaranteed Income- This plan offers a guaranteed pension for life.
Flexibility- Choose from various pension payout options.
Loan Facility- The loan facility is available after six months of policy purchase.
Death Benefit- Death benefit is given to the nominee.
Additional Information
The premium payment options for the LIC Saral Pension Plan include yearly, half-yearly, quarterly, or monthly.
You can also pay additional premiums to increase your pension amount.
Before investing in the LIC Saral Pension Plan, it is advisable to consult a professional financial advisor.
For more information on LIC Saral Pension Plan, you can contact your local LIC office or visit the official website of LIC.
LIC Saral Pension Plan is a valuable tool for planning for retirement. By investing in this plan, you can ensure a steady income stream and enjoy a comfortable retirement.
Consider speaking to your local agent to understand the specific terms and conditions and choose the plan most suitable for your needs.