LIC Saral Pension Scheme: India’s most trusted insurance company LIC has brought a great scheme for the people. The name of this scheme is the LIC Saral Pension Scheme. LIC has schemes for people of every class. Due to no risk in this scheme, it gives you guaranteed returns and in this scheme, you can get a pension facility at the age of 40 years.
Advantage of Saral Pension
To take advantage of this scheme, your age should be between 40 years to 80 years. You can also take a loan under this scheme. It is considered a single deposit scheme. In this scheme, husband and wife can also open a joint account together.
In this scheme, you also get the facility of surrender after completion of 6 months of the scheme. In this scheme, you need to invest only once and you get a fixed pension on maturity. For more information Watch the video.
Benefits of Saral Pension
If you invest in LIC’s Saral Pension Scheme, then you can take advantage of it in two ways. The first is single in which the account holder keeps getting a pension as long as he is alive and after his death, the entire amount is given to the nominee.
The second is the joint account under which after the death of the husband, the pension amount is given to his wife, whereas if both the husband and wife die, the entire amount is given to the nominee.
The policyholder is given a minimum pension of Rs 1000 and there is no limit on the maximum pension. It depends on your investment. The pension amount is given every month, quarterly, half-yearly or annually. Watch the video for more information.