LIC Saral Pension Yojana: How Much Investment Will Get ₹ 1 Lakh Annual Pension

eligibility criteria

As per the LIC Saral Pension Scheme details, any person in the age group of 40 to 80 years is eligible to subscribe or buy this annuity pension plan.

pension calculator

As per the LIC Saral Pension Plan details available on the official website of LIC, the policyholder can choose the minimum option 1,000 monthly pension or 12,000 annual pension under this scheme. For this minimum pension a lump sum single premium payment of Rs. 2.50 lakhs. an investor will get 50,250 annual pension on investment of 10 lakh single premium. Similarly, if an investor wants 1 lakh annual pension under this scheme, a lump sum single premium payment of a 2 million.

LIC Saral Pension Scheme Important Details

– Loan Benefits: After completion of six months of establishment, loan facility is available under this LIC scheme.

– Exit Plan: LIC Saral Pension Scheme can be exited after six months of commencement.

– LIC Saral Pension Scheme Interest Rate: The annuity plan offers a guaranteed annual return of around 5 percent.

– Lifelong Pension Benefit: LIC Saral Pension Plan is a lifelong policy that means the policyholder is eligible for annual or monthly pension for the whole life after inception.

Death Benefit for Nominee: After the death of the subscriber of LIC Saral Pension Plan, the basic premium will be returned to the nominee.

– No Maturity Benefit: In LIC Saral Pension Plan, there is no maturity benefit as the pension is provided till the policyholder is alive.