LIC Jeevan Saral Plan is a one time retirement investment plan. A person from 40 years to 80 years can invest in this. Loan facility is also given on this policy. If you do not like it after taking the policy, then you can also return it for six months.
LIC Jeevan Saral Plan Many schemes are run by the country’s largest insurance company LIC, which gives good returns to the investors and also gives the benefit of insurance. LIC also has many plans regarding retirement, in which people are given retirement benefits.
Today, in this report, we are going to tell about one such scheme of LIC, in which you have to invest only once and after that you will start getting pension. The name of this policy is LIC Saral Pension Plan. Let’s know about it…
Who all can take the policy?
To take advantage of this policy of LIC, the minimum age should be 40 years and maximum 80 years. The premium for this policy will be determined by your age and the annuity amount chosen.
According to LIC’s website, to participate in the policy, an eligible person will have to buy an annuity of at least Rs 12,000. After this, you will get the benefit of pension on yearly, half-yearly, quarterly and monthly basis by paying the premium. There is no cap on the maximum annuity in this policy. The special thing about this policy is that the pension you start getting in the beginning, it is available throughout life.
If you do not like LIC’s simple pension plan, you can return it after six months of purchase and you will be given a refund from LIC.
Is loan facility available?
Loan facility is also given to the investors in this policy of LIC. You can take a loan on this policy after six months of buying it.