Lic Jeevan Saral Pension Plan:Life Insurance Corporation of India (LIC) has started Saral Pension Scheme from July 1. This is a single premium plan. Let us know about it in detail.
Lic Jeevan Saral Pension Plan 2021
Life Insurance Corporation of India company LIC has started Saral Pension Scheme from 1st July 2021. And it is available both online and offline. This plan is a non-linked, single premium, individual immediate annuity plan. The plan of this plan can also be taken with the spouse. After six months of purchasing this policy, the policy holder will also get the Loan facility.
Two options to take LIC simple pension plan
There are two plans given in LIC Simple Pension Plan. Life Initiative in the first plan which has 100% return of purchase price. This pension scheme is for single life. However, this pension will be linked to an individual. Therefore, the pensioner will continue to receive pension as long as he is alive. In the policy of the individual, the nominee will get back the original premium invested in the policy thereafter.
The second plan is given for joint life. Pension is attached to both husband and wife. In this, either of the two who have lived for a long time gets the pension of the spouse. The same pension as received by a person while alive will be given to his spouse even after his death. In case both of them die, the basic value that will be paid to the nominee gets credited to the policy.