Life Insurance Corporation of India (LIC) starts the scheme considering people of all ages. We are telling you about one such project. After investing, you will not have to worry about money for the rest of your life. LIC’s Saral Pension Scheme (Saral Pension Yojana) arranges for a lifelong pension on paying the premium only once. After taking this policy, the assistance you will get for the first time and the same retirement will be available for your whole life.
After investing in it, you do not even need to wait an age of more than 60 years for a pension. In this policy, you start getting the pension benefit only at the age of 40. You can take assistance every month, every three months, every six months, or once in 12 months.
I will get two options
There are two options to take this scheme. The first is a single life, in which the policy will be in the name of anyone. The base premium amount will be given to the nominee on his death. Another option is communal life. In this, both spouses are covered. First, the primary pensioner will get the pension, and after his death, assistance will be given to his spouse. If both of them die, then after their death, their nominee will receive the base premium.
Who will get how much pension?
People of minimum of 40 years and maximum of 80 years can take advantage of this scheme. In this, you must take a minimum of Rs 1,000 per month or an annual pension of Rs 12,000. For this, you have to invest 2.5 lakhs. There is no limit on taking maximum allowance in this. You can get the assistance of Rs 50250 annually by paying a premium of Rs 10 lakh. Remember that you must be 40 years old here.