LIC Saral Pension plan dispatched: Check qualification, benefits and alternatives
- LIC Saral benefits plan accessible to those matured between 40-80 yearsMinimum annuity
- that a policyholder can profit is Rs 12,000 for every annumModes of annuity accessible for LIC Saral Pension
- Plan incorporate month to month, quarterly, and half-yearly
Life Insurance Corporation of India (LIC) on July 1, 2021, dispatched Saral benefits plan which is a non-connected,
non-taking an interest single top notch, singular annuity plan. It offers two annuity alternatives on installment of a one-time singular amount. The arrangement likewise offers an advance office following a half year of punching the arrangement.
Saral annuity plan clarified
The policyholder can address a single amount as buy cost and sort ordinary out installments for
the remainder of their life. The base annuity that a policyholder can profit is Rs 12,000 for every annum. The base price tag will rely upon the method of annuity, alternative picked and age of the policyholder or annuitant. There is no roof on the greatest price tag.
Alternatives for picking annuity
Under alternative 1, policyholders can choose a day to day existence annuity with an arrival of 100% on the price tag and the other choice offers joint life last survivor annuity with an arrival of 100% of unadulterated price tag on death of the last survivor. The annuity rates are ensured at the beginning of the strategy and annuities are
payable for the duration of the existence of annuitants.
Methods of annuity
Methods of annuity accessible for LIC Saral Pension Plan incorporate month to month, quarterly, and half-yearly.
The base month to month annuity accessible is Rs 1,000 least quarterly annuity is Rs 3,000 and Rs 6,000 for
half-yearly annuity mode.
The LIC Saral Pension annuity plan is accessible for those matured between 40 years and 80 years.
LIC Saral Pension Plan offers a credit office following a half year of beginning of the arrangement to the policyholder.
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