LIC LAUNCHES SARAL PENSION PLAN
The Life Insurance Corporation (LIC) of India on 1st July 2021 released Saral pension plan — a non-linked, non-participating, unmarried premium, character instantaneously annuity plan. This LIC Saral Pension plan gives annuity alternatives to the coverage holders after one-time lump sum quantity charge. The plan additionally gives mortgage facility to the coverage holder after six months of the plan buy.Fixed charge at everyday durations
In this LIC of India saral pension plan, the coverage holder will pays a lumpsum as buy rate and get a set charge at everyday durations for the relaxation of its lifestyles. The minimal annuity that a coverage holder can avail is ₹12,000 in step with annum. Minimum buy rate shall rely on the mode of annuity, alternative and age of the coverage subscriber or annuitant. However, there may be no ceiling at the most buy rate.
As stated above, this LIC Saral pension plan will provide alternatives to the coverage holders at the same time as deciding on the form of annuity — lifestyles annuity with go back of one hundred in step with cent of buy rate and joint lifestyles remaining survivor annuity with go back of one hundred in step with cent of buy rate on loss of life of the remaining survivor.
Modes of annuity presented
As in step with the info of this LIC Saral pension plan, modes of annuity to be had for the annuitant are month-to-month, quarterly and half-every year. Hence, minimal month-to-month annuity to be had on this plan is ₹1,000, minimal quarterly annuity on this plan is ₹3,000 at the same time as minimal half-every year annuity presented on this plan is ₹6,000.
Those who're elderly among forty years to eighty years should buy this LIC's Saral pension plan.
This LIC Saran Pension plan additionally gives mortgage facility to the annuitants. An annuitant can avail this facility after six months of the