LIC Saral Pension Yojana: The working people’s usual source of money ends after this. As a result, setting up money for post-retirement costs is crucial. Pension planning is a component of retirement planning, which is why individuals do it. The nation’s citizens view LIC as a secure investment option. The LIC oversees numerous programs for various sectors.
LIC schemes are dependable, and investing in them yields excellent profits. People all around the nation choose to invest in LIC plans as a result. One of LIC’s outstanding programs is the LIC Saral Pension Plan, an individual instant annuity plan with a single premium that is non-linked. You can only invest once in this. Allow us to explain this LIC strategy in more depth.
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Contents
LIC Saral Pension Yojana 2023 Key Points
| Name Of The Yojana | LIC Saral Pension Scheme 2024 |
| Purpose of the Yojana | To provide pension benefits to all the citizens of the country with simple terms and conditions. |
| Start of The Yojana | 2024 |
| Age Limit | Minimum Age – 40 Years Maximum Age – 80 Years |
| Minimum Pension Plan | 12000/- rupees annually |
| Maximum Pension Plan | No limits |
| Sector of The Yojana | IRDAI, Central Government |
| Department Of The Yojana | Life Insurance Corporation of India |
| Current Status | Active |
| Beneficiary of Yojana | All citizens of the country. |
| Apply Process | Online & Offline |
| Official Website | https://licindia.in/hi/web/guest/lic-s-saral-pension-plan-no.-862-uin-512n342v03- |
| Download App | Will be released soon. |
| Helpline No | +91-22-68276827 8976862090 |
Benefits and features of LIC Saral Pension Yojana
- You will receive pension benefits under the LIC Saral Pension Scheme for the duration of your life.
- You won’t have to wait until you’re 60 years old to receive a pension under this. Pension benefits are available to you as soon as you turn 40. You can make an investment in it at any moment between 40 and 80 years old.
- There are two ways to take advantage of the Saral Pension Plan benefit. One life alone, and another in partnership. Below is an explanation of each.
- You are eligible to receive a maximum pension of Rs. 10,000 per month under the Saral Pension Scheme.
- You also receive the borrowing facility with this LIC plan.
- The maturity benefit of the LIC Saral Pension Plan does not exist.
Eligibility for LIC Saral Pension Yojana
- The candidate needs to live in India permanently.
- The customer should be at least forty years old.
- The customer’s age should not exceed 80 years old.
Documents required for LIC Saral Pension Yojana
- Aadhar card
- Self-attested residence certificate
- Self-attested income certificate
- Self-attested PAN card
- bank account details
- mobile number
- passport size photo
How to apply for LIC Saral Pension Yojana?
- This can be accomplished by going to the SOME USEFUL IMPORTANT LINK part mentioned above and clicking on the link that appears in front of the LIC Saral Pension Apply Online.
- Your screen will now open with the Saral Pension page. Two choices are displayed here. CLICK TO BUY ONLINE is where you must click.
- You will see a list of all the documents on the following page that appears as soon as you click. You need to click “Proceed” after reading this.
- There will now be a form available for you.
- Your name, age, mobile number and other pertinent information must be entered into the application form.
- After that, you will need to
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How to apply offline in LIC Saral Pension Yojana?
- You must visit your local LIC office in order to submit an offline application for the LIC Saral Pension Scheme.
- You must now obtain the Saral Pension Scheme application form from that location.
- You must carefully fill in all of the pertinent information requested in the application form after getting it.
- Following this, you must attach to the application form all pertinent papers.
- This application must now be turned in to the insurance company’s office.
- This will enable you to apply for the Saral Pension Scheme offline.
Single life and joint life plans of LIC Saral Pension Yojana
- Single life plan – on this, so long as the policyholder is alive, he’s going to hold to get the pension. after the loss of life, the funding amount can be again to the nominee.
- Joint existence plan – this plan covers both husband and spouse. in this, a pension is given to the number one policyholder as long as he is alive. After death,
- his spouse gets the gain of the pension. at the death of both, the deposited amount is given to the nominee.
Loan facility and policy surrender plan in LIC Saral Pension Yojana
This system also allows you to take out loans. After the plan has been in place for six months, investors may request for a loan under this. You can also take out the money that has been deposited in the policy if you require money for medical treatment for any illness. The customer will receive 95% of the base amount refunded if they surrender the policy.
How to download the LIC Saral Pension Mobile App?
- You must click on the LINK provided in front of the LIC Mobile APP in the SOME USEFUL IMPORTANT LINK part provided above in order to accomplish this.
- You will now be presented with the LIC Mobile App page, which offers a wide variety of apps.
- Clicking on the Download Android App / Download iOS App button provided below will start the download process for the app.
FAQ’s
Q: What is the LIC Saral Pension Plan?
Ans: An immediate annuity plan is the Saral Pension Plan offered by LIC. Pension in this case begins as soon as the policy is enrolled. When you purchase the coverage, the premium will only need to be paid once. Pension payments to the policyholder begin as soon as the premium is paid.
Q: What is the anticipated pension amount under the LIC Saral Pension Scheme?
Ans: You can get your pension under this plan on a monthly, quarterly, half-yearly, or annual basis. The minimum pension amounts are as follows: monthly pension is Rs 1000, quarterly pension is Rs 3000, half-yearly pension is Rs 6000, and annual pension is Rs 12000. The maximum pension amount under this system has no upper limit.
Q: Who can apply under the LIC Saral Pension Yojana?
Ans: Any Indian citizen between the ages of 40 and 80 may apply for this.
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