According to LIC website LIC Saral Jeevan Plan is designed as per the guidelines of Insurance Regulatory and Development Authority of India (IRDAI)
LIC Saral Jeevan Plan: If you are employed and you are worried about the expenses after retirement, then a policy of LIC can remove your worries. We are talking about LIC’s one pension plan, whose name is Jeevan Saral Plan (LIC Jeevan Saral). In this, investors have the option to choose the premium amount. Investors can invest in this plan from the age of 40 to 80 years.
According to LIC website LIC Saral Jeevan Plan has been prepared as per the guidelines of Insurance Regulatory and Development Authority of India (IRDAI). In this, the investor has to deposit money in one go.
Policy will also be available online
LIC has said that this plan can be purchased offline as well as online through LIC’s website www.licindia.in. In this, the policyholder can choose the option of Monthly, Half Yearly, Quarterly and Yearly.
The policy buyer will have to provide address proof and KYC documents along with medical details. Medical tests will also be done.
There are two options for annuity
In this policy, the annuity rates are guaranteed at the inception and payments are made during the lifetime of the individual. There are two annuity options in this plan – on the continuation of the joint life after the policy term, the survivor gets 100% return of the purchase price and in case of non-survival of both, the nominee gets 100%.
Loan can be obtained after 6 months
These pension schemes can be taken both online and offline. A minimum investment of Rs 12000 per year will have to be made in this scheme. There is no maximum investment limit in this. This scheme is for people from 40 to 80 years. In this plan, the policyholder will get the loan at any time after 6 months from the date of commencement of the policy.
Investment and Return Calculator in LIC Saral Pension Plan
Return Calculator: LIC Saral Pension Scheme gives about 5 percent return on investment. If you invest Rs 2.5 lakh in this pension plan at the age of 41, then you will get a pension of Rs 12,300 annually i.e. Rs 1,025 per month. On depositing Rs 3 lakh, you will get a pension of Rs 14,760 per year or Rs 1,195 per month. At the same time, on depositing Rs 10 lakh at a time, you will get Rs 58,950 in the first annuity option and Rs 58,250 in the second annuity
