LIC Saral Pension Plan: This scheme of LIC will give pension in 40 years - Watch Video

Saral Pension Plan:

Life Insurance Corporation of India (LIC), the country's largest government life insurance company, has policies for every age group. There are many LIC schemes related to pension after the age of 60 years, but how about you start getting pension from the age of 40 itself. LIC runs a similar scheme for its customers. This is LIC's Saral Pension Yojana (LIC Saral Pension Yojana). The special thing is that in this scheme you can take advantage of pension from the age of 40.

What is LIC Saral Pension Plan? 

LIC's Saral Pension Plan is an immediate annuity plan. You start getting a pension as soon as you take a policy in it. While buying the policy under this plan, you will have to pay the premium only once. If the buyer of the policy dies due to any reason, then his deposit amount is returned to his nominee. The minimum age for this scheme is 40 years and the maximum age is 80 years. You can take this scheme alone or together with husband and wife. The policyholder can surrender this policy anytime after 6 months from the inception.