Life Insurance Corporation of India Policy Details

Life Insurance Corporation of India Policy Details


New Delhi: If you are also planning to take an insurance plan, then this may be the work information for you. If you are thinking of taking a plan of LIC (LIC insurance policy), the largest insurance company in the country,


then LIC Saral Pension Yojna is becoming a better option for you. It is considered a non-linked, single premium, personal instant annuity plan. You can also take advantage of this plan with your spouse. Let us know about it in detail,


LIC merchant



When was this policy launched?

Life Insurance Corporation of India (LIC) launched Saral Pension Scheme on July 1, 2021 keeping in view the financial needs of the people. The most special thing about this policy is that it has become very easy for you to get fixed income every month by paying premium only once.


In this scheme you can avail the benefit at any time after taking a loan for six months from the date of commencement of the policy. It becomes quite easy for you to buy this policy online and offline.


Life Insurance Corporation of India.


LIC’s simple pension scheme policyholder starts getting a monthly pension of Rs. 12,000. The minimum annuity under this plan is Rs. 12,000 per annum. The minimum purchase price depends on the annuity mode, the options chosen and the age of the policyholder.

Under this plan, if you want to avail the benefit of monthly pension, it is considered necessary to deposit at least 1 thousand rupees every month. In the same way, for quarterly pension, it is important to invest at least 3000 in a month. Under this scheme of LIC, the policyholder is being given the option to choose annuity from the available options if he looks at the payment of lump sum.

The second option is that the policyholder starts getting lifelong pension. After his death, the husband and wife will get a lifetime pension. It is important to return the 100 per cent Sum Assured nominee after the death of the Last Survivors



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