Nowadays a large number of people work in the private sector. During the job, people save a lot of money, but a pension is not arranged in old age. For this, you must invest in such a place in time so that you do not have any tension about regular income after retirement. Today we are going to tell you about one such pension plan, in which you can arrange a pension by paying only 1 premium. Not only this, if you want, you can take this pension from the age of 40 years only. Know all the information related to this pension plan in the slides below.

Know what is LIC Saral Pension Plan

We are talking about the LIC Saral Pension Plan. LIC Saral Pension Plan is an immediate annuity plan. You start getting a pension as soon as you take the policy in it. The special thing is that you do not have to wait till the age of 60 to get a pension in it. You can avail of pension benefits from the age of 40.

The work will be done by just paying the premium once
The special thing about this pension scheme is that while buying the policy, you have to pay the premium only once. After the payment of the premium, the policyholder starts getting pension and the amount of pension received for the first time, the same amount is received throughout life.

Single Life and Joint Life Plan
Saral Pension Plan can be taken in two ways. First single life and second joint life. In single life, as long as the policyholder is alive, he will keep getting pension. After death, the investment amount will be returned to the nominee. On the other hand, joint life covers both husband and wife. In this, the primary policyholder is given pension as long as he is alive. After death, his spouse gets the benefit of pension. In case of death of both, the deposited amount is given to the nominee.

How much pension is received?
Under Saral Pension Yojana, you can get a monthly pension of Rs 1000 and there is no maximum pension limit. This pension depends on the amount you invest. For pension, you get the option of monthly, quarterly, half-yearly and yearly pension. You will be given pension according to the option you choose.

How much pension will you get on investing Rs 10 lakh at the age of 60

According to LIC's website, if you invest Rs 10 lakh in it at the age of 60, then you will get Rs 64,350 annually. On the other hand, if you are 60 years old and your wife is 55 years old and you buy a joint life plan, then you will get Rs 63,650 annually.

You can invest from 40 to 80 years

In this scheme, you can invest anytime from 40 to 80 years of age and can start taking the benefit of pension along with the investment. If you invest in Saral Pension Scheme at the age of 40, then you start getting pension benefits from that age, which will be available for life.

Loan facility also

You also get loan facility in this plan of LIC. You will start getting loan facility after 6 months of buying the plan. In case of any emergency, if you want to surrender the policy, then you also get this facility after six months.

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