LIC Saral Pension Yojana (regular income) New Saral Pension Scheme?

lic saral pension plan 2021 The interest rate eligibility of the application form in the new Saral Pension Regular Income Scheme can be checked online at IRDAI has advised insurance companies. To launch the new Saral Pension Scheme 2021. This scheme has been implemented on all insurance companies across India. LIC Saral Pension Plan It is also known as an intermediate annuity plan. Plus, it has an immediate planning effect. As every bank has different insurance policy. and pension scheme for its account holders.

lic saral pension plan 2021

All insurance companies have different names and benefits in these projects. The companies have shown that the schemes/projects out there have better returns. Attract more and more consumers towards you. And now Life Insurance Corporation of India (LIC) has come up with LIC New Saral Pension Scheme 2021. This scheme has been introduced keeping in mind the retirement fund. In this, money is paid regularly by an employee, so that pension can be done by an authority in future.

lic saral pension plan 2021
lic saral pension plan 2021

LIC has launched the new Saral Pension Scheme on 1st July. And it has only one premium. Non-participating, non-linked, and individual annuity plans. The Insurance Regulatory and Development Authority of India has the power to give directions. He advised insurance companies from time to time for the public good. As each company has stated its policy plans better than others. So the public face difficulty in finding the beneficial scheme for them.

Plan LIC Saral Pension Plan
launched by Insurance Regulatory and Development Authority of India (IRDAI)
plan type pension scheme
apply online lic simple pension 2021 apply online
an objective To provide simple terms and conditions under pension policy
Application Mode Online/Offline Both

Choosing the right insurance plan has its own functions. So in Saral Pension Yojana, the guidelines are simple, uniform and clear as per IRDAI. LIC Saral Pension Plan offers two annuity options to its holder.

LIC Saral Pension Interest Rate

The first is the method of annuity. And the second is the loan facility. Applicants can pay a lump sum amount as the acquisition price of the scheme. And then she can get a regular fixed amount as pension for the rest of her life. Although in our country. There are many companies in the insurance sector. Various plans offered.

But LIC Saral Pension plans have various benefits to the policyholder. LIC Saral Pension Scheme is 2nd Division Saral Pension Scheme (Annuity Mode): There are four modes.

lic saral pension online form 2021

As it is available on yearly, half yearly, quarterly and last monthly. To increase the annuity rate, incentive amount is available on purchase price above 5 lakhs.

Loan facility in Saral Pension Yojana: It has also provided loan facility to its policyholder. Six months after the commencement of the policy. The policyholder can also have this facility. As IRDAI regulates insurance companies.

That’s why insurance companies offered this simple pension plan. In addition, they offer standard immediate annuity products. With the help of which people can easily choose the right policy for themselves. By creating these planning parameters. There has also been increased trust between insurance users and companies. And it also stopped the misselling of insurance policies across the country.

lic saral pension scheme form 2021

LIC Saral Pension Scheme Feature

  • Saral Pension Yojana has a non-linked single premium instant annuity plan.
  • It also has a non-participating plan. There are mainly two annuity options available.
  • 100% refund of purchase price is available with payment of lifetime annuity.
  • There are four modes of payment: monthly, quarterly, half-yearly and yearly.
  • In this scheme, the policyholder will also get the facility of loan.
  • On investing, the policyholder will get annuity.

Under this plan, there is no maturity benefit. In January 2021, IRDAI has issued a circular for all life insurance companies. As, in our country, there are a lot of insurance companies working to provide policies and plans to the people. But as IRDAI regulator, all the insurance companies have to introduce the standard policy of Saral Pension Yojana before the month of April.

LIC Saral Pension Plan
LIC Saral Pension Plan

The interest rate for an insurance plan may vary from company to company. But the name should be similar to Saral Pension Yojana and the benefits should be somewhat similar.

The return of investment by insurance companies to the customer is also called annuity. Since Saral Pension has a standard individual intermediate annuity product. So you have to pay only one premium. After this your pension will be effective. Pension is said to be an important financial aid after the retirement of an employee. People become independent by getting pension after job in India.

On getting pension, they feel stress free in old age. Under this plan, the policyholder has been provided with the facility of paying annuity on his investment.

LIC Saral Pension Annuity Amount:

The minimum amount of fixed overtime period is:

  • For Annual: Rs.12000 in this
  • Half Yearly: Rs.6000
  • For Quarterly: Rs 3000
  • Monthly: Saral Pension Policy of Rs.1000

Surrender: If the employer or family member finds out some critical illness in the policy document. Then at any time, the subsidiary can surrender the policy after 6 months from the date of issue of the policy. The authority has also revised the list of critical illnesses as per the requirements of the customer. Annual policy purchase cost, 95% paid on surrender of the policy. The policy will terminate as soon as the surrender amount is paid.

LIC Saral Pension Scheme Eligibility Criteria:-

  • The candidate should be a permanent resident of India.
  • Applicant age should be between 40 years to 80 years.
  • For the policy, the minimum amount for purchase should be Rs 1000.
  • And there is no limit on the maximum amount.
  • Candidates can buy this policy from Jeevan Neem Company.
  • The maximum purchase amount depends on the customer.

LIC Saral Pension Documents Required –

  • permanent residence proof
  • Aadhar Card Identity Proof (Voter Card / PAN Card etc.)
  • income proof
  • age proof
  • bank statement
  • passport size photo
  • contact details

LIC Saral Pension Application Form 2021

  • Firstly, the applicant has to visit the official link of the LIC firm website.
  • Now the homepage has opened in front of you.
  • Go to Saral Pension Yojana Click on Apply Now for New Saral Pension Scheme
  • Now you can see, the application form has been opened in front of you
  • Fill the details asked in it and attach the documents.
  • At last click on the submit button to submit the application.

On the official website, all the details related to the schemes are made available for the interested applicant. So that the common man can understand the terms and conditions under the scheme. And they can get benefit from it.

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