LIC launches new pension plan, can take loan after 6 months, can get pension every month

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LIC launches a new pension plan, in which policyholders will be able to take a loan after six months.

This scheme is for people in the age group of 40 years to 80 years, which can be availed both online and offline.

LIC launches new pension plan

New Delhi: Life Insurance Corporation of India (LIC) has launched a new scheme named Saral Pension scheme, in which the consumer can take a loan at any time after six months from the date of commencement of the policy.

The minimum annuity under this plan is Rs 12,000.

There is no ceiling on the maximum purchase price and the plan is available for people in the age group of 40 years to 80 years.

It is a non-linked, single premium, individual immediate annuity plan, which can be taken by both spouses together. Applications are available for this both offline and online.

To buy this policy online, you have to visit the website of The minimum purchase price in this is Rs 12,000.

LIC launches a new pension plan

Two Options

Under this scheme, the policyholder will have to choose the annuity from two available options on payment of lump-sum amount.

In the first option, where the insured person will continue to get a pension for life and in case of death, 100% of the sum assured will be given to the nominee, while in the second option, the policyholder will get pension for life and after his death, the pension will be given to the spouse.

Will get After the death of the last survivor, 100% sum assured will be given to the nominee.

Under this plan, if you have to deposit at least 1 thousand rupees for pension every month, while for a quarterly pension you will need to invest 3 thousand rupees in a month.

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