LIC Saral Pension Yojana: Everyone wants to feel secure about their future, especially when it comes to finances.
That’s why many people choose to invest in pension plans. One of the most trusted names in this space is the Life Insurance Corporation of India (LIC).
Known for its tagline “Zindagi ke saath bhi, zindagi ke baad bhi,” LIC offers a variety of investment and pension plans—one of which is the Saral Pension Yojana, a scheme that allows you to start receiving a monthly pension from the age of 40.
What is the LIC Saral Pension Yojana?
LIC’s Saral Pension Yojana is a non-linked, non-participating, single premium pension plan. This means:
You invest only once (lump sum).
The returns are not tied to the stock market.
You get a regular pension for life.
You can start receiving monthly pension benefits after turning 40. It’s a good option for those who want to plan for early retirement or want steady income later in life.
How Much Can You Invest?
There is no maximum limit for investing in the Saral Pension Yojana.
You make a one-time payment (single premium), and then choose how you want to receive your pension:
Monthly
Quarterly (every three months)
Half-yearly
Yearly
The higher your investment, the higher your pension will be.
Who Can Invest?
Minimum age to invest: 40 years
Maximum age to invest: 80 years
Anyone between 40 and 80 years old can buy this plan and start receiving a pension.
Two Investment Options: Single Life & Joint Life
The scheme offers two choices:
Single Life Option:
The pension is paid to the policyholder for life. After the policyholder passes away, the invested amount is given to the nominee.Joint Life Option:
This is ideal for couples. The pension is first paid to the primary policyholder. After their death, the spouse continues to receive the pension. After both pass away, the invested amount is returned to the nominee.
What Happens After Death?
Under the Joint Life Plan:
If the main policyholder dies, the spouse continues to get the pension.
If both pass away, the nominee gets back the total invested amount.
How Much Pension Will You Get?
There is no fixed return amount, as the pension depends on how much you invest. The more you invest, the more monthly pension you will receive.
You can visit LIC’s official website or contact a LIC agent to calculate your pension based on your investment.
LIC Saral Pension Yojana is a simple and secure way to plan for retirement.
With just one investment, you can enjoy a fixed monthly income and financial peace of mind for the rest of your life.
