Winning Bizness Desk

Mumbai. If you are also looking for such a scheme (money making tips) in which you keep getting money throughout your life, then understand that this scheme is made for you only. Because there is no fear of drowning your money in it. That is, you can rest assured and invest here. The most important thing about this scheme is that you can withdraw your deposited amount whenever you want. Life Insurance Corporation of India has brought this scheme for you. The name of this scheme of LIC is Saral Pension Yojana. It is a single premium pension plan, in which premium is to be paid only at the time of taking the policy. After this, you will continue to get pension for the whole life. On the death of the policyholder, the amount of single premium is returned to his nominee.

Money will be available as soon as you take the policy

Saral Pension Yojana is an immediate annuity plan, that means you start getting pension as soon as you take the policy. After taking this policy, as much as the pension starts with, the same pension is available for the whole life. If you want your deposited amount back in the middle, then in such a situation you get back the deposited amount by deducting 5 percent. The minimum age limit to take advantage of this scheme is 40 years and maximum 80 years. Since it is a whole life policy, pension is available for the whole life, as long as the pensioner is alive.

Can surrender only after 6 months

The most important thing about this is that Saral Pension Policy can be surrendered anytime after six months from the date of commencement. 2 Ways to Take Saral Pension Scheme: LIC Saral Pension Scheme is of two modes: first life annuity with 100% return of purchase price and second pension plan joint life.

Invest at least Rs 12000

Whatever amount of pension you choose, you will have to pay accordingly. If you want pension every month, then you have to take at least a Rs 1000 pension, Rs 3000 for three months, Rs 6000 for 6 months and Rs 12000 for 12 months. There is no maximum limit. If you are 40 years old and you have deposited a single premium of Rs 10 lakh, then you will start getting Rs 50250 annually which will be available for life.