LIC Saral Pension Yojana: Pay Single Premium, And Get Rs.50,000 Per Month!


Most people want to lead a quality life. However, living a quality life is usually not cheap which requires careful financial planning. Maintaining economic balance has become the most common method not only in posh cities but also in poor cities. Most people look for the best financial investment from where they can get maximum and safe returns.

Here are the LIC policy details from where you will start getting money at the age of 40. The name of this policy is Saral Pension Yojana, in which you can get a pension even from the age of 40 years. Let's take a look at this scheme.

Policy premium

It is a type of single premium pension plan, in which you have to pay the premium only once and you can earn for life. Saral Pension Yojana is an immediate annuity plan, which means that you start getting a pension as soon as you take the policy. Once the policy is taken, your pension will remain the same.

Rules and Regulations

There are two categories of this premium.

Single Life – In this, the policy will be in the name of the policyholder. In any case, the policy cannot be transferred to any other person. As long as the pensioner is alive, he will continue to get the pension. After his death, the amount of basic premium will be returned to his nominee.

Joint Life – In this, both the husband and wife are insured. As long as the primary pensioners are alive, they will continue to receive the pension. After his death, his wife will continue to get a pension for life. After his death, the base premium amount will be handed over to his nominee.


Age Range

The minimum age limit for the benefit of this scheme is 40 years and the maximum age limit is 80 years.

Benefits of this policy

It is a lifelong policy, so a pension is available for life.

Saral Pension Policy can be surrendered anytime after six months from the date of commencement.

You can take a pension every month.

Apart from this, it can also be taken on a quarterly, half-yearly, and yearly basis.

Pension scheme

If you want money every month, then you have to take at least 1000 rupees pension. In this, you have to select a minimum pension of Rs 12000. If you have deposited a single premium of Rs 10 lakh, then you will start getting Rs 50,250 annually. Apart from this, if you want your deposit back in the middle, then after deducting 5 percent, you get the deposit back.