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

LIC Saral Pension Yojana 2022 application form interest rate eligibility can be checked online the New Saral Pension regular income Plan. IRDAI has advised the insurance companies. To introduce the New Saral Pension Yojana 2022. The scheme has applied to all insurance companies across India. LIC Saral Pension Yojana has also known as an intermediate annuity scheme. Also, it has immediate scheme effects. As every bank has different insurance policies. And Pension plans for its account holders.

LIC Saral Pension Yojana 2022

All the insurance companies have different names and benefits in these projects. Companies have shown that there plans/ project has a better advantage. To attract more consumers to them. And now LIC (Life Insurance Corporation) of India has come up with LIC New Saral Pension Scheme 2022. The scheme has introduced by keeping the superannuation fund in mind. It has a regular payment made into funds, by an employee, so that future pension made by an authority.

LIC Saral Pension Yojana 2021
LIC Saral Pension Yojana 2022

LIC has launched New Saral Pension Scheme on 1st July. And it has a single premium. non-participating, non-linked, and individual annuity plan. The Insurance Regulatory and Development Authority of India has the power to instruct. In a timely, they gave advice to insurance companies for the betterment of the public. As each company has described their policy plans better than others. So the public faces difficulty to find a beneficial scheme for them.

Scheme LIC Saral Pension Scheme
Launched by Insurance Regulatory and Development Authority Of India (IRDAI)
Scheme Type Pension Yojana
Apply online LIC Saral Pension Apply Online 2022
Objective To Provide simple terms and conditions under a pension policy
Application Mode Both Online/ Offline

Choosing one right insurance plan has its own tasks. So in Saral Pension Yojana, guidelines are simple, equal, and clear as per IRDAI. LIC Saral Pension Scheme offers two annuity options to its holder.

LIC Saral Pension Interest Rate

The first is the Mode of the annuity. And second is the Loan facility. Applicants can pay a lump sum amount as the acquire price of the plan. And then he/ she can receive a regular fixed amount as pension for the rest of his/ her life. Although in our country. There have lots of insurance sector companies. Offered various plans.

But LIC Saral Pension Schemes has various benefits to its policyholder. LIC Saral Pension Scheme 2 division is Saral Pension Plan (Mode of Annuity): It has four modes.

LIC Saral Pension Online Form 2021

As it has available on Yearly, Half-yearly, quarterly and last monthly. For increasing the annuity rate, an incentive has available for the purchase price of more than 5 Lakh.

Loan Facility in Saral Pension Plan: It has also offered a loan facility to its policyholder. After six months of commencement of the policy. The policyholder can have this facility as well. As IRDAI regulates insurance companies.

So insurance companies offered this Saral Pension Yojana. Also, they providing standard immediate annuity products. With the help of that public can easily choose the right policy for them. By making these scheme standards. The trust has also increased between insurance users and companies. And also it stopped the misselling of insurance policies across the country.

LIC Saral Pension Scheme Form 2022

LIC Saral Pension Scheme Feature

  • Saral Pension Scheme has non linked single premium instant annuity plan.
  • It also has a non-participating plan in it. Two annuity options are available in it mainly.
  • 100% return of purchase price has available with payment of lifetime annuity.
  • Four modes of payment in it: Monthly, Quarterly, Half-yearly, and Yearly.
  • The Policyholder will also get a loan facility in this scheme.
  • On investment, the policyholder will get an annuity.

Under this scheme, there have no maturity benefits. In January 2022, IRDAI has issued a circular for all the life insurance companies. As, in our country, there are lots of insurance companies working to provide policy and plans to people. But as IRDAI regulatory, all the insurance companies have to introduce the Standard Policy of Saral Pension Scheme before April month.

LIC Saral Pension Scheme
LIC Saral Pension Scheme

The rate of interest may vary for the insurance plan from the company to other companies. But the name has to be the same as Saral Pension Scheme and benefits have to be somewhat same.

 Return of Investment for the customer by the insurance companies has also called an Annuity. As Saral Pension has a standard individuals intermediate annuity product. So you need to pay one premium only. And then your pension will start in effect. Pension called an important financial help after the retirement of an employee. In India, having a pension after a job makes people independent.

They feel tension free in older age if they getting pension. Under This scheme, the facility of granting annuity to the policyholder has made available on their investment.

LIC Saral Pension Annuity Amount:

Minimum Amount decided overtime period is:

  • For Yearly: It has 12000 Rs
  • Half yearly: 6000 Rs
  • For Quarterly: 3000 Rs
  • Monthly: 1000 Rs Saral Pension Policy

Surrender: In case, if the employer or family member discovers in the policy document some critical illness. Then at any time, the assistant may surrender the policy after 6 months from the policy issue date. The authority has also revised the list of critical illnesses as per the requirements of the customer. The price of policy purchase annually, 95% have given on the surrender of the policy. When the surrender amount has paid, as soon as the policy will terminate.

LIC Saral Pension Yojana Eligibility Criteria:-

  • The candidate must be the permanent residence of India.
  • The age of the applicant should be between 40 years to 80 years maximum.
  • For policy, the minimum amount for purchase should be 1000 Rupees.
  • And there is no limit for the maximum amount.
  • Candidates can purchase this policy from Jeevan Neem Company.
  • The Maximum Amount of purchase 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 Details
  • Passport Size Photo
  • Contact Details

LIC Saral Pension Application Form 2022

  • First of all, the Applicant needs to visit the Official Link of the Website of the LIC firm.
  • Now Hompage has opened in front of you.
  • Go to Saral Pension Scheme Click on Apply Now for New Saral Pension Scheme
  • Now you can see, the Application form has opened in front of you
  • Fill in the details asked in it and attach the documents.
  • Click on submit button in the last, for application submission.

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 benefited.

LIC Portal Click here
MPNRC home Click here

19 thoughts on “LIC Saral Pension Yojana (regular income) New Saral Pension Scheme?”

  1. hoo is the purchase price of
    Policy for getting Rs. 10,000/-
    Per month for couple of 75yrs.+58yrs. for option 2

  2. The return on investment works out to just 5% interest per annum. What will be % of GST collected we do not know. If this is included, then the return works out to less than 5% and not at all attractive. Instead, savings in small saving scheme of Post Office as on today gives better results.

  3. Hi
    Give a chart ,if a 40 years old client invest 1 lakh rupees (one time ),after 60 years of age, how much pension he can get monthly ?? Thanks

  4. I am 63 years old. I have no work. I love I getting EPFPENSION. Can I eligible to saral new pension scheme. & how much pension I will get.

  5. I AM 50 YEARS OLD. How much money should I invest yearly so that I can get a pension of ₹10,000 per month after the age of 60.

  6. I am interested in pension scheme. I am 73 yrs old. To get Rs3000 per month pension how much I have to pay one time premium?


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