LIC Saral Pension Yojana 2023

LIC Saral Pension Yojana 2023: LIC Simple Pension Yojana : Are you worried about your financial security in future? Are you looking for a safe and reliable investment option that can provide you with a steady source of income even after retirement? Look no further than LIC Simple Pension Yojana! LIC Saral Pension Yojana is a superhit scheme offered by LIC that allows you to deposit money once and get Rs.

Allows receiving pension up to 50,000 for the rest of your life. This scheme is designed to provide financial security to people in the age group of 40 years to 80 years 

LIC Saral Pension Yojana 2023

LIC Jeevan Simple Plan is an endowment plan offered by LIC that allows you to choose the premium payment amount and mode. As per the Insurance Regulatory and Development Authority of India (IRDAI) guidelines, this plan is a standard immediate annuity plan that offers the same terms and conditions for all life insurance companies.

Article Name

LIC Simple Pension Scheme

Type of article

Government scheme 

Who can apply?

All applicants can apply 

Required age limit?

Minimum Age – 40 years

Maxi age

80 years

Application mode


Official website


Interest rate available in LIC Simple Pension Scheme

The first is the annuity method. And another is the loan facility. Applicants can pay lump sum amount as acquisition value of the scheme. And then he can get a regular fixed amount in the form of pension (LIC Simple Pension Yojana) for the rest of his life. However in our country. There are many companies in the insurance sector.

Various plans are offered. But LIC Simple Pension Schemes have various benefits to the policyholder. LIC (Life Insurance Corporation) Simple Pension Scheme is a second class simple pension scheme. Because it is available on annual, half yearly, quarterly and last monthly basis.

To increase the annuity rate, incentive amount is available on purchase price above 5 lakhs. Loan facility in Saral Pension: It has also provided loan facility to its policy holder. Six months after inception of policy (Life Insurance Corporation). The policy holder can also avail this facility. As IRDAI regulates insurance companies.


People aged 40 years to 80 years are eligible for LIC Saral Pension Plan. According to LIC’s website, this scheme is an excellent option for people looking for financial security for their family.

Four options to get pension

There are four options for getting pension in LIC Simple Pension Plan. Customers can take monthly, quarterly, half-yearly or yearly pension. Monthly pension minimum Rs. 1000, quarterly pension minimum Rs. 3,000, half yearly pension minimum Rs. 6,000 and an annual pension of minimum Rs. 12,000 will be. There is no limit on the maximum pension amount. For example, if you are 42 years old and you buy an annuity worth Rs 30 lakh, you will get a monthly pension of Rs 12,388.

How to get pension under LIC Simple Pension Scheme ?

With LIC Saral Pension Plan, you can get Rs. can get pension up to 12,000 per month by paying just one premium. You can opt for monthly, quarterly, half-yearly or annual pension under this scheme. Pension will be paid when the policyholder or nominee attains 60 years of age.

To get pension, one must buy a policy with minimum annuity of Rs. 12,000 per annum. There is no maximum limit, and if a person deposits a single premium of Rs. 10 lakh, he will get a pension of Rs. 52,500 per annum.

What are the premium payment options?

LIC Simple Pension Plan offers multiple premium payment options including monthly, quarterly, half yearly and yearly. The premium amount is automatically deducted from the salary during or before the full term of the policy.

In conclusion, LIC Simple Pension Yojana is an excellent investment option for those looking for financial security in their retirement years. One time deposit and Rs. with the option of getting pension up to 50,000 for life, this scheme provides a reliable source of income that can help you lead a comfortable life even after retirement. So, don’t wait any longer and secure your financial future with LIC Simple Pension Yojana today!

Important Link

Official Notification


Thanks for visiting this useful post, Stay connected with us for more Posts. Visit every day for the latest offers of various brands and other technology updates.

Post a Comment