LIC Policy: Pay One-Time Premium and Get Rs 12,000 Every Month, Here’s How | Personal finance news

New Delhi: In India, the Life Insurance Corporation (LIC) of India offers a host of safe policies that provide investors with impressive returns at the time of maturity as well as a decent sum assured to provide an investor’s family financial support in an unforeseen event.

Life insurance has indeed become crucial nowadays. Therefore, investing in an LIC policy has become the need of the hour, especially for salaried people who may not have exceptional savings with them.

In one such scheme offered by LIC, the insurer allows investors to receive Rs 12,000 each month by paying only one premium. The scheme we are talking about is LIC Saral Pension Yojana.

Under the LIC Saral Pension Yojana, the largest insurer in the country offers two options. The first option offers a life annuity with a 100% return on the purchase price. The policy’s benefits are limited to option investors, which promise a monthly payment until the policyholder is alive. The candidate receives the bonus in case of misfortune in the life annuity with a return option of 100%.

The second option of the LIC Saral Pension Yojana is a joint life pension plan in which husband and wife can receive the monthly pension. The contestant receives the base award at the time of the couple’s death.

LIC Saral Pension Yojana

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