LIC New Pension Plan | 01 July 2021 | LIC Saral Pension Yojana 862 | LIC सरल पेंशन योजना 862
This whiteboard animation video is about LIC Saral pension yojana 862. This is a new pension plan of LIC available from 01 July 2021. You will get complete information about this new pension plan. This new pension plan is a IRDA guided product. This whiteboard animation video of the Saral pension plan will help you understand all aspects of this pension plan.
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LIC New Pension Plan | 01 July 2021 | LIC Saral Pension Yojana 862 | LIC सरल पेंशन योजना 862…(read more)

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LIC New Pension Plan – LIC Saral Pension Yojana 862

The Life Insurance Corporation of India (LIC) has recently launched a new pension plan – LIC Saral Pension Yojana 862. This plan is designed to provide financial security to individuals during their retirement years. It is a non-linked, non-participating pension plan that offers a guaranteed return of 8.25% per annum.

The plan provides a lump sum amount at the time of maturity along with regular income in the form of annuity. The annuity amount is determined at the time of purchase of the plan and is payable for life. The plan also offers an additional benefit of death benefit in case of death of the policyholder.

The minimum age for entry into this plan is 18 years and the maximum age is 60 years. The minimum sum assured is Rs.1 lakh and the maximum is Rs.50 lakhs. The policy term is 10 to 20 years and the premium paying term is 5 to 10 years. The policyholder has the option to choose the premium paying term as per his convenience.

The plan also provides a loan facility to the policyholder. The policyholder can avail loan up to 90% of the surrender value of the policy. The policyholder can surrender the policy at any time after completion of at least 3 years of the policy term. However, the policyholder will not receive any surrender value if the policy is surrendered before the completion of 3 years.

The plan is a great option for those who are looking for a secure and guaranteed return on their investments. It offers a guaranteed return of 8.25% per annum along with regular income in the form of annuity. It also provides a death benefit in case of death of the policyholder.

Overall, LIC Saral Pension Yojana 862 is a great option for those who are looking for financial security during their retirement years. It provides a guaranteed return of 8.25% per annum along with regular income in the form of annuity. It also provides a death benefit in case of death of the policyholder.