One such plan from LIC that provides immediate annuity benefits to the policyholder.
Are you looking for a pension plan that provides you with a lifetime pension to lead a secure and comfortable life after retirement?
So this Saral Pension Plan of LIC is able to give you the benefit of a pension as per your wish.
In this plan, the policyholder can choose to receive the immediate annuity amount monthly, quarterly, half-yearly, or annually at the time of taking the policy.
In this plan, the policyholder gets the benefit of an annuity throughout his life, as long as he is alive.
Under this plan, after the death of the policyholder, the nominee also gets the death benefit.
There are two options available for this policy. single plan and joint plan
In a single plan, a person can take an pension plan for himself alone.
In a joint plan the policy can be taken jointly. In this case, only the spouse can be a joint holder