KEY HIGHLIGHTS
- LIC’s Saral Pension Plan gives lifetime monthly pension with one-time investment.
- A lump sum of ₹30 lakh can provide around ₹12,388 monthly pension for life.
- No upper investment limit; flexible payout options and loan available.
If someone told you that a single investment could secure your entire old age, you’d probably want to hear more. That’s exactly why LIC’s Saral Pension Plan is getting so much attention right now.
People who don’t want to risk and prefer a steady pension without tension are finding this plan to be a strong, paisa-vasool option.
LIC Saral Pension Plan
| Feature | Details |
|---|---|
| Minimum Entry Age | 40 years |
| Maximum Entry Age | 80 years |
| Investment Type | One-time (Lump sum) |
| Minimum Annuity | ₹12,000 per year |
| Maximum Limit | No upper limit |
| Pension Mode | Monthly / Quarterly / Half-yearly / Yearly |
| Joint Life Option | Available for husband & wife |
| Loan Facility | Available after 6 months |
| Surrender Option | After 6 months |
| Death Benefit | Investment returned to nominee |
Why This Plan Clicks With Indians
Most people prefer something simple — put money once, get a fixed pension every month, no ups and downs.
That’s the asli appeal of this LIC pension scheme.
LIC allows anyone between 40 to 80 years to enter the scheme.
And it works whether you want it alone or want to cover your spouse too.
For many families, this becomes the financial backbone in the later years.
Same Pension, Start to End
Once you invest, your pension amount stays the same throughout life.
No surprises. No reductions.
Imagine you’ve retired recently. You take part of your PF or gratuity, invest it here, and from the very next cycle, your pension starts coming in.
This makes it a solid choice for people who want an immediate and stable monthly income.
The best part?
You can surrender the policy after six months, and there’s also a death benefit, where your nominee gets the invested amount back.
Minimum Investment? Very Reasonable
LIC allows you to start with an annuity of ₹12,000 per year.
But there’s no maximum cap, so high-value retirees can invest more and receive a higher pension.
And yes, you can take a loan on the policy after six months.
This makes it more flexible than many traditional pension plans.
Example: How ₹30 Lakh Gives ₹12,388 Monthly Pension
According to the LIC calculator, if a 42-year-old invests ₹30 lakh as a lump sum, they start receiving ₹12,388 every month for life.
No market risks.
No change in the pension amount.
This is why many middle-class families see this as a retirement security blanket.
Want to buy it online?
Visit LIC’s official site: www.licindia.in
Frequently Asked Questions
1. Can I take this plan jointly with my spouse?
Yes. LIC allows the Joint Life mode where both husband and wife get coverage. After one passes away, the surviving partner continues receiving the pension.
2. What happens if I need money urgently?
You can surrender after 6 months and also take a loan on the policy after six months of purchase.
3. Is the pension amount taxable?
Yes. Pension received under annuity plans is treated as income and taxed as per your tax slab.
