To overcome this problem, LIC has introduced a pension plan, which is named Jeevan Saral Plan. In this, investors have the option to choose the premium amount. Investors can invest in this from the age of 40 to 80 years.

Premium to be paid once

Most of the employed are in search of such options for themselves, by investing in which they can get money like regular income even after retirement. According to LIC website LIC Jeevan Saral plan is a policy designed as per the guidelines of Insurance Regulatory and Development Authority of India (IRDAI). In this, the investor has to deposit money in one go.

You can buy policy online

LIC has said that this plan can be purchased offline as well as online through LIC’s website www.licindia.in. This pension scheme will be linked to any one person.

In LIC Saral Jeevan plan, the investor gets a monthly pension of Rs 12,000 and has to pay a one-time premium. The policyholder can opt for Monthly, Half Yearly, Quarterly and Yearly.

How much pension will you get after depositing 10 lakhs

In this policy, the pension starts after the policy is purchased. If a person invests Rs 10 lakh, he will get a pension of Rs 52,500 per year.

The policy buyer will have to provide address proof and KYC documents along with medical details. Medical tests will also be done