LIC Saral Pension Plan 2025 | One Time Premium Lifetime Return

In today's world, a large number of individuals work in the private sector. While they save a significant amount during their working years, many struggle to secure a regular pension after retirement. To ensure financial stability in old age, it is crucial to invest in the right pension scheme at the right time.

One such excellent pension scheme is the LIC Saral Pension Plan, which allows you to arrange a lifetime pension with just a one-time premium payment. Notably, this scheme provides the flexibility to start receiving pension benefits from the age of 40, rather than waiting until 60.

Let's explore all the essential details of this pension scheme below.

What is LIC Saral Pension Plan?

The LIC Saral Pension Plan is an immediate annuity scheme offered by the Life Insurance Corporation of India (LIC). This plan ensures that you start receiving a steady pension income as soon as you purchase the policy. Unlike many other pension plans, you don’t have to wait until retirement age (60 years) to start receiving a pension – you can begin as early as 40 years old.

This pension scheme operates on a one-time premium payment model, ensuring a lifelong pension benefit.

Types of LIC Saral Pension Plan

This scheme is available in two variants:

1. Single Life Pension Plan

Under this option, the policyholder receives a pension for life.
In the event of the policyholder's death, a lump sum amount is provided to the nominee.

2. Joint Life Pension Plan

This option is designed for married couples.
The pension is provided to the policyholder and their spouse.
If one partner passes away, the other continues receiving the pension benefits.
In the case of both partners passing away, a lump sum is given to the nominee.

LIC Saral Pension Plan – Investment & Returns

You can start investing in Saral Pension Plan from the age of 40.
The maximum age limit for investment is 80 years.
The minimum monthly pension starts from ₹1,000, while there is no upper limit on the pension amount.
You can choose to receive your pension monthly, quarterly, half-yearly, or annually.

Example of Returns:

If a 60-year-old individual invests ₹10 lakh, they will receive an annual pension of ₹64,350.
If a 60-year-old husband and 55-year-old wife opt for a joint life plan, they will receive an annual pension of ₹63,650.

These returns vary based on the investment amount and annuity option selected.

Benefits of LIC Saral Pension Plan

✅ Lifetime Pension – A steady source of income for life.
✅ Early Pension Benefits – Start receiving pension from age 40.
✅ No Market Risks – Guaranteed fixed pension amount.
✅ Flexible Payout Options – Choose from monthly, quarterly, half-yearly, or annual payments.
✅ Joint Life Benefit – Secure spouse’s financial future.
✅ Return of Purchase Price – Upon death, the nominee receives the lump sum amount.

Who Should Invest in LIC Saral Pension Plan?

This plan is ideal for:

Private sector employees without a government pension.
Individuals looking for secure retirement income.
People who want a one-time investment plan for lifelong pension.
Married couples who want joint pension benefits.

How to Apply for LIC Saral Pension Plan?

Follow these simple steps to apply:

Visit the Official LIC Website – licindia.in
Select "Saral Pension Plan" under the pension schemes section.
Calculate Your Pension using the available premium calculator.
Fill in the Online Application Form with personal and payment details.
Upload Required Documents such as ID proof, age proof, and address proof.
Make Payment through net banking, debit/credit card, or UPI.
Receive Policy Details & Confirmation via email and SMS.

Alternatively, you can visit the nearest LIC branch to apply offline.

Important Links

Official Website: LIC India
Apply Online: Click Here
LIC Saral Pension Plan Brochure: Download PDF

Final Thoughts

The LIC Saral Pension Plan is a secure and hassle-free way to ensure a steady pension income in retirement. With the option of early pension from age 40, lifetime security, and one-time investment, it is a great choice for individuals looking to secure their financial future.

Read in Gujarati Click Here

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