Home सरकारी योजना LIC Saral Pension Scheme – Secure Your Retirement with Just One Investment!

LIC Saral Pension Scheme – Secure Your Retirement with Just One Investment!

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LIC Saral Pension Scheme

LIC Saral Pension Scheme – Secure Your Retirement with Just One Investment!

LIC’s Saral Pension Plan stands out as a remarkable retirement solution, offering the assurance of a monthly pension after a single investment. This plan, provided by the Life Insurance Corporation (LIC), the largest government insurance company in the country, caters to individuals across all age groups. Renowned for its safety and impressive returns, LIC Saral Pension Plan is a unique policy that ensures a steady monthly pension for life, requiring only a one-time investment.

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The age limit for the scheme is 40-80 years.

The eligibility for this scheme spans from 40 to 80 years of age, making it accessible to a broad demographic. This pension scheme guarantees financial security throughout one’s lifetime and can be acquired by individuals or couples aged between 40 and 80 years. Notably, policyholders have the flexibility to surrender the policy after six months from its commencement, and in the event of the policyholder’s demise, the invested amount is returned to the nominee as a death benefit.

Popular as a retirement plan

Considered a popular retirement plan, LIC Saral Pension, with its fixed monthly pension, seamlessly integrates into post-retirement investment planning. For instance, someone who has recently retired can invest their retirement funds, such as the provident fund (PF) and gratuity, in this scheme, ensuring a steady monthly pension for the rest of their life.

No maximum limit for investment

The LIC Saral Pension Plan allows individuals to purchase an annuity starting from Rs 12,000 annually, with no upper limit on the investment amount. The frequency of pension payouts – whether annually, semi-annually, quarterly, or monthly – is determined by the premium payment schedule. According to the LIC Calculator, a 42-year-old individual investing Rs 30 lakh can receive a monthly pension of Rs 12,388.

Loan facility also available

Adding to its appeal, the policy offers a loan facility to policyholders after six months. A distinctive feature of this straightforward pension scheme is that the pension amount initiated remains constant throughout the policyholder’s life. To explore and purchase this plan online, visit the official LIC website at www.licindia.in, providing a hassle-free experience for potential investors. Secure your retirement with LIC’s Saral Pension Plan – a single investment for a lifetime of financial stability!

LIC Saral Pension Scheme: Essential Documentation

To apply for the LIC Saral Pension Scheme, ensure you have the following documents ready:

  1. Aadhar card
  2. PAN card
  3. Bank account statement
  4. Ration card
  5. Address proof
  6. Income certificate
  7. Passport-size photograph
  8. Mobile number

Online Application Process for LIC Saral Pension Scheme

Follow these steps for a hassle-free online application process:

  1. Visit the official website of the insurance company or bank.
  2. Locate the section for the Saral Pension Scheme on the homepage and click on it.
  3. Look for the “Apply Now” link and click on it using your computer mouse or mobile touch screen.
  4. The application form will appear on your screen.
  5. Fill in all the necessary information, including your name, phone number, and address.
  6. Attach the required important documents as specified in the form.
  7. Click on the submit option to process your application under the Saral Pension Scheme.

Offline Application for LIC Saral Pension Scheme

For those preferring an offline approach, follow these steps:

  1. Visit the nearest insurance company or bank office and inquire about the Saral Pension Scheme.
  2. Obtain the Saral Pension Scheme Application Form from the office.
  3. Carefully fill in the required information on the application form, including your name, address, mobile phone number, and attach all necessary documents.
  4. Submit the completed application form to the insurance company office.

By following these simple steps, you can successfully apply for the Saral Pension Scheme offline and enjoy its benefits.


In conclusion, the LIC Saral Pension Scheme is a commendable initiative to secure your financial future. By investing in this straightforward scheme, you can avoid financial crises in your old age, ensuring a comfortable and secure life. As you reach a certain age, the scheme guarantees a regular pension, providing stability in your retired life.


Q: What is the scheme where all insurance companies operate under the same terms and conditions?

Ans: Simple Pension Scheme.

Q: Up to what age are beneficiaries eligible for the Saral Pension Scheme?

Ans: From the age of 40 to 80.

Q: Who is entitled to pension benefits after the death of the subscriber?

Ans: The customer’s wife or husband.

Q: In what forms can applications be made under the Saral Pension Scheme?

Ans: Applications can be submitted through both online and offline mediums.

Q: Who will benefit from the Saral Pension Scheme?

Ans: Residents of India.

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