Today we are going to tell you about a scheme in which you have to invest only once.

LIC Saral Pension Yojana:

A simple pension scheme of a Life Insurance Corporation (LIC) can be taken either as single life or joint life.

In single life, the policy is in the name of one person. The policyholder gets a pension for his whole life.

In a single-life policy, on the death of the policyholder, the amount of the base premium is returned to his nominee.

In joint life, both husband and wife can take a pension together. They get a pension till the primary pensioner is alive.

In this joint life policy of LIC, after the death of the primary pensioner, his life partner gets a pension.

After the death of the primary pensioner and his/her life partner, the amount base premium is given to the nominee.

Under LIC Saral Pension Yojana, any person has to pay the premium only once while buying the policy.

After taking this policy of LIC, if you do not want to continue it, then you can surrender it within six months.

Only people between the age of 40 years to 80 years can invest in this scheme of Life Insurance Corporation.