LIC’s Saral Pension Plan is a single premium plan in which you can get a fixed pension amount throughout your life by paying premium only once. This scheme has been started by Life Insurance Corporation of India on 1st July 2021.
You can buy this scheme offline or online from the official website of www.licindia.in. The minimum annuity under this pension plan is Rs 12000 per annum. There is no maximum purchase price limit in this plan. The scheme is available for the age group of 40 to 80 years. To get the benefit of monthly pension, you have to contribute at least Rs 1000. For quarterly pension, this amount is Rs 3000.
Source: Navbharat Times
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