Because most insurance companies that are in accordance with its Polisario name and rules to their own benefit and to sell the same policy with different names to which are a normal person to policymaking or trouble understanding the rule so by IRDAI Saral pension scheme has been introduced The terms and conditions have been kept simple, clear and uniform in Saral Pension Yojana.
You must have many questions regarding the Saral pension scheme like Saral pension scheme kya hai ?, how to apply for the Saral pension scheme? For complete information about Saral Pension Yojana, read the article completely.
What is Saral Pension Yojana ?
Saral Pension Yojana : All insurance companies were asked by IRDAI to bring such a pension plan whose terms and conditions will be kept simple, clear, and uniform, which has started from 1st April 2021. Because the terms and conditions of this plan have been kept simple and uniform by all insurance companies, therefore it will be sold by all insurance companies in the name of Saral Pension Yojana.
Saral Pension Yojana: This is an Immediate Annuity Plan, in which you start getting a pension as soon as you take the policy. You will continue to get a pension.
Types of Saral Pension Scheme
There are two ways to take Saral Pension Yojana which are as follows:-
Single Life Plan: If you are not married, then you can take a single life plan, this policy is in the name of any one person, as long as the policyholder is alive, he continues to get the pension, after the death of the policyholder, the premium deposited should be given to the nominee. are given.
Joint Life Plan: This pension plan covers the life of both husband and wife, that is, as long as the primary policyholder is alive, he will continue to get a pension, and after the death of the primary pension holder, his spouse will start getting pension for life. If both husband and wife die, the base premium paid is paid to the nominee.
Who can take Saral Pension Yojana?
To take Saral Pension Yojana, your minimum age has been fixed as 40 years and the maximum age is 80 years.
- Entry Age: 40 years from last birthday Maximum 80 years
- Purchase Price: It depends on your annuity amount
- Policy Term: In this, you get a pension for life
When and how much will you get Saral Pension?
When you take saral pension scheme then you are given 4 options of pension in which Monthly, Quarterly, Half-Yearly, Yearly option is available whichever option you choose, your pension starts getting in the same time period.
Minimum Pension: Here you can get at least 1000 every month, 3,000 in three months, 6000 in every 6 months, and 12000 in 12 months, this is the lowest pension, you cannot apply for less than this pension.
Maximum Pension: Pension installment depends on your Annuity Amount. Here the minimum pension limit is fixed but there is no maximum limit. If you want to take more pension then you have to increase your Immediate Annuity Plan Amount.
What are the documents required for Saral Pension Yojana?
To take any policy, you need the following documents.
- Aadhar Card (or any valid ID and Address proof)
- Pan Card
- bank account
- high school mark sheet
- passport size photo
How to apply for Saral Pension Yojana?
This pension policy has started on 1 April 2021, if you are thinking of taking this policy, then go to its official website and go through the policy once. Since the terms and conditions of this policy are kept simple, clear, and uniform, so you can buy this saral pension scheme from any insurance company like LIC, SBI, etc.
You can apply for Saral Pension Yojana in two ways.
Offline Apply: For offline application, you have to go to the office of the insurance company and fill the simple pension application form.
Apply Online: For online application, you have to go to the official website of the insurance company and fill the Simple Pension Application Form.
Benefits of Saral Pension Yojana – Benefits of Saral Pension Yojana
Following are the benefits of Saral Pension Yojana:-
- The terms and conditions of this pension scheme are kept simple, clear, and consistent.
- Saral pension policy offered by all insurance companies will be the same
- It will be easy for people to choose this policy.
- Saral Pension Plan is a Single Premium Immediate Annuity Plan
- In this, the pensioner gets a pension for life.
- Pension starts as soon as the policy is taken.
- This pension plan covers the life of both husband and wife.
- After the death of the policyholder, the base premium (100%) is paid to the nominee.
- Here you are given 4 options of pension (monthly, quarterly, half-yearly, yearly)
- No limit has been fixed for the maximum pension plan yet.
- If you want after 6 months of taking the policy, you can also Surrender the policy.
- You can also apply for a loan through Saral Pension Policy.
Loan facility in Saral Pension Yojana
After taking the simple pension scheme, if you need money for some reason, then there is no need to surrender the policy because you can also take a loan on your policy, after 6 months of taking the policy, you can apply for a loan. can do. In the Joint Life Plan of Saral pension scheme, the primary pension holder can apply for the loan, if the primary pension holder has died, then the second pension holder can apply for the loan.
How to Surrender Saral Pension Policy?
If you are thinking of Surrendering your simple pension policy, then if any of the pension holders or Spouses or children are suffering from the dangerous disease mentioned in the policy documents, then at any time after 6 months of taking the policy. Can surrender the pension policy. On surrendering the policy, only 95% of the purchase value is returned to you, if you have taken any loan on your policy, then the outstanding loan and interest amount are deducted from the Surrender policy.
What did we learn?
Saral Pension Yojana IRDIA is a single premium immediate annuity plan in which any person can get a pension for life by paying a single premium and the best part is that after the death of the pension holder, the entire money (100% purchase value) will be given to the nominee. With this policy, one can secure his future.
Here we have told you that What is Saral Pension Yojana? , Types of Saral Pension Scheme, Who can take Saral Pension Yojana ?, When and how much will be available for Saral Pension?, Benefits of Saral Pension Yojana, Loan facility in Saral Pension Yojana, How to Surrender Saral Pension Policy? If you have any questions regarding this plan, then do comment to us.
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