LIC Saral Pension
A standard immediate annuity plan with features prescribed by IRDAI.
Overview
Saral Pension is a standardised immediate annuity product whose structure follows IRDAI guidelines, offered by LIC of India. Annuity options and rates are per the official brochure.
Key features
- Retirement income focused product
- Standardised features where prescribed by the regulator
- Annuity rates as declared by the insurer
Eligibility
- Entry age, maturity age, minimum and maximum sum assured and policy term limits are prescribed by LIC in the official brochure
- Eligibility is subject to underwriting and the insurer's current rules
- Speak to the advisor for a personalised eligibility check
Benefits
- Death benefit as defined in the official policy conditions
- Maturity or survival benefit where applicable to this plan type
- Tax treatment depends on prevailing law and individual circumstances — confirm independently
Policy term & premium payment
- Policy term
- Lifetime annuity as per the option chosen
- Premium frequency
- Single premium
Who may consider this plan
People who want a simple, standardised immediate annuity.
Important notes
Standard product features are prescribed by the regulator; insurer-specific annuity rates apply.
This page describes the plan type as published by LIC of India and does not reproduce or estimate premium rates, bonus rates, returns or guarantees. Refer to the official LIC brochure and policy document before purchase. Official source: LIC of India. Verification against the official brochure is carried out by the advisor at the time of enquiry.