PANAJI
LIC of India has launched LIC’s Saral Pension (annuity plan) offering two options. The first option is a life annuity with 100 per cent return of the purchase price of the policy. This pension is for single life. This pension will be linked to any one person. The pension will be available till the person is alive. The second option is joint life last survivor annuity. The pension under this policy will be linked to both husband and wife. Whosoever is alive for a longer period (either wife or husband) gets the pension. The scheme, the pension which the person gets while he/she is alive will be given to the spouse after the person is dead. The policy can be purchased offline or online from logging in to www.licindia.in website. The minimum annuity is Rs 12,000. It is available for the age group between 40-80.
