LIC Saral Pension (Plan 862)

Immediate Lifetime Pension • Plan No. 862 | UIN: 512N342V03

Standard immediate annuity plan with 100% return of purchase price to nominee upon death of annuitant.

Key Features & Benefits

• Immediate pension payout starting next month
• Option 1: Life Annuity with 100% Return of Purchase Price (ROP)
• Option 2: Joint Life Last Survivor Annuity with 100% ROP on death of last survivor
• Loan facility available after 6 months
• Simple, IRDAI standardized policy terms

Limitations & Waiting Periods

• Annuity received is subject to income tax.
• No deferment option (for deferred annuity choose New Jeevan Shanti).