Calculators LIC plans Saral Pension Review
LIC Saral Pension review
LIC Saral Pension (Plan 862) is the IRDAI-mandated standardised immediate annuity plan — identical features at every insurer, with LIC's rates currently mid-pack. Pay a lump sum once; receive guaranteed income for life. Two options: single life (higher payout) or joint life (lower payout, income continues to spouse after death). Both options return 100% of the purchase price to the nominee on death. The headline catch: every rupee of annuity income is fully taxable as 'income from other sources' at your slab rate — something most brochures don't volunteer. At the 30% slab, an ₹8,000/month gross pension becomes ₹5,600/month net.
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