LIC’s Saral Pension Plan No. 862
The minimum age for purchase of LIC Saral Pension Plan is 40 years and the maximum age is 80 years. This plan is available for a single annuitant or for joint annuitant in the case of spouse. The annuitant will receive a regular income from LIC as long as he is alive. In case of death of the annuitant, the purchase price is returned to the nominee.