{Apply Online} IRDAI Saral Pension Yojana 2021 Features,Eligibility,Benefits

IRDAI Saral Pension Yojana

IRDAI Saral Pension Yojana.As you all know, there are various insurance companies in our country which offer different types of pension schemes to the citizens of the country. All different companies have different terms and conditions. Which is difficult for an ordinary citizen to understand. With this in mind, the Insurance Regulatory and Development Authority of India has instructed all insurance companies to start a Saral Pension Yojana. This scheme has to be started by all insurance companies from April 1, 2021. Under this scheme, all insurance companies have to simple and clear terms and conditions. All these terms and conditions will be the same for all companies. Which means that if the customer takes advantage of this scheme from any company, he will get the same terms and conditions.




{Apply Online} IRDAI Saral Pension Yojana 2021 Features,Eligibility,Benefits

 

Saral Pension Yojana plan annuity

An annuity means the amount that the insurance company pays to the customer annually in return for the investment. Under Saral Pension Yojana 2021, the facility of giving annuity to the customer on investment is available. The term of annuity can be chosen by the customer on monthly, quarterly, half yearly or yearly basis. The customer has to pay a purchase price to avail this scheme. 100% of this purchase price will be refunded after the death of the customer. The annuity will be paid to the customer for life. The amount of annuity will be paid to his spouse after the death of the customer. 100% of the purchase price will be refunded to the legal heir of the customer after the death of the spouse. Maturity benefits will not be provided under this scheme.

Saral Pension Yojana Loan Facility and Surrender

Borrowing facility is also available under this scheme. This loan can be taken 6 months after the purchase of the policy. If the customer dies then after the death of the customer the spouse of the customer can also get a loan on the policy. The customer has to pay interest on the loan. In addition, if the spouse or children of the customer get some kind of serious illness, then in this case, under the simple pension scheme, the facility of surrendering the policy is also available 6 months after the purchase of the policy. Upon surrender of the policy, 95% of the purchase price will be refunded. If any type of loan is taken on the policy then the loan amount will also be deducted from the purchase price.




Purpose of IRDAI Saral Pension Yojana 2021

The main objective of Saral Pension Yojana is to remove the difficulty faced by all the citizens of India in understanding the pension scheme. Saral Pension Yojana will be launched by all insurance companies through this scheme. Which will have simple terms and conditions and the terms and conditions of all the companies will be the same. This will make it easier for ordinary citizens to understand the terms and conditions and they will not have to face difficulties in choosing a policy. This scheme will be launched all over India from 1st April 2021. Now the customer will get the same terms and conditions of all insurance companies through this scheme.

IRDAI Saral Pension Yojana 2021 Benefits and features

Saral Pension Yojana 2021 has been launched by the Insurance Regulatory and Development Authority of India.
The scheme will be launched by all insurance companies from April 1, 2021.
Under this scheme all insurance companies have to have simple and clear terms and conditions which will be the same.
Customers will now get the same conditions when availing this scheme from any company.
Under this scheme, customers will be provided annuity on investment.
The term of annuity can be chosen by the customer on monthly, quarterly, half yearly or yearly basis.
The customer has to pay a purchase price to avail this scheme.
100% of this purchase price will be refunded after the death of the customer.
The annuity will be paid to the customer for life.
An annuity will be paid to the spouse after the death of the customer.
100% of the purchase price will be refunded to the legal heirs of the customer after the death of the spouse.
Maturity benefits will not be provided under this scheme.
Loan facility is also available under simple pension scheme.
This loan can be taken 6 months after the purchase of the policy.
If the customer dies, then the customer’s spouse can also get a loan after the customer’s death.
The customer has to pay interest on the loan.
If the customer’s spouse or child suffers from any kind of serious illness, then the policy can be surrendered 6 months after the purchase of the policy.
Upon surrender of the policy, 5% of the purchase price will be refunded.




IRDAI Saral Pension Yojana 2021 Eligibility 

  • The applicant must be a permanent resident of India.
  • The minimum age of the customer should be 40 years.
  • The maximum age of the customer should be 80 years.

Important documents to apply in Saral Pension Yojana 2021

  • Aadhaar card
  • Bank account details
  • Ration card
  • Residence certificate
  • Income certificate
  • Passport size photograph
  • Mobile number

The process of applying online under the IRDAI Saral Pension Yojana

  • If you want to apply online under Saral Pension Yojana, you have to follow the procedure below.

Step 1-First of all you have to visit the official website of the insurance company or bank. irdai.gov.in.
Step 2-Now the home page will open in front of you.
Step 3-On the home page you have to click on the option of simple pension plan.
Step 4-After that you have to click on the link of Apply Now.
Step 5-Now the application form will open in front of you.
Step 6-You have to enter all the important information asked in the application form like your name, age, mobile number etc.
Step 7-After that you have to attach all the important documents.
Step 8-Now you have to click on the submit option.

This way you will be able to apply online under Saral Pension Yojana.




The process of applying offline IRDAI Saral Pension Yojana 2021

If you want to apply offline under the simple pension scheme, you have to follow the following procedure.
Step 1-First you have to go to the nearest insurance company or bank office.
Step 2-Now you have to get the application form of simple pension scheme from there.
Step 3-After receiving the application form, you have to carefully enter all the important information asked in the application form.
Step 4-After this you have to attach all the important documents from the application form.
Step 5-Now you have to submit this application form in the office of the insurance company.
This way you will be able to apply offline under the simple pension scheme




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