LIC New Jeevan Shanti Policy: Many schemes are going on to relieve people from the worry of old age expenses. One of these schemes is the Jeevan Shanti Plan policy of the country’s largest insurance company Life Insurance Corporation (LIC). In this scheme, the investor i.e. the policyholder gets pension for life. If the policyholder dies due to any reason and the money deposited in his account goes to the nominee.
Retirement plans in Life Insurance Corporation of India (LIC) are very popular, which help in removing the worry of pension in old age. LIC Jeevan Shanti plan helps protect you from financial crunch after retirement. The best thing about this scheme is that in this the investor needs to invest only once.
Features of New Jeevan Shanti Plan
This plan of LIC (LIC New Jeevan Shanti Policy) guarantees the investor a lifetime pension after retirement. In this, investors invest in one go keeping in mind the financial needs in old age. After which they get a fixed amount of pension every month after a fixed time.
The minimum investment amount in this scheme is Rs 1.5 lakh. The age limit in this scheme is 30 to 79 years. Investment options are available in this scheme. One is Deferred Annuity for Single Life, and the other is Deferred Annuity for Joint Life.
LIC New Jeevan Shanti Policy: Many schemes are going on to relieve people from the worry of old age expenses. One of these schemes is the Jeevan Shanti Plan policy of the country’s largest insurance company Life Insurance Corporation (LIC). In this scheme, the investor i.e. the policyholder gets pension for life. If the policyholder dies due to any reason and the money deposited in his account goes to the nominee.
Retirement plans in Life Insurance Corporation of India (LIC) are very popular, which help in removing the worry of pension in old age. LIC Jeevan Shanti plan helps protect you from financial crunch after retirement. The best thing about this scheme is that in this the investor needs to invest only once.
Features of New Jeevan Shanti Plan
This plan of LIC (LIC New Jeevan Shanti Policy) guarantees the investor a lifetime pension after retirement. In this, investors invest in one go keeping in mind the financial needs in old age. After which they get a fixed amount of pension every month after a fixed time.
The minimum investment amount in this scheme is Rs 1.5 lakh. The age limit in this scheme is 30 to 79 years. Investment options are available in this scheme. One is Deferred Annuity for Single Life, and the other is Deferred Annuity for Joint Life.
This is how annuity plan works
Like Deferred Annuity for Single Life Plan, the policy holder receives pension for life, but in case of death due to any reason and the money deposited in his account is handed over to the nominee mentioned in the documents.
On the other hand, if a person has a plan for Deferred Annuity for Joint Life, then after his death, the other person gets the facility of pension. If both the persons die, then the nominee gets the entire money.
Pension option and surrender facility
Another feature of this pension plan of LIC (LIC New Jeevan Shanti Policy) is that you can surrender after buying it. Along with this, you also have the option of pension interval. In this, you can opt for monthly, three, six months, or annual pension.
You will get this much money on investment in pension
Under this single premium plan of LIC, if you make a minimum investment of Rs 1.5 lakh, your pension becomes fixed at Rs 1,000. Whereas if you invest Rs 10 lakh in Deferred Annuity for Single Life Plan with a lock-in period of five years, then your monthly pension is fixed at Rs 11,192.
