Pension Plan: Life Insurance Corporation of India (LIC India) has been coming up with one or the other policy for every category from time to time. There are some policies in which individuals secure their future by investing. One of these policies is the New Jeevan Shanti Plan Policy. If you are also worried about your old age, then you can take this policy.
This LIC is a great pension plan policy. Through this policy, you can secure your old age on the financial front. In this policy, you have been getting lifelong pension after a time limit. This is an annuity scheme. Its plan number is 858, in which the investor gets pension every month.
If for some reason you just have to take premature retirement from the job, then this policy can prove to be very beneficial at that time. Generally, after retirement, the source of income of people ends and the burden of daily expenses increases. In such a situation, if people have the facility of pension, then their life becomes happy.
Big things about New Jeevan Shanti Plan Policy (LIC New Jeevan Shanti Plan)
- People get two types of options in the New Jeevan Shanti Plan policy. The first option in this is ‘Deferred Annuity for Single Life’. Under this, only one person gets the benefit of pension. While the second option is ‘Ford Annuity for Joint Life’. In this way 2 people can buy a pension plan.
- Any person from 30 years to 79 years can invest in this plan. The special thing about this policy is that you can surrender it later. In this scheme, the investor has to invest at least one and a half lakh rupees. While there is no maximum investment limit in this.
- If a person invests in a single policy, then after his death the money goes to his nominee. Whereas in the joint account, the nominee gets the money when both the investors pass away. Whereas, the benefit of pension continues when the policy holder is alive.
- Investors can get pension every month in this New Jeevan Shanti Plan of LIC. Along with this, the investor also gets the pension option on the basis of three months or annually.
- In this scheme, on an investment of Rs 10 lakh, more than Rs 11000 is available as a monthly pension.
