New Jeevan Shanti Policy: LIC’s great policy, deposit money only once; get lifetime pension

LIC New Jeevan Shanti Policy: Life Insurance Corporation of India (LIC), the country’s largest insurance company, has launched a new Jeevan Shanti Policy. By investing in it, a person can get monthly pension for life.

New Delhi: LIC New Jeevan Shanti Policy: LIC has launched a new and luxurious Jeevan Shanti Policy. The biggest feature of this policy is the pension available in it. By investing in this policy, one can get monthly pension for life with guarantee. In such a situation, a person can easily meet the expenses after his retirement (LIC Life Insurance). You have two options in Jeevan Shanti policy. The first is Immediate Annuity and the second is Deferred Annuity. This is a single premium plan.

This is the scheme (LIC Jeevan Shanti Scheme)

Under the first i.e. Immediate Annuity, pension facility is available immediately after taking the policy. This plan is similar to LIC’s old plan Jeevan Akshay. On the other hand, in the option of deferred annuity, pension facility is available after 5, 10, 15 or 20 years of taking the policy. If you want, you can start your pension immediately or you can start it later also.

How Much Pension Will Be Received

The amount of pension under this scheme is not fixed. You will get your pension according to your investment, age and deferment period. The longer the period between investment and the commencement of pension or the higher the age, the more you will get pension. LIC gives pension according to the percentage being made on your investment.

This plan of LIC can be taken by individuals of minimum 30 years and maximum up to 85 years. Apart from this, loan in Jeevan Shanti plan can be done after 1 year of commencement of pension and it can be surrendered after 3 months of commencement of pension. The annual rates will be guaranteed while taking the policy for both the options. Various annuity options and modes of annuity payment are available under the plan. But before taking this policy keep in mind that the option once selected cannot be changed. This plan can be purchased offline as well as online.

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Article first Appeared on Informalnewz

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