LIC New Jeevan Shanti Plan: If you do not want to face financial difficulties after retirement, then early investment is necessary and in this case, LIC’s New Jeevan Shanti policy, which guarantees lifetime pension, is quite popular.
Everyone saves some amount from his earnings and plans to invest it in a place where his money is safe and also gets a strong return on his investment. In this case, the country’s largest insurance company LIC has not one but many great plans for people of all ages. LIC’s retirement plans are quite popular, which have been introduced keeping in mind financial security after retirement. One of these policies is LIC New Jeevan Shanti Plan, which is a single premium plan and after investing once, you can get a pension of up to Rs 1 lakh every year. Let’s know about this special policy…
Invest once, get pension for life
Everyone wants to save some amount of their income and invest it in such a place, so that they do not have to face any financial problems in the future or after retirement. If you are also saving with this thought in mind and are looking for a plan under this goal, then LIC New Jeevan Shanti Policy is of use to you. This policy guarantees you regular pension after retirement through a single investment. That is, after a single investment made in it, you keep getting pension for life after retirement.
Age limit has been fixed at 30-79 years
The age limit for taking this policy of LIC has been fixed at 30 to 79 years. Although, there is no risk cover in this plan, but still the benefits available in it are making it quite popular. Two options are given by the company to buy this LIC Plan. The first of these is Deferred Annuity for Single Life and the second is Deferred Annuity for Joint Life. That is, if you want, you can invest in a single plan, or if you want, you can choose the combined option.
How to get a lifetime pension of Rs 1 lakh
LIC New Jeevan Shanti Scheme is an annuity plan and with its purchase, you can fix your pension limit in it. You will continue to get the fixed pension for life after retirement. It gives great interest and according to the plan, if a 55-year-old person deposits Rs 11 lakh while buying this plan and holds it for five years, then on this lump sum investment, you can get a pension of more than Rs 1,01,880 annually. The amount of pension received on the basis of six months will be Rs 49,911 and the pension on a monthly basis will be Rs 8,149.
Facility to surrender the policy at any time
It is worth noting that the annuity rates for the New Jeevan Shanti Plan have also been increased by LIC in the recent past. Anyone can invest in this scheme. The special thing is that you can surrender this plan at any time and can make a minimum investment of Rs 1.5 lakh in it, while there is no maximum limit for it. If the policyholder dies during this period, the entire deposit amount in his account is given to the nominee.
Most Read Articles:
- Cash transactions will change from June 1, Know the new rules for ATM use and maintaining minimum balance
- New Vande Bharat Express will run between these two cities, 14 hour journey will be completed in 9 hours, check fare, route & other details
- Credit Card Link UPI: Link your credit card to UPI from home, know step-by-step guide
