If you want to maintain your income after retirement and get pension for life, then a special scheme of LIC can be a better option for you. In this scheme, you can get a pension of Rs 1 lakh for life time and for this you have to invest only once.
To end the worry of money after retirement, a special scheme of LIC can be very useful for you, the name of this scheme is LIC Jeevan Shanti Plan. The biggest feature of this scheme is that you have to invest money only once and after that you will keep getting pension for the whole life. That means your income will remain after retirement and you will be financially strong.
To end the worry of money after retirement, a special scheme of LIC can be very useful for you, the name of this scheme is LIC Jeevan Shanti Plan. The biggest feature of this scheme is that you have to invest money only once and after that you will keep getting pension for the whole life. That means your income will remain after retirement and you will be financially strong.
Invest once and get benefits for life
If you invest money in this scheme, you can start taking your pension after 5 years. For example, suppose you are 55 years old and invest Rs 11 lakh, then after 5 years i.e. from the age of 60, you will start getting a pension of about Rs 1 lakh every year. You can take this pension as per your convenience on a monthly, three-month, six-month or even annually.
Two types of pension facility
There are two options in this plan. The first is single life plan, in which pension is given to only one person and the second is joint life plan, in which pension is given to both husband and wife. If one of the people in the joint life plan dies, then the remaining money is given to their nominee. In this way your family also remains financially secure.
Facility to surrender loan and policy
Another big feature of this scheme is that you can take a loan against the policy after 3 months of starting the policy. But the loan amount cannot be more than 50% of your annual pension. If you feel that your needs have changed or the policy is not right for you, then you can surrender it at any time.
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