LIC’s Jeevan Shanti Insurance Policy can help in making your future financially secure. This is a single premium deposit pension plan, in which you will start receiving money after the first installment is paid.
new Delhi. You may like a particular policy of Life Insurance Corporation of India (LIC). The name of this policy of LIC is ‘Jeevan Shanti’. The most important thing about this policy is that it provides financial security to the future through pension. If with the help of example, understand the specialty of this policy, then suppose that someone who is 50 years old puts Rs 10.18 lakh in this policy, then they will immediately get an annual pension of Rs 65,600. However, there are some conditions with it.
According to the information given by LIC, this policy is a non-linked plan. Also, it is a single premium annuity plan in which the insurance holder has the option of choosing an immediate annuity or a deferred annuity.
How can you buy this policy?
This plan can be purchased offline as well as online. Jeevan Shanti of LIC is a comprehensive annuity plan in which the person and his family will also get benefits.
Also Read: Lic’s policy will earn a lifetime by giving a one-time installment, such as take advantage
Are there other features of this policy?
LIC ‘Jeevan Shanti’ is a wonderful product. This is a single premium deposit pension plan. Its merits are like this …
>> Loan facility
>> Surrender (without) any time after 3 months without any medical document
>> Start pension immediately or anytime between 1 to 20 years
>> Joint life option in any Can include close relative.
>> Instant pension almost equal to life Akshay VI.
>> Lifetime guarantee from 9.18 percent to 19.23 percent between 5 years and 20 years.
>> Income tax exemption.
?
If a 50-year-old man invests Rs 10,18,000 in a policy, then he will get 65600 annual pension immediately. But under Deferred option he will get the following amount: –
1 year later- 69300 annual
5 years later- 91800 annual
10 years later- 128300 annual
15 years later- 169500 annual
After 20 years – 192300 annual
important thing is that the above rates are guaranteed for life.
People of this age can take advantage
>> LIC can take this scheme of minimum 30 years and maximum 85 years. In Jeevan Shanti Plan, loan can be done after 1 year of pension and it can be surrendered, 3 months after the commencement of pension.
>> The annual rates will be guaranteed while taking the policy for both immediate and deferred annuity options. Various annuity options and modes of annuity payment are available under the scheme. Once selected the option cannot be changed.
>> This plan can be purchased offline as well as online. This plan is similar to LIC’s old plan Jeevan Akshay.
