You can get a lump sum investment in LIC Jeevan Shanti policy for 4 lakh rupees pension every month

Keeping these concerns in mind, LIC has designed a ‘Jeevan Shanti’ policy. By investing in it, the customers can enjoy the benefits of pension immediately, while they can also enjoy the happiness of the pension later. This is the biggest feature of this policy.

You can get a regular amount (pension) at fixed intervals of lifetime by paying a single premium. While investing, customers have two options to choose the pension. The first one is the intermediate and the second is the deferred annuity. Immediate means pension immediately after investment, while deferred annuity means payment of pension after some time (5, 10, 15, 20 years).

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Talk about the terms of this policy, if the minimum sum assured is Rs 1.5 lakh, then there is no limit to the maximum. The loan can be done 1 year after the commencement of pension and 3 months after the surrender, pension is started. Individuals up to minimum 30 years and maximum 85 years can invest.

In this policy, you can get a pension of up to 4 lakh rupees every month. You can get a pension every month immediately after depositing a lump sum. If you take a lump sum sum of Rs 8 crore in this policy and opt for the intermediate option, then you will get a pension of Rs 404000 every month.

Age: 36
Sum Assured: 80000000
Lump Sum Premium: 81440000

Pension:
Annual: 5008000
Half Yearly: 2460000
Quarterly: 1221000
Monthly: 404000

Suppose if a person of 36 years chooses option ‘A’ i.e. Immediate Annuity for life (pension per month). With this, he chooses the sum assured option of Rs 80000000. So he will have to pay a lump sum premium of Rs 81440000. After this investment, he will get a pension of Rs 404000 per month. This pension will be received as long as the policyholder remains alive.