LIC Policy Scheme Update: The name of this policy of LIC is Jeevan Shanti Scheme, in which you can get up to Rs 50,000 every month. In this, you can take pension on monthly, quarterly, half-yearly and yearly basis.
LIC Pension Plan: LIC has brought such a facility for its customers (LIC Custoer), in which you will get the benefit of pension every month. The name of this policy of LIC is Jeevan Shanti Scheme, in which you can get up to Rs 50,000 every month. In this, you can take pension on monthly, quarterly, half-yearly and yearly basis. A minimum investment of Rs 1.5 lakh is required in this policy. If you invest in this scheme, you can retire with a good pension.
Will get huge benefit on retirement
Now policy holders will get more pension in lieu of premium. Those people who want early retirement also get the benefit of this scheme. Pension can be started immediately or anytime within 1 to 20 years.
How much premium will have to be paid
Any person between the age of 30 to 79 years can buy this policy. There is no maximum investment amount in this scheme. You are free to pay as much as you want. According to the LIC calculator, if you want a handsome monthly pension, then you will have to pay a hefty amount.
How to get pension every month
According to the policy, on purchasing a policy of Rs 10 lakh in deferred annuity for single life, you will get Rs 11,192 as pension every month. If you invest Rs 1.5 lakh, then you will continue to get a pension of Rs 1000 every month. Same, if you want a monthly pension of Rs 1 lakh, then you will have to invest Rs 1 crore for 12 years. After 12 years on maturity of the policy, you will get a pension of Rs 1.06 lakh per month. If you want to invest only for 10 years, then after maturity you will get a monthly pension of Rs 94,840 per month as pension.
You can get Rs 50,000 every month
If you want a monthly pension of only Rs 50,000, then you need to invest only Rs 50 lakh. If you invest 50,000 every month for 12 years, then after maturity you will get a monthly salary of Rs 53,460 per month.
