LIC New Jeevan Shanti Plan : The country’s largest insurance company LIC has not just one but many great plans for people of every age group. Hence LIC’s retirement schemes are very popular, which are introduced keeping in mind financial security after retirement. One of these policies is LIC’s new Jeevan Shanti Yojana, which is a single premium plan and once you invest in it, you can get a pension of Rs 50,000 per annum. Let’s know about this special plan…
Everyone wants to keep some of their earnings aside and invest it so that they do not face any kind of financial problem in the future or after retirement. If you are also saving with this in mind and looking for a plan under this objective, then LIC’s new Jeevan Shanti policy is perfect for you. This policy guarantees you a regular pension after retirement through a one-time investment. That is, after one investment in it, you continue to get pension for the rest of your life after retirement.
The age limit for taking this policy of LIC has been fixed from 30 to 79 years. However, there is no risk cover in this scheme. But still the benefits available in it are making it very popular. The company offers two options to purchase this LIC plan. The first of these is the deferred annuity for single life and the second is the deferred annuity for joint life. That means you can invest in a single scheme if you want.
LIC’s New Jeevan Shanti Yojana is an annual plan and apart from purchasing it, you can get it by fixing your pension limit. Even after retirement, you will continue to get a fixed pension throughout your life. It pays high interest and according to the scheme, if a 55-year-old person deposits Rs 11 lakh while buying this plan and keeps it for five years, then you can get a pension of more than Rs 1,01,880 per annum on this lump sum investment. The amount of pension on six months basis will be Rs 49,911 and on monthly basis will be Rs 8,149.
Interestingly, LIC has increased the annuity rates for the new Jeevan Shanti Yojana. LIC has increased the annuity rates from 5th January 2023. Anyone can invest in this scheme. The special thing is that you can surrender this plan anytime and invest a minimum of Rs 1.5 lakh in it, there is no upper limit for this. If the policyholder dies during this period, the entire amount deposited in his account is paid to the nominee.
