LIC New Jeevan Shanti Policy: For this policy of LIC which guarantees lifetime pension, the company has fixed the age limit from 30 years to 79 years.
LIC New Jeevan Shanti Policy: Everyone saves some amount from their earnings and plans to invest it in such a place, so that they do not have to face financial difficulties after retirement in the future and they keep getting regular income. To get rid of this problem, many plans are being offered by the country’s largest insurance company LIC, which guarantees pension for life. One popular scheme among these is LIC New Jeevan Shanti Policy, the special thing about which is that money has to be invested only once and pension is assured for life.
Lifetime pension guarantee plan
Life Insurance Corporation of India i.e. LIC has not one but many great plans for people of every age. LIC’s retirement plans are quite popular, which have been specially introduced to maintain financial health after retirement. Talking about LIC New Jeevan Shanti Plan, let us tell you that this is a single premium plan and once you invest, it guarantees you regular pension after retirement. You can get a pension of Rs 1,00,000 every year, that too for life.
Age limit is 30 to 79 years
For this pension policy of LIC, the company has fixed the age limit from 30 years to 79 years. In this scheme, along with guaranteed pension, many other benefits are also available. There are two options to buy this plan, the first of which is Deferred Annuity for Single Life and the second is Deferred Annuity for Joint Life. That is, if you want, you can invest in a single plan, or if you want, you can choose the combined option.
This is how you will get a pension of Rs 1 lakh every year
Now let us tell you how you can ensure an annual pension of Rs 1,00,000 after investing once in this New Jeevan Shanti scheme of LIC. So, as told, this is an annuity plan and you can fix your pension limit in it as soon as you buy it. You will continue to get the fixed pension for life after retirement. It also gives a great interest on investment.
Talking about pension, if a 55-year-old person invests Rs 11 lakh while buying LIC New Jeevan Shanti plan, then it will be held for five years and after 60 years, you will start getting a pension of Rs 1,02,850 every year. If you want, you can take it in six months or even every month.
On the basis of calculation, on a single investment of Rs 11 lakh, you get an annual pension of more than Rs 1 lakh, while if you want to take it every six months, then it will be Rs 50,365. If we calculate the monthly pension, then on this much investment, a pension of Rs 8,217 will be assured every month.
Along with pension, these benefits are also there
It is worth noting that along with guaranteed pension, other benefits available in LIC’s New Jeevan Shanti Plan also include death cover. If the policyholder dies during this period, the entire deposit amount in his account is given to the nominee. The amount received by the nominee on an investment of 11 lakhs will be Rs 12,10,000. The special thing is that you can surrender this plan anytime and can make a minimum investment of Rs 1.5 lakh in it, while there is no maximum limit for this.
