LIC: Invest once in this policy, you will get life-life pension guarantee
The country’s largest insurance company Life Insurance Corporation of India (LIC) has launched the new Jeevan Shanti Yojana. By investing in this policy, a person can get monthly pension for life.
New Delhi: LIC periodically brings special schemes for its customers, so that customers do not worry about their future. The good thing is that LIC has different policies which are designed keeping different needs in mind. From poor to rich are associated with LIC. Today we will tell you about one such policy in which LIC will continue to earn you after retirement. The company has brought new Jeevan Shanti Deferred Annuity to the customers this time.
In Jeevan Shanti policy, customers will get two options. The specialty of this policy is the pension received in it. By investing in this policy, a person can arrange monthly pension throughout his life. With this, a person can easily meet his post-retirement expenses. This is a single premium plan. In Jeevan Shanti policy customers can choose two options. The first is an intermediate annuity and the second is the deferred annuity. LIC can buy this policy both offline and online.
This is the scheme
In the option of intermediate annuity, the facility of pension is available immediately after taking the policy. At the same time, in the option of deferred annuity, the pension facility is available after 5,10,15 or 20 years after taking the policy. If you want, you can start your pension immediately and if you want, you can also start it later. As if you are 40 years old, you will invest 10 lakhs in one lump sum in a scheme, then you will have the option to start pension immediately or after 5, 10, 15 or 20 years.
How much pension will be received
An annual pension of Rs 91800 will not be fixed under this scheme. It depends on your investment, age and the difference period. There are two things to consider here. The longer the differential period (the period between investment and pension start) or the higher the age, the more pension you get. LIC pays a pension for this as a percentage of your investment. For example, if you start a pension after 5 years on an investment of 10 lakhs, then you get a pension of Rs 9,1800 annually, according to the return of 9.18%.
Who can take advantage of Jeevan Shanti Yojana
This scheme of LIC can be taken for a minimum of 30 years and a maximum of 85 years. In Jeevan Shanti Plan, loan can be done 1 year after the commencement of pension and it can be surrendered, 3 months after the commencement of pension.
The annual rates will be guaranteed at the time of 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.
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