A person can easily meet his post-retirement expenses with New Jeevan Shanti Policy.
Life Insurance Corporation of India (LIC) has started New Jeevan Shanti Policy. Its specialty is the pension available in it. A person can get avail monthly pension for life by investing in this policy. A person can easily meet his post-retirement expenses with New Jeevan Shanti Policy. This is a single premium plan, wherein the policyholder has an option to choose between single life and joint life deferred annuity.
In the option of Immediate Annuity, a pension facility is available immediately after taking the policy. At the same time, in the option of a deferred annuity, a pension facility is available after 5, 10, 15 or 20 years of taking the policy. If you want, you can start your pension immediately and if you want, you can start it later also. Let’s say you are 40 years old now, you will invest Rs 5 lakh in a lumpsum scheme, then you will have the option to start pension immediately or after 5, 10, 15 or 20 years.
The amount of pension under this scheme is not fixed. It depends on your investment, age and deferment period. There are two things to note here. The longer the deferment period, which is the period between investment and the commencement of pension, or the higher the age, the more you will get the pension.
The minimum purchase price is Rs 150,000. However, there are exceptional cases where minimum annuity and minimum purchase price of Rs 150,000 shall not be applicable. There is no limit for the maximum purchase price. The minimum age to start the policy is 30 years and a maximum up to 85 years. A loan in the Jeevan Shanti plan can be done after 1 year of commencement of pension and it can be surrendered after 3 months of commencement of the pension.
The modes of annuity available are yearly, half-yearly, quarterly and monthly. The Annuity shall be payable in arrears i.e. the annuity payment shall be after 1 year, 6 months, 3 months and 1 month from the date of vesting of Annuity depending on whether the mode of annuity payment is yearly, half yearly, quarterly and monthly, respectively.
Guaranteed annuity rates will be given 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 plan. The option once selected cannot be changed. This plan can be purchased offline as well as online. This plan is similar to LIC’s old plan Jeevan Akshay.
Under different pension plans at intervals of 5 to 20 years, Jeevan Shanti Plan has the option of pension on your deposit at the rate of 8.79 to 21.6 per cent per annum.
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Please do let me know the difference between this this policy and PMVVY.
If your executive can please spk on this.
Thanks
The scheme looks OK. Can I get a table/calculator to calculate the annuity on my proposed investment
Dear Sir,
Please share your mail id so that the required documents can be sent to you.
BR//
Kundan Kumar Jha
Please show the payment schedule and amount for a one time deposit of say 10 lakhs to take a decision for person aged 75 years and what after death of the person?
Thanks,
Dear Sir,
Please share your mail id so that the required documents can be sent to you.
BR//
Kundan Kumar Jha
Dear Sie
My age is 65 ad want to deposit or buy this policy for 10 years so how much i get every 3 month please update me at sushilkk99@gmail.com
Dear Sie
My age is 65 and want to deposit or buy this policy for 10 years so how much i get every 3 month please update me at sushilkk99@gmail.com
I am interested. can any of your executives come and explain more about this a and clear more of doubts
Dear Sir,
Please share your mail id so that the required documents can be sent to you.
BR//
Kundan Kumar Jha
I am 60 years old person. Can I take a policy by paying lumsum premium of Rs. 10,00,000.00 and expecting annuity from next month itself. How much annuity I will get? What is the procedure for getting the policy? Whether medical exam is required? When will I get Rs. 10,00,000.00 back?
please contact me at 9829240033
(1) I WILL COMPLETE 81 TEARS BY THE END OF FEBRUARY 2021….NOW THAT THE MAXIMUM AGE AT ENTRY IS 85 YEARS, I AM INCLINED TO CONSIDER THE ‘JEEVAN SHANTHI’ POLICY.
(2) MY WIFE IS COMPLETING 74 TEARS, BY THE END OF THIS OCTOBER 2021…..
CAN I GET A QUOTATION FOR BOTH OF US , SAY FOR 1 AND 2 LAKHS SUM ASSURED/ EACH, @
I am sixty two years old & want to deposit 10 lakhs,how much I will get quarterly interest,my nominee can get the principal after my death or after expiry.
Email address:ravinderchhabra57@gmail.com Mob:9887026124
I would like to deposit 10 L please send me the details of interest I can get quarterly. I am a senior citizen. You can mail me n rameswami@gmail.com Tks
Can an agent contact me on 9632284551?
I am 50 years old & want to deposit 15 lakhs, I wish my pension to start once I turn 60 Years means after 10 Years from now. I need to know the followings :
1. How much pension I/my Wife will get Monthly?
2. Is medical Examination required?
3. Will my wife/nominee get any Amount after my death?
4. Till what Age I/My Wife will get pension?
Kindly reply soon.
I am 8 years old. I want to invest Rs. 10,00,000/- under the policy “New Jeevan Shanti Policy”.
If I invest today, from which date I would start getting payment of pension. what will be the monthly and quarterly amount of pension. Please let me know.
Dear Sir,
Please send Jeevan Shanti Policy Details wajed.417@gmail.com.
br/wajid
I wish to invest in the policy. I am now 55 years old. Investment amount is Rs.5 Lacs.
Wish to take pension after 5/10 years.
Let me know the amount.
Please call me 9999771382
Dear Sir,
Please share your mail id so that the required documents can be sent to you.
BR//
Kundan Kumar Jha
I am Narendra Jamnadas Dalal and am 70 years plus. I want to have policies in the name of my two daughters, one of them is living in Melbourne Australia. The life benefit will be theirs. I wan to make a one time payment of 20 lakhs each so that after 10 or 15 years they get a fixed yearly return and after their death, the nominee gets the lumpsum money. Please inform if such a policy can be insured. Please write me at nkjdalal@gmail.com.
APARNA KANOPY TULIPLS. SHARE THE DETAILS OF JEEVAN SHANTI POLICY ALONG WITH CALCULATIONS/ TABLE. CAN WE PAY LUMPSUM AND ALSO PAY QUATERLY ADDITIONAL AMOUNT. I WANT TO DELAY ANNUITY BY 5 YRS. FROM NOW.
PLS. ADVISE
SHARE THE DETAILS OF JEEVAN SHANTI POLICY ALONG WITH CALCULATIONS/ TABLE. CAN WE PAY LUMPSUM AND ALSO PAY QUATERLY ADDITIONAL AMOUNT. I WANT TO DELAY ANNUITY BY 5 YRS. FROM NOW.
PLS. ADVISE
I want to know full details of New jeevan shanthi 858, any one contact me at 9865255313.
Intrested please share more details…