LIC New Jeevan Shanti Plan: Anyone can invest in New Jeevan Shanti Plan from LIC. The special thing is that you can surrender this plan anytime and there is no maximum limit for investing in it.
LIC, the country’s largest insurance company, has not just one but many great plans for people of every age. LIC’s retirement plans are very popular, which have been introduced keeping in mind financial security after retirement. One of these policies is LIC New Jeevan Shanti Plan, which is a single premium plan and once you invest, you can get a pension of Rs 50,000 every year. Let us know about this special policy…
Invest once, get pension for life
Everyone wants that he should save some of his earnings and invest in such a place, so that he does not have to face any kind of financial problem in the coming time or after retirement. If you are also saving by thinking of this and are looking for a plan under this goal, then LIC New Jeevan Shanti Policy is of your use. This policy guarantees you regular pension after retirement through one time investment. That is, after a single investment made in it, you continue to get pension for life after retirement.
The age limit has been fixed at 30-79 years
The age limit for taking this policy of LIC has been fixed at 30 to 79 years. However, there is no risk cover in this plan. But still the benefits found in it are making it very popular. To buy this LIC Plan, two options are given by the company. The first of these is Deferred Annuity for Single Life and the second is Deferred Annuity for Joint Life. That means, if you want, you can invest in a single plan, or you can choose the combined option.
Calculation of getting pension of Rs 1 lakh
LIC’s New Jeevan Shanti Scheme is an annuity plan and along with purchasing it, you can get your pension limit fixed in it. You will continue to get the fixed pension for the rest of your life after retirement. It gives excellent interest and depending on the plan, if a 55 year old person deposits Rs 11 lakh while purchasing this plan and holds it for five years, then on this lump sum investment you will earn Rs 1,01,880 annually. You can get a pension of more than Rs. The amount of pension received on the basis of six months will be Rs 49,911 and the pension on monthly basis will be Rs 8,149.
You can surrender the policy anytime
It is noteworthy that LIC has increased the annuity rates for New Jeevan Shanti Plan. LIC has increased the annuity rates from January 5, 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, whereas there is no maximum limit for this. If the policyholder dies during this period, the entire amount deposited in his account is given to the nominee.
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