LIC’s Jeevan Shanti Scheme is a safe way to invest. In this, you can choose the pension option according to you. The benefit of death claim is also available under this scheme.
‘LICs Jeevan Shanti Scheme is a beneficial scheme to meet your post retirement needs. There are two pension options available in this. In which the first is Immediate Annuity and the second is Deferred Annuity. In this scheme, a fixed amount is given every month to make the future secure and to meet the shortfall of money after retirement.
LIC’s Jeevan Shanti scheme is a non-linked plan. In this, you can get pension every month by depositing a lump sum amount i.e. investing only once. You can take the pension facility under the scheme immediately or later. Those who want to take pension later, in this also they get the option after 5, 10, 15 or 20 years.
Benefits of the scheme
1. Death benefit is available in this scheme of LIC. Due to which on the death of the investor, his family and nominee are given pension along with other benefits.
2. In this plan you will get 2 options, first Immediate Annuity and second Deferred Annuity.
In Immediate Annuity, the investor gets the payment immediately. Whereas in Deferred Annuity, you can invest in the plan by paying a single premium, then you can get the payout after a certain number of years.
3. It is necessary to invest at least 1.5 lakh rupees. There is no maximum limit to invest in it.
How is profit deal
In this policy of LIC, if a person invests Rs 5 lakh in lump sum in 30 or 35 years and wants to get pension after 20 years, then pension will be given at the rate of 21.6 percent annual interest. So every year Rs 1.05 lakh will be available. If you want to take this amount monthly, then it will become about 9 thousand rupees. The good thing is that you will continue to get this pension amount for life.
