LIC New Jeevan Shanti Policy: In this plan, the policyholder continues to get pension for life, but if the policyholder dies due to any reason and has a Deferred Annuity for Single Life Plan, then the money deposited in his account should be given to the nominee mentioned in the documents. Are being given.
The country’s largest insurance company LIC (LIC) has plans for every age group. Retirement plans are especially popular in the Life Insurance Corporation of India, which are going to end the tension of pension in old age. One such scheme is LIC Jeevan Shanti ‘LIC New Jeevan Shanti’ plan which will not let you face the shortage of money after retirement. There is a need to invest only once in this scheme.
The specialty of the New Jeevan Shanti plan is the New Jeevan Shanti (LIC New Jeevan Shanti) scheme included in all the pension plans of the Life Insurance Corporation of India (LIC). This plan guarantees you a lifetime pension after retirement. LIC’s New Jeevan Shanti Scheme is an annuity scheme and your pension can also be fixed at the time of taking it, after which you will continue to get this much pension every month. After investing in it, there is a lock-in period of one to five years, after which you start getting fixed pension every month.
Plan can be bought in two ways
There is no maximum limit for investment in LIC New Jeevan Shanti scheme, although the minimum investment for taking this plan has been fixed at Rs 1.5 lakh. Under this scheme, the age limit is fixed from 30 years to 79 years. Anyone in the middle of this age range can buy this plan. This plan can be bought in two options. The first is Deferred Annuity for Single Life, while the second is Deferred Annuity for Joint Life.
This is how annuity plan works.
Talk about the annuity received by purchasing this plan, then the policyholder continues to get pension for life, but if the policyholder dies due to any reason, and he has Deferred Annuity for Single Life Plan, then his The money deposited in the account is given to the nominee mentioned in the documents. On the other hand, if the person has taken Deferred Annuity for Joint Life Plan and one person dies, then the pension facility is given to the other. On the other hand, on the death of both the persons, all the money is given to the nominee.
Ways to take pension and facility of surrender
You can surrender anytime after purchasing this pension plan of LIC. Apart from this, you can also choose the option of receiving pension at desired intervals after the one-time investment. That is, you can take your pension every month, if you want, you can select for three months or six months or you can also get a lump sum pension annually.
This is how you get month-wise pension
under this single premium plan of Life Insurance Corporation of India, if you make a minimum investment of Rs 1.5 lakh, then your pension becomes fixed at Rs 1,000. On the other hand, if you increase the one time investment to 10 lakhs in case of deferred annuity for single life, then your monthly pension will be fixed at Rs 11,192, which will continue to be available throughout life. Overall, taking this policy as a retirement plan can prove to be a profitable deal.