LIC New Jeevan Shanti Policy: Every sensible person starts planning for his retirement along with the job. After the age of 60, the source of income of the people ends, but the expenses of the house remain only then. In such a situation, if you start investing during the job period itself, then you will not have to worry about money in old age.
Life Insurance Corporation of India, the country’s largest insurance company, keeps coming up with various types of insurance policies for its customers from time to time. The name of the insurance policy about which we are going to give information today is LIC’s New Jeevan Shanti Plan. By investing in this policy, you can get the facility of pension throughout your life. If you are also planning to invest in this plan, then we are giving you information about its details-
What is LIC’s New Jeevan Shanti Plan?
LIC’s New Jeevan Shanti Plan is a Non-Linked, Non-Participating, Individual, Single Premium, Deferred Annuity Plan, in which you can get pension for life by investing once. facility can be availed. You get two investment options in this policy. The first is the Immediate Annuity Plan and the second is the Deferred Annuity Plan. By investing in an intermediate annuity plan, you get the facility of pension only after paying the premium. On the other hand, in the option of Deferred Annuity, after taking the policy, you will get the facility of pension after 1, 5, 10, 12 years. Let us tell you that in this plan, you can get pension on the basis of half yearly, quarterly and monthly basis.
New Jeevan Shanti Plan details
- Minimum plan purchase price – 1.50 lakhs
- Cost to buy Maxis plan – There is no limit
- Minimum age to buy the plan – 30 years
- Maximum age to buy the plan – 79 years
- An investment of Rs 1.5 lakh will get a pension of Rs 1,000 annually.
- You can also surrender this policy after taking it.
- Loan facility is available against the policy.
In the new Jeevan Shanti plan, you get the option to open single and joint-
In this policy, you can open an account in both single life and second joint life. By investing in a single plan, only that policy holder gets the benefit of pension. At the same time, after the death of the policy holder, the deposit amount is given to the nominee. On the other hand, after the death of the policy holder in the joint policy, the second person will get the benefit of pension. If both of them die, then LIC will give the entire amount deposited to the nominee.
How to get pension up to Rs 9,656?
If you invest Rs 10 lakh at the age of 45 in the Deferred Annuity for Single Life Plan of LIC’s New Jeevan Shanti Policy (LIC New Jeevan Shanti Policy Details) for a period of 12 years, then you will get 1,20,700 lakhs every year. Will get return of. In this case, you can get Rs 59,143 as pension every 6 months. At the same time, you can get Rs 9,656 as pension every month. On the other hand, in Deferred Annuity for Joint Life Plan, you will get Rs 9,160 every month as pension.