In LIC’s Jeevan Shanti Scheme, you have to pay a lump sum, after which you will start pension immediately or later
Life Insurance Corporation of India (LIC) is one of the most trusted insurance companies in the country. This company has many different policies in which customers have invested millions of rupees. Investors trust this company more than other insurance companies because it is a government-run company.
In such a situation, investors do not have to worry about losing money. LIC periodically brings special schemes for its customers, so that customers do not worry about their future. Today we are going to tell you about one such policy of LIC, in which once you invest money, after retirement, you will continue to earn a significant amount every month.
Life peace scheme
The name of this excellent policy is the Jeevan Shanti Scheme of LIC. By investing in this policy, a person can arrange monthly pension for thousands of rupees throughout his life. With this, a person can easily meet his post-retirement expenses. Let us tell you about this LIC Jeevan Shanti Policy in detail….
There are 2 options in the policy
In this policy, the customers have to make a lump sum payment and can avail pension immediately. This scheme of LIC can be taken for a minimum of 30 years and a maximum of 85 years. While taking the policy, the policyholder has two options regarding pension. First Immediate Second Deferred Annuity. Immediate means that soon after taking the policy, you start taking pension.
At the same time, deferred annuity means start taking pension after some time (5, 10, 15, 20 years) of taking the policy. In Immediate Policy you get 7 types of options. At the same time, there are two options in Deferred, One with Deferred Annuity for single life and the other with Deferred Annuity for joint life. If he chooses A out of these 7 options i.e. Immediate Annuity for life (Pension per month), then he will get investment tax returns like this. With this policy, customers also get loan facility. Also you can surrender it anytime after 3 months.
35 thousand rupees pension will be given on such investment
The best thing in this policy is that if you want, you can start taking pension immediately or you can take it after some time. If you join the policy in 35 years, you can get the pension immediately or you can take it for 5, 10, 15 or 20 years. Suppose a person of 50 years chooses Option A i.e. pension option per month. With this, he chooses the 10 lakh even assured option. So he will have to pay a premium of 10 lakh 18 thousand rupees. After this investment, he will get a pension of Rs 5,617 per month. This pension will be received as long as the policy holder survives.
Also suppose a 46-year-old person chooses Option A, ie, a monthly pension option, and simultaneously chooses the 65 lakh Sum Assured option. So he will have to pay a premium of Rs 66,17,000. After this investment, he will get a pension of Rs 35,263 per month. This pension will continue to be available as long as the policy holder is alive. At the same time, this pension will stop coming after the demise.
How old can people invest?
You must be at least 30 years old to take the Jeevan Shanti Policy. At the same time, if the pension is needed immediately, then the maximum age should be 85 years. The maximum age for the differential plan should be 79 years. Under different pension plans at an interval of 5 to 20 years, eevan Shanti Plan has the option of pension on your deposit at 8.79 to 21.6 per cent per annum. For more information, you can visit the official website link https://www.licindia.in/getattachment/Products/Pension-Plans/Jeevan-Shanti/Sales-brochure.pdf.aspx .