LIC Scheme: Invest money once and get pension of ₹1 lakh for lifetime, check complete scheme details
LIC New Jeevan Shanti Plan: If you do not want to face financial difficulties after retirement, then early investment is necessary and in this case, LIC’s New Jeevan Shanti Policy, which guarantees lifetime pension, is quite popular.
LIC New Jeevan Shanti Plan: Everyone saves some amount from their earnings and plans to invest it in such a place where their money is safe and they also get a strong return on their investment. In this case, the country’s largest insurance company LIC has not one but many great plans for people of all ages. LIC’s retirement plans are quite 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 up to Rs 1 lakh every year. Let’s know about this special policy…
Invest only once, get pension for life
Everyone wants to save some amount from their earnings and invest it in such a place so that they do not have to face any kind of financial problem in the future or after retirement. If you are also saving with this thought in mind and are looking for a plan under this goal, then LIC New Jeevan Shanti Policy is of use to you. This policy guarantees you regular pension after retirement through a single investment. That is, after a single investment made in it, you keep getting pension for life after retirement.
30-79 years have been fixed as the age limit
The age limit for taking this policy of LIC has been fixed from 30 to 79 years. Although, there is no risk cover in this plan, but still the benefits available in it are making it quite popular. Two options are given by the company to buy this LIC Plan. The first of these is Deferred Annuity for Single Life and the second is Deferred Annuity for Joint Life. That is, if you want, you can invest in a single plan, or if you want, you can choose the combined option.
How to get pension of Rs 1 lakh for life
LIC New Jeevan Shanti Scheme is an annuity plan and with its purchase, you can fix your pension limit in it. The fixed pension will continue to be available to you for life after retirement. It gives great interest and according to the plan, if a 55-year-old person deposits Rs 11 lakh while buying this plan and holds it for five years, then on this lump sum investment you can get a pension of more than Rs 1,01,880 annually. The amount of pension received on the basis of six months will be Rs 49,911 and the pension on a monthly basis will be Rs 8,149.
Facility to surrender the policy anytime
It is worth noting that the annuity rates for New Jeevan Shanti Plan have also been increased by LIC in the recent past. Anyone can invest in this scheme. The special thing is that you can surrender this plan anytime and can invest a minimum of Rs 1.5 lakh in it, while there is no maximum limit for it. If the policyholder dies during this period, the entire deposit amount in his account is given to the nominee.
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