LIC Jeevan Shanti Pension Plan: 50 thousand will come to the account every month by filling a premium, know what is this whole policy

LIC is providing ‘Jeevan Shanti’ pension policy to overcome the pension related stress of these people. If you invest once in this policy of LIC, you get returns throughout your life. Every month there is a return in the form of pension in the account.

It is a single premium, non-linked, non-participating and individual instant annuity plan. This policy is available for age from 30 years to 85 years. The most important thing about the policy is that it provides financial security to the future through pension. The loan can be made 1 year after the commencement of the pension and 3 months after the surrender, the pension starts.

The biggest feature of this policy is that by investing in it, you can get pension immediately. Actually, under this policy, the customer gets the option to get returns in two ways. The first is to get pension immediately and the second after some time. In the language of LIC it is called intermediate and deferred annuity. Immediate means that pension and deferred annuity immediately after taking the policy means payment of pension sometime (5, 10, 15, 20 years) after taking the policy.

If you invest a lump sum of Rs 1,00,78,200 in this policy, you can get a pension of Rs 50,243 per month. For this, you have to select ‘A’ i.e. Immediate Annuity for life (Pension per month) option.

Age: 37
Sum Assured: 9900000
Lump Sum Premium: 10078200

Pension:
Annual: 621720
Half Yearly: 305910
Quarterly: 151099
Monthly: 50243

Suppose if a 37-year-old person chooses option ‘A’ and selects the sum assured option of Rs 9900000. So he will have to pay one time premium of Rs 10078200. After this investment, he will get a pension of Rs 50,243 per month. Which will be 621720 annually, 305910 every six months and Rs.151099 quarterly. This pension will be received as long as the policy holder survives. At the same time, this pension will stop coming after death.