LIC New Jeevan Shanti: By investing in LIC’s New Jeevan Shanti scheme, you can arrange a pension for yourself every month. Those who buy this policy get many other facilities.
Life Insurance Corporation of India (LIC), the country’s largest government insurance company, has policies for people of all ages. LIC offers its scheme for investment from child to old age. Generally investing in LIC is considered safe. Many schemes of LIC are quite popular, by investing in which people can get good returns. One such scheme of LIC is New Jeevan Shanti Policy. By investing in it, you can avail pension after retirement. In this scheme of LIC, you can get more profit by making limited investment.
Jeevan Shanti policy is annuity plan
LIC’s New Jeevan Shanti Scheme is an annuity plan. This means that the amount of your pension gets fixed as soon as you buy this policy. In this, you get the facility of getting pension every month. You get two options in this policy. The first is Deferred Annuity for Single Life and the second is Deferred Annuity for Joint Life. Under the first option, you can buy a pension scheme for one person.
Will have to invest this much amount
Any person between the age of 30 to 79 years can buy this policy. To buy this scheme, you have to invest at least Rs 1.5 lakh. However, if you do not like the policy, you can surrender it anytime. Apart from this, you also get the facility of loan on buying this policy.
Nominee gets the deposit amount
If a person has bought a policy of Deferred Annuity for Single Life and if he dies, then the accumulated money will go to his nominee. If the policy holder survives, then after a point of time he starts getting pension. On the other hand, if one person dies in Deferred Annuity for Joint Life, then the other gets the facility of pension. On the other hand, if both the persons die, then the nominee gets the deposited money.
Pension on investment of 10 lakhs
According to the new Jeevan Shanti policy, on purchasing a policy of Rs 10 lakh in deferred annuity for single life, you will get Rs 11,192 as pension every month. If you invest Rs 1.5 lakh, then you will continue to get a pension of Rs 1000 every month. You can take pension on yearly, 6 months, 3 months or monthly basis as per your requirement. Pension can be started immediately or pension will start anytime from one year to 20 years.
