LIC New Jeevan Shanti Policy: Life Insurance Corporation of India (LIC), the country’s largest insurance company, has launched a new Jeevan Shanti Policy. By investing in it, a person can get monthly pension for life.
New Delhi: LIC New Jeevan Shanti Policy: If you are also worried about your old age expenses, then there is good news for you. If you also want to secure your old age, then this is a better plan for you. LIC has launched a new and luxurious policy Jeevan Shanti Policy. Once you invest in this policy, you can get a pension with a lifetime guarantee. With this you can easily meet the expenses after your retirement.Also Read:Microsoft teams new update schools student information system ssd help parents teachers connect through teams
Know what is the scheme?
This plan is similar to LIC’s old plan Jeevan Akshay. You have two options in Jeevan Shanti policy. The first is Immediate Annuity and the second is Deferred Annuity. This is a single premium plan. The facility of pension is available immediately after taking the policy under the first i.e. Immediate Annuity. On the other hand, in the option of deferred annuity, pension facility is available after 5, 10, 15 or 20 years of taking the policy. The biggest thing is that if you want, you can start your pension immediately.Also Read:DA News: Himachal pradesh cm announces 6 per cent additional dearness allowance for government employees and pensioners
How Much Pension Will Be Received
The amount of pension under this scheme is not fixed. You will get your pension according to your investment, age and deferment period. The longer the period between investment and the commencement of pension or the higher the age, the more you will get the pension. LIC gives pension according to the percentage being made on your investment.Also Read:How to apply Kisan Credit Card, how much fees and what are the benefits, know everything
Who will get the benefit
This plan of LIC can be taken by individuals of minimum 30 years and maximum up to 85 years. Apart from this, loan in Jeevan Shanti plan can be done after 1 year of commencement of pension and it can be surrendered after 3 months of commencement of pension. The annual rates will be guaranteed while taking the policy for both the options. Various annuity options and modes of annuity payment are available under the plan. But before taking this policy keep in mind that the option once selected cannot be changed. This plan can be purchased offline as well as online.Also Read: Want to get interest of 85% in pf account then do this thing first to do claim