LIC’s special policy: invest money only once and raise pension benefits throughout your life

LIC (Life Insurance Corporation) of the country’s government keeps bringing special schemes for its customers from time to time. The name of this pension policy of LIC is ‘Jeevan Shanti’. By paying a lump sum in it, you can get a lifetime pension. Let’s say about this policy …

Today we are telling you about this policy of LIC, in which once you invest money, you will continue to earn every month after retirement. While taking this policy, the policyholder has two options regarding pension. First intermediate second deferred annuity. Immediate means the receipt of pension soon after taking the policy, while the deferred annuity means payment of pension after some time (5, 10, 15, 20 years) of taking the policy.

Also Read: LIC Policy: With the savings of only 150, you can add 19 lakh rupees for the education of the child, know the method of investment

There are 7 options available in intermediate annuity. At the same time, there are two types of deferred annuity, in which ‘Deferred annuity for single life’ and ‘Deferred annuity for joint life’. The higher your age, the more pension you will get. If you are younger then the nominee will get more bonus with high risk cover. In this way, your money in this plan is completely safe.

If a 50-year-old person invests Rs 10,18,000 in a policy, then he will get 65600 annual pension immediately. But if you take after 1 year under Deferred option- 69300 annual, after 5 years- 91800 annual, after 10 years- 128300 annual, after 15 years- 169500 ​​annual, after 20 years- 192300 annual. The important thing is that the above rates are guaranteed for life.

This is a single premium pension plan, so the premium has to be paid only once. There is no maximum pension limit. A minimum 30-year person can invest in this plan, while a maximum 85-year person. Under this scheme you can invest anything from 1.5 lakhs.

You can also take this policy jointly with your parents or siblings. Apart from this, customers can select annuity options according to their needs and circumstances. If you want to invest in the policy, you can start taking pension immediately or you can take it after some time.

Let us tell you that in this policy, loan facility is also available. With this, this policy can be surrendered anytime after 3 months without submitting any medical document. This pension will be received as long as the policy holder remains alive. At the same time, this pension will stop coming after death.


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