New Delhi. The specialty of LIC’s Jeevan Shanti Scheme is the pension available in it. This policy provides future security to the customers through pension. LIC’s Jeevan Shanti plan is a non-linked plan. Also it is a single premium annuity plan in which the policy holder has the option to choose immediate annuity or deferred annuity.
After retirement, the source of income of all people ends, but the expenses of normal life still remain. In such a situation, there is no shortage of money after retirement, so people prefer to invest in different types of pension schemes.
Buy policy online and offline
This plan can be bought offline as well as online. LIC’s Jeevan Shanti is a comprehensive annuity plan that will benefit the individual as well as his family.
Will continue to get 1000 rupees / month pension
The minimum purchase price for the New Jeevan Shanti scheme is Rs 1.5 lakh. That is, you have to invest at least Rs 1.5 lakh. At the same time, no limit has been fixed for the maximum investment. You can get the pension on yearly, 6 months, 3 months or monthly basis as per your requirement. If you invest Rs 1.5 lakh, you get a monthly pension of Rs 1,000. On the other hand, a pension of Rs 12,000 will be received on an annual basis.
Policy Specification
LIC’s ‘Jeevan Shanti’ is a wonderful product. This is a single premium deposit pension plan. Some of its features are…
- Loan facility
- Surrender anytime after 3 months (without any medical document)
- Pension starts immediately or anytime between 1 to 20 years
- Any close relative can be included in the joint life option.
People of this age can take advantage
- This scheme of LIC can be taken by persons of minimum 30 years and maximum of 79 years. Loan in Jeevan Shanti plan can be taken after 1 year from the start of pension and it can be surrendered after 3 months from the start of pension.
- Guaranteed annual rates at the time of taking the policy for both immediate and deferred annuity options. Various annuity options and modes of annuity payment are available under the plan. The option once selected cannot be changed.
- This plan can be bought offline as well as online. This plan is similar to LIC’s old plan Jeevan Akshay.
