LIC: Pay premium once and get lifetime pension

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LIC is one of the most trusted insurance company in the country. LIC’s Jeevan Shanti Policy is one of the special policy. Jeevan Shanti Scheme offers for pension. Under this scheme, you can choose the pension option immediately or you can choose the yearly option. LIC’s Jeevan Shanti Scheme provides future security to the customer through pension. The specialty of this policy of LIC is the pension received in it. People often worry about their post-retirement expenses. In such a situation, LIC’s Jeevan Shanti Policy will help to overcome this concern of the people. By investing in this policy, a person can arrange monthly pension throughout his life. With this, a person can easily meet his post-retirement expenses. This is a single premium plan.

Customers can choose two options in Jeevan Shanti policy

Provide information that in Jeevan Shanti policy customers can choose two options. The first is an intermediate annuity and the second is the deferred annuity. In the option of intermediate annuity, pension is available immediately after taking the policy. At the same time, in the option of deferred annuity, pension is provided 5,10,15 or 20 years after taking the policy. Customers can buy Jeevan Shanti policy both offline and online. Customers can buy this plan online by logging into LIC’s website www.licindia.in. Individuals between minimum 30 years to maximum 85 years of age can invest in Jeevan Shanti policy. The policy can be invested from Rs 1.5 lakh. Also, there is no maximum investment limit.

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These are the benefits of life peace policy

1. One has to invest only once in this plan and the investor has guaranteed income throughout his life.

2. In this plan, the customer gets the opportunity to choose nine different annuity options according to his needs and circumstances.

3. Customers can opt for an intermediate annuity to start an immediate pension or a deferred annuity to start later.

4. Annuity rates are guaranteed from the beginning of the policy.

5. This policy can also be taken for own life or joint life with parents, children, children, spouse or brother / sister.

6. Lawn facility is also available in this policy. The loan facility becomes available after completion of one year in the policy.

7. If the policyholder is not satisfied with the “Terms and Conditions” of the policy, the policy can be returned to the corporation within 15 days.

Know what is the specialty of the policy

First of all, tell us about the specialty of this policy of LIC. According to the LIC agent, ‘Jeevan Shanti’ is a wonderful product. It is a single premium deposit pension plan. Such is its merit.

Loan facility >> After 3 months, surrender anytime (without any medical document) or start pension anytime between 1 to 20 years

Joint life option can include any close relative.

Instant pension is almost equal to life-long renewables.

Lifetime guarantee from 9.18 percent to 19.23 percent between 5 years and 20 years.

Along with this, there will be an exemption in income tax.

Understand like this

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If a 50-year-old man invests Rs 10,18,000 in a policy, then he will get 65600 annual pension immediately. But under Deferred option he will get the following amount.

After 1 year- 69300 annual

After 5 years – 91800 annual

After 10 years – 128300 annual

After 15 years – 169500 ​​annual

20 years later – 192300 annual

The important thing is that the above rates are guaranteed over a lifetime.

People of this age can take advantage

This scheme of LIC can be taken for a minimum of 30 years and maximum 85 years.

Explain that the loan in Jeevan Shanti Plan can be done 1 year after the commencement of the pension and 3 months after the surrender, the pension starts.

In addition to this, annual rates will be guaranteed at the time of taking the policy for both immediate and deferred annuity options.

Various annuity options and mode of annuity payment are available under this scheme. Keep in mind that the option once selected cannot be changed. This plan can be purchased offline as well as online.

This plan is similar to LIC’s old plan Jeevan Akshay.

Click this link for more information:

https://www.licindia.in/Home/jeevan-shanti

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