LIC Jeevan Shanti Policy can get a lump sum investment of 2 lakh rupees every month

You can get better returns by depositing lump sum in LIC’s ‘Jeevan Shanti’ pension policy. In this policy, you can get a pension of up to 2 lakh rupees every month. You can get a pension every month immediately after depositing a lump sum.

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Talk about the terms of this policy, if the minimum sum assured is Rs 1.5 lakh, then there is no limit to the maximum. The loan can be done 1 year after the commencement of pension and 3 months after the surrender, pension is started. Individuals up to minimum 30 years and maximum 85 years can invest.

While investing, customers have two options to choose the pension. The first one is the intermediate and the second is the deferred annuity. The intermediate means pension immediately after investment, while the deferred annuity means payment of pension after some time (5, 10, 15, 20 years). If you take a lump sum sum of Rs 4 crore in this policy and choose the intermediate option, then you will get a pension of Rs 202000 every month.

Age: 36
Sum Assured: 40000000
Lump Sum Premium: 40720000

Pension:
Annual: 2504000
Half Yearly: 1230000
Quarterly: 610500
Monthly: 202000

Suppose if a person of 36 years chooses option ‘A’ i.e. Immediate Annuity for life (pension per month). In addition, he opts for the sum assured option of Rs 40,000,000. So he will have to pay a lump sum premium of Rs 40720000. After this investment, he will get a pension of Rs 202000 per month. This pension will be received as long as the policyholder remains alive.