LIC New Jeevan Shanti Plan: This scheme is operated by LIC, under which regular income is guaranteed and your money is also safe. This scheme is also known as LIC New Jeevan Shanti Policy.
LIC New Jeevan Shanti Plan: Every person wants to do big planning for his retirement during the job itself, but most people are unable to do this due to lack of money. In today’s time, people are more active about Mutual Fund Investment in retirement plans and are investing some part of their earnings. However, this scheme can be risky due to being linked to the market. But today we are going to tell about such a scheme, where you will get guaranteed regular income and do not have to deposit money every month or half-yearly basis. You can get a hefty pension by investing money only once.
This scheme is operated by LIC, under which regular income is guaranteed and your money is also safe. This scheme is also known as LIC New Jeevan Shanti Policy. The special thing about this scheme is that money has to be invested only once and pension is confirmed for life.
Pension will be available for life
Life Insurance Corporation of India i.e. LIC has not one but many great policies for people of all ages. Many of its plans for retirement have been quite famous, which keeps the financial health of people better after retirement and never lets there be a shortage of money. LIC New Jeevan Shanti Plan is also a similar scheme. It is a single premium plan and guarantees you regular pension after retirement through a one-time investment. Under this scheme, you can get a pension of Rs 1 lakh every year. You will continue to get this pension for life.
Who can take this policy?
For this pension policy of LIC, the company has fixed the age from 30 years to 79 years. Apart from guaranteed pension, this scheme also offers many other benefits. There are two options available to buy this plan, the first is Deferred Annuity for Single Life and the second is Deferred Annuity for Joint Life. That is, if you want, you can invest in a single plan, or if you want, you can choose the combined option.
How to get pension of Rs 1 lakh?
This new Jeevan Shanti policy of LIC is an annuity plan and with its purchase, you can fix your pension limit in it. You will continue to get the fixed pension throughout your life after retirement. You also get great interest on investment in it. If you are 55 years old and invest Rs 11 lakh while buying LIC New Jeevan Shanti plan, then it will be held for five years and after 60 years you will start getting pension of Rs 1,02,850 every year. If you want, you can take it in 6 months or every month.
How much pension will you get on half-yearly and monthly?
If you look at the calculation, on a single investment of Rs 11 lakh, your annual pension is more than Rs 1 lakh, while if you want to take it every six months, then it will be Rs 50,365. If we calculate the pension every month, then on this much investment, you will get a pension of Rs 8,217 every month.
Also Read- LIC Superhit Scheme: You can collect Rs 25 lakh by investing Rs 45 in this scheme of LIC, know how
You will also get these benefits along with pension
It is worth noting that in this policy of LIC, other benefits are available along with guaranteed pension. It also includes death cover. If the holder dies during the policy period, the entire amount in his account is given to the nominee. On an investment of Rs 11 lakh, the amount received by the nominee will be Rs 12,10,000. The special thing is that you can surrender this plan anytime and can invest a minimum of Rs 1.5 lakh in it. There is no maximum limit.
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