LIC (Life Insurance Corporation) has come up with a special policy for its customers. In this policy, you have to deposit a lump sum amount and you can get pension throughout your life. Today, we will tell you about a similar policy in which you will continue to earn every month after retirement once you put money. The name of this policy is LIC’s Jeevan Shanti Scheme. Let’s tell you about this policy in detail-
While taking this policy, the policyholder has two options for pension. The first intermediate second defered annuity. This is a good way to get a certain amount at the time of retirement. Both plans have different features and advantages.
Intermediate means that you start taking pension immediately after taking the policy. The defard annuity means that you start taking pension sometime (5, 10, 15, 20 years) of taking the policy. In the intermediate policy, you get 7 kinds of options. There are two options available in defard. This policy also facilitates loans to customers. You can also surrender it anytime after 3 months.
It will be necessary to invest at least Rs 1.5 lakh under the Jeevan Shanti Plan. There is no limit on the maximum amount. You can deposit a lump sum of 5 lakh or 10 lakh or more at your convenience.
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You must be at least 30 years of age to take the policy. If you need an instant pension, the maximum age should be 85 years. The maximum age for the defence plan should be 79 years.
In this LIC plan, you only have to invest once and your lifetime guaranteed income will continue. You can also take the policy joint with your parents or siblings. In addition, customers can select annuity options as per their requirement and condition in this plan. It is a single premium scheme where once you invest, you will start getting pension, which will be lifelong.
In this policy you get several options for investment. You can start taking pension immediately if you want it or you can take it even after a while. If you join the policy in 35 years, you can get pension immediately or you can also take it for 5, 10, 15 or 20 years.
Under different pension plans at intervals of 5 to 20 years, the Jeevan Shanti Plan has the option of pension on your deposit at 8.79 to 21.6 per cent per annum.
