Everyone saves some amount from their income and plans to invest it in such a place that they do not have to face financial problems after retirement and they get regular income. To get rid of this problem, many plans are being offered by the country’s largest insurance company LIC, which guarantees pension for life. One popular scheme among these is LIC New Jeevan Shanti Policy, the special thing about which is that money has to be invested only once and pension is guaranteed for life.

Lifetime pension guaranteed plan

Life Insurance Corporation of India (LIC) has not just one but many great plans for people of all ages. LIC’s retirement plans are quite popular, which have been specially introduced to maintain financial health after retirement. Talking about LIC New Jeevan Shanti Plan, let us tell you that this is a single premium plan and guarantees you regular pension after retirement through a one-time investment. You can get a pension of Rs 1,00,000 every year, that too for life.

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The age limit is 30 to 79 years.

For this pension policy of LIC, the company has fixed the age limit from 30 years to 79 years. In this scheme, along with guaranteed pension, many other benefits are also available. There are two options available to buy this plan, the first of which 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.

This is how you can get a pension of Rs 1 lakh every year

. Now let us tell you how you can ensure an annual pension of Rs 1,00,000 after investing once in LIC’s New Jeevan Shanti Scheme. So, as told, this is an annuity plan and you can fix your pension limit in it as soon as you buy it. You will keep getting the fixed pension for life after retirement. You also get a great interest on investment in this.

Talking about pension, if a 55-year-old person invests 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 a pension of Rs 1,02,850 every year. If you want, you can take it every six months or even every month.

On the basis of calculation, on a single investment of Rs 11 lakh, you get an annual pension of 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 monthly pension, then on this much investment, a pension of Rs 8,217 will be assured every month.

Along with pension, these benefits

are also worth noting that along with guaranteed pension, other benefits available in LIC’s New Jeevan Shanti Plan also include death cover. If the policyholder dies during this period, the entire deposit amount in his account is given to the nominee. The amount received by the nominee on an investment of 11 lakhs will be Rs 12,10,000. The special thing is that you can surrender this plan anytime and can make a minimum investment of Rs 1.5 lakh in it, while there is no maximum limit for this.

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The country’s largest insurance company LIC (LIC) has plans for every age group. Retirement plans are especially popular in the Life Insurance Corporation of India, which are going to end the tension of pension in old age. One such scheme is LIC Jeevan Shanti ‘LIC New Jeevan Shanti’ plan which will not let you face the shortage of money after retirement. There is a need to invest only once in this scheme.

The specialty of the New Jeevan Shanti plan is the New Jeevan Shanti (LIC New Jeevan Shanti) scheme included in all the pension plans of the Life Insurance Corporation of India (LIC). This plan guarantees you a lifetime pension after retirement. LIC’s New Jeevan Shanti Scheme is an annuity scheme and your pension can also be fixed at the time of taking it, after which you will continue to get this much pension every month. After investing in it, there is a lock-in period of one to five years, after which you start getting fixed pension every month.

Plan can be bought in two ways

There is no maximum limit for investment in LIC New Jeevan Shanti scheme, although the minimum investment for taking this plan has been fixed at Rs 1.5 lakh. Under this scheme, the age limit is fixed from 30 years to 79 years. Anyone in the middle of this age range can buy this plan. This plan can be bought in two options. The first is Deferred Annuity for Single Life, while the second is Deferred Annuity for Joint Life.

This is how annuity plan works.

Talk about the annuity received by purchasing this plan, then the policyholder continues to get pension for life, but if the policyholder dies due to any reason, and he has Deferred Annuity for Single Life Plan, then his The money deposited in the account is given to the nominee mentioned in the documents. On the other hand, if the person has taken Deferred Annuity for Joint Life Plan and one person dies, then the pension facility is given to the other. On the other hand, on the death of both the persons, all the money is given to the nominee.

Ways to take pension and facility of surrender

You can surrender anytime after purchasing this pension plan of LIC. Apart from this, you can also choose the option of receiving pension at desired intervals after the one-time investment. That is, you can take your pension every month, if you want, you can select for three months or six months or you can also get a lump sum pension annually.

This is how you get month-wise pension

under this single premium plan of Life Insurance Corporation of India, if you make a minimum investment of Rs 1.5 lakh, then your pension becomes fixed at Rs 1,000. On the other hand, if you increase the one time investment to 10 lakhs in case of deferred annuity for single life, then your monthly pension will be fixed at Rs 11,192, which will continue to be available throughout life. Overall, taking this policy as a retirement plan can prove to be a profitable deal.

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If you also want to secure your old age, then this is a better plan for you. LIC has launched a new and luxurious policy Jeevan Shanti Policy. Once you invest in this policy, you can get a pension with a lifetime guarantee. With this, you can easily meet the expenses after your retirement (LIC Life Insurance).

Know what is the scheme? (LIC Jeevan Shanti Scheme)

This plan is similar to LIC’s old plan Jeevan Akshay. You have two options in Jeevan Shanti policy. The first is Immediate Annuity and the second is Deferred Annuity. This is a single premium plan. The facility of pension is available immediately after taking the policy under the first i.e. Immediate Annuity. On the other hand, in the option of deferred annuity, pension facility is available after 5, 10, 15 or 20 years of taking the policy. The biggest thing is that if you want, you can start your pension immediately.

How Much Pension Will Be Received

The amount of pension under this scheme is not fixed. You will get your pension according to your investment, age and deferment period. The longer the period between investment and the commencement of pension or the higher the age, the more you will get the pension. LIC gives pension according to the percentage being made on your investment.

Who will get the benefit (People Of This Age Can Take Benefits )

This plan of LIC can be taken by individuals of minimum 30 years and maximum up to 85 years. Apart from this, loan in Jeevan Shanti plan can be done after 1 year of commencement of pension and it can be surrendered after 3 months of commencement of pension. The annual rates will be guaranteed while taking the policy for both the options. Various annuity options and modes of annuity payment are available under the plan. But before taking this policy keep in mind that the option once selected cannot be changed. This plan can be purchased offline as well as online.

The post LIC launch new policy: Deposit money only once in this lucrative policy of LIC, you will get pension for life first appeared on Rightsofemployees.com.

LIC has launched a new and luxurious policy Jeevan Shanti Policy. Once you invest in this policy, you will get a pension with a lifetime guarantee. With this, you can easily meet the expenses after your retirement (LIC Life Insurance).

Know what is the scheme? (LIC Jeevan Shanti Scheme)

Jeevan Shanti policy is similar to LIC’s old plan Jeevan Akshay plan. You have two options in Jeevan Shanti policy. The first is Immediate Annuity and the second is Deferred Annuity. This is a single premium plan. The facility of pension is available immediately after taking the policy under the first i.e. Immediate Annuity. On the other hand, in the option of deferred annuity, pension facility is available after 5, 10, 15 or 20 years of taking the policy. The biggest thing is that if you want, you can start your pension immediately.

How Much Pension Will Be Received

The amount of pension under this scheme is not fixed. You will get your pension according to your investment, age and deferment period. The longer the period between investment and the commencement of pension or the higher the age, the more you will get the pension. LIC gives pension according to the percentage being made on your investment.

Who will get the benefit (People Of This Age Can Take Benefits )

This plan of LIC can be taken by individuals of minimum 30 years and maximum up to 85 years. Apart from this, loan in Jeevan Shanti plan can be done after 1 year of commencement of pension and it can be surrendered after 3 months of commencement of pension. The annual rates will be guaranteed while taking the policy for both the options. Various annuity options and modes of annuity payment are available under the plan. But before taking this policy keep in mind that the option once selected cannot be changed. This plan can be purchased offline as well as online.

The post LIC Launch New Policy: LIC introduced a great policy, know details first appeared on Rightsofemployees.com.

LIC has launched a new and luxurious policy Jeevan Shanti Policy. Once you invest in this policy, you will get a pension with a lifetime guarantee. With this, you can easily meet the expenses after your retirement (LIC Life Insurance).

Know what is the scheme? (LIC Jeevan Shanti Scheme)

Jeevan Shanti Policy is similar to LIC’s old plan Jeevan Akshay plan. You have two options in Jeevan Shanti policy. The first is Immediate Annuity and the second is Deferred Annuity. This is a single premium plan. The facility of pension is available immediately after taking the policy under the first i.e. Immediate Annuity. On the other hand, in the option of deferred annuity, pension facility is available after 5, 10, 15 or 20 years of taking the policy. The biggest thing is that if you want, you can start your pension immediately.

How Much Pension Will Be Received

The amount of pension under this scheme is not fixed. You will get your pension according to your investment, age and deferment period. The longer the period between investment and the commencement of pension or the higher the age, the more you will get the pension. LIC gives pension according to the percentage being made on your investment.

People Of This Age Can Take Benefits 

This plan of LIC can be taken by individuals of minimum 30 years and maximum up to 85 years. Apart from this, loan in Jeevan Shanti plan can be done after 1 year of commencement of pension and it can be surrendered after 3 months of commencement of pension.

The annual rates will be guaranteed while taking the policy for both the options. Various annuity options and modes of annuity payment are available under the plan. But before taking this policy keep in mind that the option once selected cannot be changed. This plan can be purchased offline as well as online.

The post New LIC Policy: LIC introduced a great policy, Know what is the policy? first appeared on Rightsofemployees.com.