Will get pension after retirement

The biggest feature of this scheme of LIC, specially designed for pension, is that money will have to be deposited only once and after retirement, pension will be available for life. The plan number of LIC’s New Jeevan Shanti plan is 858.

Keep these things in mind while buying the plan

Many times one has to leave the job before retirement, in which case the income source ends. Keeping this problem in mind, LIC’s New Jeevan Shanti plan has been prepared. This is an annual plan. In this, you can decide your pension on the basis of investment. While taking which you can decide the pension amount. You start getting pension every month after a regular interval of at least one year.

LIC scheme rules

This is a single premium plan, which means you have to invest only once. After investing, you can get pension in a period of 1 to 12 years. You can get a monthly pension of more than Rs 11000 on an investment of 10 lakhs in the scheme. Interest is available in this scheme from 6.81 to 14.62%. In this, both single and joint get the service of getting pension.

These people can buy the plan

Anyone between the age of 30 years to 79 years can invest in LIC’s plan. The special thing is that you can surrender this plan anytime. There is no maximum investment limit in this. If the policyholder dies during this period, the money deposited in his account goes to the nominee. There is no risk cover in this plan.

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The biggest feature of this plan of LIC specially prepared for pension is that it has to be deposited only once and after retirement, pension will be available for life. The plan number of LIC’s New Jeevan Shanti Yojana is 858. Let us know the features and terms and conditions of this scheme.

While buying the plan, choose from when you want pension.

Due to some reason one has to take premature retirement in the job, in such a situation the source of income ends. Keeping this type of problem in mind, LIC’s New Jeevan Shanti Plan has been prepared. This is a deferred annuity plan, which you can fix the pension amount at the time of taking it. After a regular interval of at least one year, you start getting pension every month.

Key Features of LIC New Jeevan Shanti Plan

• This is a single premium plan, which means you have to invest only once.
• Deferred Annuity Plan (option to get pension after a period of 1 to 12 years after making the investment)
• Option to receive pension amount yearly, half-yearly, quarterly and monthly
• Monthly pension of more than Rs 11000 is available on investment of 10 lakhs
• Interest from 6.81 to 14.62% in this plan
• Facility to get pension in both single life and joint life

Minimum and maximum age of entry

Any person between 30 years to 79 years can invest in this plan. The special thing is that you can surrender this plan anytime. There is no maximum investment limit in this. If the policyholder dies during this period, the money deposited in his account along with some additional amount will be given to the nominee. Please tell that there is no risk cover in this plan.

Investment advisor Sweety Manoj Jain says that due to loss of employment during the Corona epidemic, many people had to face financial difficulties, as the income had ended at that time. Such problems can come at any time in life, so it is important that every person invests in such pension plans, so that they do not have to face financial crunch in difficult times.

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However, its benefit will be available only to those policyholders who have taken the plan on or after January 5. LIC also said that the purchase price for the New Jeevan Shanti plan has also been increased. Now policyholders can get an incentive of Rs 3 to Rs 9.75 per purchase price of Rs 1,000. However, the incentive is based on the purchase price and the deferment period chosen . LIC has given information about the change in this plan through a statement.

What is LIC’s New Jeevan Shanti Plan?

After retirement, people’s means of earning often ends, but the expenses of common life keep on increasing. This plan of LIC ensures a source of income for post-retirement life. LIC’s New Jeevan Shanti Scheme ( LIC New Jeevan Shanti Scheme ) is an annuity plan, that is, while taking it, your pension amount will be fixed. In this you will get the facility of pension every month.

There are two options for the plan

This is a single premium plan. You get two types of options in LIC’s New Jeevan Shanti Scheme. Policyholders can choose between Single Life and Joint Life Deferred Annuity. In the first option, you can buy a pension scheme for an individual.

In Deferred Annuity for Single Life when a policyholder dies. The nominee will get the money deposited in his account. If the policyholder survives, he starts getting pension after a certain period of time. In Deferred Annuity for Joint Life, if one person dies, the other gets the facility of pension. At the same time, after the death of both the persons, the money of the policy is given to the nominee .

New Jeevan Shanti Plan offers guaranteed annuity rates at the inception of the policy.

How much money will you get for 10 lakh rupees

The minimum purchase price in this plan is Rs 1.5 lakh. In this, you will get a minimum annuity of Rs 12,000 per year. However, there is no limit for the maximum purchase price.

According to the plan, in case of deferred annuity for single life, you can get a monthly pension of Rs 11,192 by purchasing a policy for Rs 10 lakh. You can get a monthly pension of Rs 10,576 on deferred annuity for joint life. The amount of annuity may vary on a case to case basis. For more information, you can contact LIC’s website.

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