LIC has taken full care of its customers even after the losses incurred by Adani Group, LIC is giving pension of Rs 12000 every month on investment of just this much rupees. Let us know how to apply
By investing in any good scheme, you can get a good pension after retirement. People invest in many places to get a good pension in future. If you want to get a good pension throughout your life, then know about such a scheme of Life Insurance Corporation (LIC), by investing in which you can arrange monthly fixed income. This LIC Jeevan Shanti plan can increase your monthly income.
LIC Jeevan Shanti Plan
LIC Jeevan Shanti Plan is a single premium non-linked plan in which the policyholder has the option to choose immediate or deferred annuity. Both immediate and deferred annuity rates are guaranteed at policy inception, and annuities are paid for the remainder of the annuitant’s life. It is possible to buy this plan both offline and online.
Benefits of LIC Jeevan Shanti Plan
- Invest in lump sum and get guaranteed income for life.
- Additions are assured during the moratorium period.
- This insurance can be purchased on an individual basis or jointly with parents, grandparents, children, grandchildren, spouses or siblings.
- Loan facility: You can take a loan after the end of the first policy year.
- Surrender Allowed: Since the annuity option involves return of purchase money, it can be canceled any time after three months from the date of expiry of the cover.
- No Cost Look Period: If the policyholder is unsatisfied with the “Terms and Conditions” the policy can be returned to the insurance company within 15 days.
- Opportunity to choose such scheme which will benefit the life of Divyangjan.
- This policy can be used after 5, 10, 15 or 20 years. Pension will start as per your instructions. LIC had increased the incentive for the purchase price earlier this month. For every Rs 1,000, the reward varies from Rs 3 to Rs 9.75. It is cost and time dependent.
- LIC New Jeevan Shanti plan requires a minimum investment of Rs 1.5 lakh. You get a minimum annual return of Rs 12,000 from the scheme. There is no upper limit on the amount you can invest in this program. An investment of at least Rs 10 lakh is necessary in a life insurance company.
