LIC Policy: Life Insurance Company of India has launched many very unique plans for the rich. They have also designed schemes for those who want pension security. LIC’s Jeevan Shanti plan can help those who want their money to work for them.
Under Jeevan Shanti Yojana, you can get a monthly pension of more than Rs 1 lakh. Life Insurance Company of India has revised its annuity rates. Policyholders will now get more pension in return for their premium.
LIC Jeevan Shanti is intended for those who seek consistent income on a monthly, half-yearly, annual or quarterly basis. Individuals seeking early retirement can also benefit from this arrangement. Policyholders can achieve their objectives with a single premium. There is no maximum investment amount. You can pay whatever amount you want based on your monthly income.
Know- how to get lakhs of rupees
According to LIC calculator, if you want a good monthly pension, then you will have to spend a lot of money. So, if you want a monthly pension of Rs 1 lakh, you will need to invest Rs 1 crore over a period of 12 years. Your monthly compensation after 12 years will be Rs 1.06 lakh. If you invest for only ten years, you will receive a monthly pension of Rs 94,840 on maturity.
If you only need Rs 50000 monthly pension, you need to deposit Rs 50 lakh only. If you invest for a tenure of 12 years, you will receive a monthly payout of Rs 53,460. You just have to invest Rs 50 lakh.
About Jeevan Shanti Plan
LIC Jeevan Shanti Insurance is non-linked and non-participating. Under the immediate annuity option, the policyholder gets the pension as soon as the purchase price is paid. Deferred annuity plans, on the other hand, start paying the pension amount after a predetermined period of time called the deferment period.
