LIC New Jeevan Shanti Yojana: If you are worried about your old age, then from now on you should do your retirement planning. LIC (LIC India), the country’s largest and most trusted insurance company, brings various types of plans from time to time keeping in mind every section of the society. This time LIC has come up with a great pension plan. With the help of this plan, you keep getting money in the form of pension for financial support in daily expenses after retirement. Know what is special in this plan.
What is New Jeevan Shanti Plan
There are many types of pension plans of Life Insurance Corporation of India (LIC) in the market. The name of this scheme of LIC is New Jeevan Shanti (LIC New Jeevan Shanti), its plan number. 858 is. You should take complete information before investing in it. By investing in it, you get the facility of lifelong pension after retirement.
Can get fixed pension
Even if you have to retire prematurely due to some reason in the job, there are many benefits of this plan. After retirement, people’s source of income often ends. After which every person’s burden of his daily expenses suddenly increases. LIC’s New Jeevan Shanti Scheme is an annuity plan. You can get the pension amount fixed at the time of taking it. You get the facility of pension every month.
there are two options
You get two types of options in this plan. The first option in this is Deferred Annuity for Single Life. And the other is Deferred Annuity for Joint Life. In the first option, you can buy a pension scheme for one person.
What is annuity plan
The mode of payment is half yearly, quarterly and monthly. Annuity payment will be after 1 year, 6 months, 3 months and 1 month from the date of vesting of annuity, depending on whether the mode of annuity payment is yearly, half-yearly, quarterly or not. The annuity rates are guaranteed at the inception of the policy and the annuity is payable when the deferred period is over.
Annuity rate increased from LIC
LIC has increased the annuity rates for the new Jeevan Shanti plan. LIC has increased the annuity rates from 5 January 2023. Revised version of this plan with annuity rates is available for sale in the market.
Benefits of Deferred Annuity
If a policyholder dies due to any reason, and he has Deferred Annuity for Single Life Plan, then the money deposited in his account will go to the nominee. If the policyholder survives, he will get pension. If one person dies in Deferred Annuity for Joint Life, then the other gets the facility of pension. If both the persons die, then the nominee gets all the money.
Understand like this what is the plan
- There is no maximum investment limit in this scheme.
- The minimum plan price of New Jeevan Shanti Scheme is Rs.1.5 lakh.
- You can invest at least 1.5 lakh in this plan.
- In this you will get pension on yearly, 6 months, 3 months or monthly basis as per your requirement.
- If you invest Rs 1.5 lakh, you will get a pension of Rs 1000 every month for life.
read this also
Rice Export: Government may continue the ban on export of rice, know what is the main reason
