LIC New Scheme: After retirement, often all people’s means of earning ends, but the expenses of common life still remain.
LIC New Jeevan Shanti Policy: If you invest in LIC schemes, then this scheme of LIC can prove to be very helpful for you. Because LIC’s New Jeevan Shanti has been updated with higher annuity rate. Along with this, the purchase price incentive has also been increased. If you want a fixed pension, then LIC Jeevan Shanti can be a great option for you. People who are going to retire early can get good returns by investing in this pension scheme. And you will not have to spread your hands in front of anyone. Because after retirement, the means of earning often ends for all people, but the expenses of common life still remain.
In such a situation, there is no shortage of money after retirement, so people prefer to invest in different types of pension schemes. Let us tell you that Life Insurance Corporation of India ie LIC keeps coming up with different types of pension plans. LIC’s New Jeevan Shanti Scheme (LIC New Jeevan Shanti Scheme) is an annuity plan, that is, the amount of pension is fixed while buying it. How much pension will you get. Let us tell you that New Jeevan Shanti Scheme is a non-linked, non-participating, individual, single premium, deferred annuity plan of LIC.
LIC’s New Jeevan Shanti is a single-premium plan. In this you have to make money only once. And life you will continue to get pension. Under this scheme, the policyholder can choose between Single Life and Joint Life Deferred Annuity. It also provides additional benefit on death per month.
Know when you can invest
The minimum amount of annual investment in this scheme has been fixed at Rs 1,50,000. If you want to invest under LIC New Jeevan Shanti Policy, then you must be at least 30 years old and the maximum age is 79 years. This means that the minimum vesting age is 31 years and the maximum is 80 years. The scheme also provides death benefit for both the options. This will be the total annuity payable at the time of death after deducting the purchase price and additional benefits on death. It can also be 105 percent of the purchase price, whichever is higher.
Have to pay this much premium
If you want to get a pension of one lakh every month, then you will have to deposit a lump sum premium of at least Rs 10516528 for 12 years. A person can get this lump sum single premium of more than Rs 1 lakh with a deferred annuity of maximum 12 years. Explain that this can be obtained when the payment is made at the age of 30 years. This amount will remain locked-in for 12 years. After that, you will continue to receive Rs.1 lakh per month till you are alive. If unfortunately you die, your nominee will also get the death benefit.