If you are looking for a good option to invest in a scheme. So we will tell you about such a scheme of LIC, which will be a source of income after your retirement.
LIC New Jeevan Shanti Yojana in Hindi: If you are looking for a good option to invest in a scheme . So we will tell you about such a plan of LIC, which will be the source of income after your retirement. The name of this LIC scheme (LIC Yojana) is New Jeevan Shanti Yojana. By investing in this scheme, you will get lifelong pension facility after retirement.
LIC’s New Jeevan Shanti Scheme is an annuity plan. While taking this, the amount of your pension will be fixed. Which you will get the facility of pension every month.
LIC has increased the annuity rates for New Jeevan Shanti Scheme. LIC has increased the incentive for Hire Purchase Price. It ranges from Rs 3 to Rs 9.75 or Rs 1000 depending on the purchase price and deferment period selected.
Meet 2 options
You get two types of options in LIC’s New Jeevan Shanti plan. In this, the first option is Deferred Annuity for Single Life and the second is Deferred Annuity for Joint Life. In the first option one can buy a pension plan for the member.
On the death of one, the other will get pension
In the second option, after the death of the policyholder, the amount deposited in his account will be received by his nominee. If the policyholder survives. So he will start getting pension after a time. If any one person dies in the option of Deferred Annuity for Joint Life. So in such a situation others will get the benefit of pension. The money that remains of the policy after the death of both the persons. It is given to the Nominee.
Know the method of payment
The mode of payment in LIC’s New Jeevan Shanti plan is half-yearly, quarterly and monthly. Annuity payment will be after one year, 6 months, 3 months, 1 month from the date of vesting of annuity. It depends on whether the mode of annuity payment is yearly, half-yearly, quarterly or not. Guaranteed annuity rates are guaranteed to the policyholder at the starting of the plan and the annuity is payable when the deferred period is over.
Know the highlights of the plan
- The minimum plan price of this scheme is Rs 1.5 lakh.
- You can invest at least Rs 1.5 lakh in this scheme.
- There is no limit on the maximum investment in this scheme.
- You will be able to get the pension on the basis of 6 months, 3 months or monthly as per your requirement. If you invest Rs 1.5 lakh then you get a pension of Rs 1000 every month for life.
- You will continue to get a pension of Rs 12,000 throughout the year.