LIC New Jeevan Shanti Policy: After retirement, the source of income of all the people ends, but the expenses of ordinary life still remain. In such a situation, there is no shortage of money after retirement, so people like to invest in different types of pension schemes. Life Insurance Corporation of India ie LIC keeps on coming up with many different types of pension plans. The pension plan we are telling you about today is LIC’s New Jeevan Shanti Plan. It is an annuity plan i.e. the amount of pension is fixed at the time of purchase.
What is ‘New Jeevan Shanti Scheme’?
‘New Jeevan Shanti Scheme’ is a non-linked, non-participating, individual, single premium, deferred annuity plan from LIC. In these plans, you get two types of options on annuity. You have to deposit a lump sum amount while buying this policy. After this, you start getting pension on a fixed period.
You can invest in this in two ways
You can choose two types of options under this scheme. The first option is Deferred annuity for single life. While the other Deferred annuity for Joint Life. In the first option, you can buy a pension scheme for one person. In Deferred Annuity for Single Life, when a policyholder dies, the money deposited in his account will be received by the nominee. On the other hand, if the policyholder survives, then he will start getting pension after a time. In Deferred Annuity for Joint Life, if one person dies, then the other gets the facility of pension. At the same time, the money that remains of the policy after the death of both the persons is given to the nominee.
Know the details of investment and pension here-
The minimum purchase price of New Jeevan Shanti Scheme (LIC New Jeevan Shanti Plan Benefits) is Rs 1.5 lakh. That is, you have to invest at least 1.5 lakh rupees. At the same time, no limit has been fixed on the maximum investment. You can get pension on yearly, 6 months, 3 months or monthly basis as per your requirement. If you invest Rs 1.5 lakh, you get a monthly pension of Rs 1,000. On the basis of annual basis, pension of Rs 12,000 will be received.
Eligibility to buy the policy-
You can buy this policy for a deferment period of 1 year to 12 years. To buy this policy, your age has been kept from 30 to 79 years. You can get the benefit of pension i.e. annuity benefit from 31 to 80 years. If a policyholder dies, his nominee will get the benefit of debt benefit. If you do not like it after purchasing the policy, then you can surrender it. Along with this, you can also get a loan against the policy.
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