LIC Amazing Scheme: Every person has to retire sometime or the other. And wise people who know this, make big plans for retirement during their job itself so that they do not face problems later.
But most of the people are not able to do this work due to lack of money. Today we are going to tell you about a scheme where you will get guaranteed regular income and the special thing is that you will not have any hassle of depositing money on monthly or half yearly basis. You can get a huge pension by investing money just once.
LIC’s new Jeevan Shanti policy
This scheme is operated by LIC, under which regular income is guaranteed and your money also remains safe.
This plan is also known as LIC New Jeevan Shanti Policy. The special thing about this scheme is that money has to be invested only once and the pension is fixed for life.
Pension of Rs 1 lakh per year
Life Insurance Corporation of India i.e. LIC has not just one but many great policies for people of all ages. Many of its plans for retirement have been quite famous, which keep people’s financial health better after retirement and never let them face shortage of money. LIC New Jeevan Shanti Plan is also a similar scheme.
It is a single premium plan and guarantees you a regular pension once you retire through investment. Under this scheme you can get a pension of Rs 1 lakh every year. You will continue to get this pension throughout your life.
Who can avail the benefits of this scheme
Now if we talk about who can avail the benefits of this scheme, then for this pension policy of LIC, the company has fixed the age from 30 years to 79 years. In this scheme, along with guaranteed pension, various other benefits are also available.
There are two options available to buy this plan, the first of which is Deferred Annuity for Single Life and the second is Deferred Annuity for Joint Life. That means, if you want, you can invest in a single plan, or you can choose the combined option.
Know in detail what is the scheme?
This new Jeevan Shanti policy of LIC is an annuity plan and along with purchasing it, you can get your pension limit fixed in it. You will continue to get the fixed pension for the rest of your life after retirement. Excellent interest is also available on investment in this.
If you are 55 years old and invest Rs 11 lakh while purchasing LIC New Jeevan Shanti Plan, then it will be held for five years and after 60 years, you will start getting a pension of Rs 1,02,850 every year. If you want, you can take it every 6 months or even every month.
If you look at the calculation, on a single investment of Rs 11 lakh, your annual pension will be more than Rs 1 lakh, whereas if you want to take it every six months, then it will be Rs 50,365. If we calculate the pension every month, then on this much investment, a pension of Rs 8,217 will be received every month.
You will get all these benefits with pension
Point to be noted is that LIC In this policy, along with guaranteed pension, other benefits are also available. This also includes death cover.
If the holder dies during the policy term, the entire amount in his account is given to the nominee. The amount the nominee will receive on an investment of Rs 11 lakh will be Rs 12,10,000. The special thing is that you can surrender this plan anytime and invest a minimum of Rs 1.5 lakh in it. There is no maximum limit.
Disclaimer: The information given here shares a general information only. Use this information with your discretion. Our aim is not to put any kind of pressure on you, this article is just an information.
