Utility News Desk !!! Many schemes are going on to get people away from concern for old age expenses. One of these schemes is the life peace plan policy of Jeevan Insurance Corporation (LIC), the country’s largest insurance company. In this scheme, investors ie policyholders get pension throughout their life. If for some reason the policyholder dies and the nominee gets money in his account.
Retirement schemes are very popular in the Life Insurance Corporation of India (LIC), which helps in removing pension concern in old age. The LIC Jeevan Shanti Yojana helps you to avoid financial crisis after retirement. The best thing about this scheme is that the investor will have to invest only once.
Features of new life peace plan
This scheme of LIC guarantees lifelong pension to the investor after retirement. In this, investors invest together keeping in mind the financial needs in old age. After which they get a fixed amount of pension every month after a fixed time.
The minimum investment amount in this scheme is Rs 1.5 lakh. The age limit in this scheme is 30 to 79 years. Investment options are available in this scheme. The first is the visible annuity to a single life, and the second is the decorated annuity for joint life.
Thus annuity plans work
Like the adjourned annuity for a single life plan, the policy holder gets pension for his entire life, but if for some reason he dies and the money deposited in his account is handed over to the designated person specified in the documents.
If one person has a adjourned annuity plan for a joint life, the other person gets pension facility after his death. If both people die, then the nominee gets the entire money.
Pension option and dedication facility
Another specialty of this pension plan of LIC is that you can also surrender after purchasing it. Apart from this, you also have the option to increase your pension. In this, you can opt for monthly, three, six months or annual pension.
You will get so much money on investing in pension!
Under this single premium scheme of LIC, if you invest a minimum of Rs 1.5 lakh, then your pension is fixed at Rs 1,000. When you choose a single life plan with a five-year lock-in period in a deferred annuity of the rupee. If you are 10 lakhs, then your monthly pension will be Rs. 11,192 is scheduled.
