Everyone wants to save a part of their earnings and invest it in a place where his money is not only safe, but also got great returns on it. In today’s time there are many investment options – ranging from Sheer market to mutual funds. But when it comes to safe and reliable investment, people first turn to government schemes and insurance companies.
India’s largest insurance company LIC (Life Insurance Corporation of India) comes from time to time that not only gives returns to investors, but also ensure future financial security. Today we are telling you about a special scheme of LIC, which is named – LIC New Jeevan Shanti Plan. This scheme is especially for those who want regular income even after retirement and want to remain financially self -sufficient.
What is LIC New Jeevan Shanti Plan?
This plan of LIC is an annuity scheme, which means that after investing in it, you get regular pension after a fixed time. This is a single premium policy, that is, you have to invest only once and in return you get a guaranteed pension throughout life.
The age to take this policy should be between 30 and 79 years. The special thing about this plan is that it gives you two options:
Deferred Annuity for Single Life – In this, the policyholder gets a lifetime pension.
Deferred Annuity for Joint Life-In this, two people (such as husband and wife) jointly get a lifetime pension.
How much investment and how much pension?
The minimum investment amount in this scheme is Rs 1.5 lakh. There is no maximum investment limit. The biggest strength of this plan is that after investment, the policyholder fully knows how much pension they will get and how long they will get.
For example, if a person invests a lump sum of Rs 11 lakh in this scheme at the age of 55, then he starts getting pension after five years. On this investment, he gets about Rs 1,01,880 annually, Rs 49,911 on half -half -yearly, and Rs 8,149 on a monthly basis.
More special things about the scheme
Safe investment: LIC is a government institution, so investment in it is considered completely safe.
Surrender option: If for some reason you have to close the investment in the middle, then the surrender facility is also available in this scheme.
Security to the nominee: If the policyholder dies, the entire deposit is given to his nominee. That is, this scheme works not only for you but also for the safety of your family.
Favorable interest rate: In the past, LIC has increased the annuity rates available in the scheme, which is providing better returns to investors than before.
For whom is this scheme?
Those who are planning retirement.
Those who want a plan for safe, guaranteed and regular income.
A person between the age of 30 to 79, who wants financial freedom throughout his life by investing in a lump sum.
conclusion
LIC New Jeevan Shanti Plan is an excellent option for those who want to make their future financially safe without any risk. This scheme not only gives guaranteed pension, but it also gives your investment a strong safety shield. If you also want to sleep peacefully after retirement, then this plan can prove to be ideal for you.
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