Everyone wants to save some of their earnings and invest in such a place where their money is completely safe and also got great returns on investment. In today’s time there are many investment options in the market, but there are very few of them who provide the best balance of both safety and returns. Today we are going to tell you about a special scheme of LIC, India’s largest insurance company, which can make your retirement safe and financially. The scheme is named LIC New Jeevan Shanti Plan, which is a pension -based annuity plan.
What is LIC New Jeevan Shanti Plan?
LIC New Jeevan Shanti Plan is an annuity plan, in which you can invest a lump sum amount and in return you get pension at fixed intervals. This plan is specially designed for those who are looking for regular income after retirement. Any person between 34 to 79 years of age can invest in this scheme. The main objective of this scheme is to provide a safe and stable retirement income to investors.
Two options are available in the plan
LIC gives you two options in this scheme:
Deford Annuity for Single Life: In this, only investors get a lifetime pension.
Deford Annuity for Jint Life: In this, both the investor and his spouse get pension. If one dies, the other person keeps receiving pension.
In both these options, investors can choose the option according to their convenience and family needs.
Calculation of pension and interest
Under this plan, if a person invests it at the age of 55 and deposits Rs 11 lakh lump sum, then after five years he starts getting pension of up to ₹ 1,01,880 annually.
Half Pension: ₹ 49,911
Monthly Pension: ₹ 8,149
In this, the pension amount depends on your deposited capital and selected annuity option. Interest rates in this scheme vary from time to time, but recently these rates have been increased, which is giving more benefits to investors.
Minimum and maximum investment
The minimum investment amount in this scheme is ₹ 1.5 lakh.
There is no maximum investment limit.
At any time you can surrender this plan, which makes this plan more flexible.
If the investor dies, the entire deposit is transferred to the nominee.
Why choose LIC New Jeevan Shanti Plan?
Regular pension guaranteed for lifetime
Managed by safe and government insurance company
Nominee to the entire amount under Death Benefit
Surrender and loan facility available
A trusted option in retirement schemes
conclusion
If you also want to make your retirement financially safe and want you to depend on anyone in old age, LIC New Jeevan Shanti Plan can be a great option for you. This plan not only provides you sure pension, but also gives complete protection to your deposit capital. So take the right decision in time and make your future safe.