LIC’s Best Scheme: Invest money just once… then you get ₹1 lakh pension for life

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LIC New Jeevan Shanti Plan: If you do not want to face financial difficulties after retirement, then early investment is necessary and in this case, LIC’s New Jeevan Shanti Policy, which guarantees lifetime pension, is quite popular.

Everyone saves some amount from their earnings and plans to invest it in a place where their money is safe and they also get a strong return on their investment. In this case, the country’s largest insurance company LIC has not one but many great plans for people of all ages. LIC’s retirement plans are quite popular, which have been introduced keeping in mind financial security after retirement. One of these policies is LIC New Jeevan Shanti Plan, which is a single premium plan and once you invest, you can get a pension of up to Rs 1 lakh every year. Let’s know about this special policy…

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Invest just once and get pension for life

Everyone wants to save some amount from their income and invest it in such a place that they do not have to face any financial problem in the future or after retirement. If you too are saving with this in mind and are looking for a plan for this goal, then LIC New Jeevan Shanti Policy is for you. This policy guarantees you a regular pension after retirement through a one-time investment. That is, after a single investment made in it, you keep getting pension for life after retirement.

The age limit to avail this policy of LIC is fixed

from 30 to 79 years. Although there is no risk cover in this plan, still the benefits provided in it are making it quite popular. To buy this LIC Plan, two options are provided by the company. The first one is Deferred Annuity for Single Life and the second one is Deferred Annuity for Joint Life. This means that you can invest in a single plan if you want, or you can choose the combined option.

How to get a lifetime pension of Rs 1 lakh

LIC New Jeevan Shanti Scheme is an annuity plan and you can fix your pension limit in it as soon as you buy it. You will continue to get the fixed pension for life after retirement. It offers great interest and according to the plan, if a 55-year-old person deposits Rs 11 lakh while buying this plan and holds it for five years, then on this lump sum investment you can get a pension of more than Rs 1,01,880 annually. The amount of pension received on a six-month basis will be Rs 49,911 and the monthly pension will be Rs 8,149.

Facility to surrender the policy at any time

It is worth noting that the annuity rates for the New Jeevan Shanti Plan have also been increased by LIC in the recent past. Anyone can invest in this scheme. The special thing is that you can surrender this plan at any time and can invest a minimum of Rs 1.5 lakh in it, while there is no maximum limit for it. If the policyholder dies during this period, the entire deposit amount in his account is given to the nominee.

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