After retirement, there will be no problem with money, LIC introduced a wonderful policy
Newz Fast, New Delhi: By investing in this scheme, you can easily maintain old age expenses. The name of this scheme is 'Jeevan Shanti Policy'. Once you invest in this policy, you will get a pension with a lifetime guarantee.
The country's largest insurance company LIC keeps on coming up with various schemes for the people from time to time. In this sequence, now LIC has come up with a great scheme to secure old age.
By investing in this scheme, you can easily maintain old age expenses. The name of this scheme is 'Jeevan Shanti Policy'. Once you invest in this policy, you will get a pension with a lifetime guarantee.
What is Jeevan Shanti Scheme
Jeevan Shanti policy is similar to LIC's old plan Jeevan Lakshya plan. In this you get two options. The first is Immediate Annuity and the second is Deferred Annuity. This is a single premium plan.
The facility of pension starts immediately after taking the policy under the first i.e. Immediate Annuity. In the same second i.e. deferred annuity, pension facility is available after 5, 10, 15, 20 years of taking the policy. If you want, you can start your pension immediately.
Pension will be like this
The amount of pension under Jeevan Shanti policy is not fixed, you will get pension according to your investment, age and deferment period.
Note that the longer the period between investment and the commencement of pension, the more you will get the pension. LIC gives you pension according to the percentage of your investment.
Know who will benefit
The benefit of LIC Jeevan Shanti Scheme can be availed by individuals of minimum 30 years and maximum 85 years. Apart from this, a loan can be taken in this scheme after one year from the start of pension. If you want to surrender the policy, you can do so after 3 months.