Imagine a world where you invest just once and receive a pension for life. It sounds like a dream, but with the Life Insurance Corporation of India’s (LIC) revolutionary New Jeevan Shanti Plan, it’s a reality. In today’s world, everyone aims to secure their financial future, especially during retirement. To address this concern, LIC offers numerous plans that guarantee lifelong pensions, and the New Jeevan Shanti Plan stands out. This policy guarantees a regular pension for life with a single investment.
LIC’s retirement plans cater to all age groups and have gained immense popularity due to their reliability and attractive returns. The New Jeevan Shanti Plan is a single premium scheme, meaning you invest once and enjoy a regular pension for the rest of your life. For example, a 55-year-old investing ₹11 lakh can receive an annual pension of ₹1,02,850 starting at age 60. This amount can be received annually, semi-annually, or monthly, depending on the investor’s preference. The policy is available to individuals aged 30 to 79 and offers two options: Deferred Annuity for Single Life and Deferred Annuity for Joint Life. This flexibility allows investors to choose between a solo plan or a combined option with a partner.
Beyond the guaranteed pension, the New Jeevan Shanti Plan offers additional benefits. It includes death cover, ensuring that if the policyholder passes away, the nominee receives the entire deposit amount. For example, on an investment of ₹11 lakh, the nominee would get ₹12,10,000. The policy is also flexible, allowing surrender at any time and a minimum investment of ₹1.5 lakh with no maximum limit. This plan not only secures your financial future but also offers peace of mind with its guaranteed returns and comprehensive benefits. With LIC’s New Jeevan Shanti Policy, financial stability after retirement is just a one-time investment away.
