The Life Insurance Corporation of India (LIC) has introduced a revolutionary policy, the New Jeevan Shanti Plan, that promises a guaranteed lifelong pension with a single investment. This plan caters to individuals aged 30 to 79 and offers two options: Deferred Annuity for Single Life and Deferred Annuity for Joint Life. It also includes death cover, flexibility for surrender, and a minimum investment of ₹1.5 lakh.
