LIC New Jeevan Shanti Scheme: After crossing the age of 40-50, the worry of old age starts troubling everyone, especially those people who have financial constraints. Because it is very difficult to live without pension after retirement, therefore every employed person should do retirement planning as soon as possible. In this case, the retirement plan of Life Insurance Corporation of India New Jeevan Shanti is very popular.
The biggest feature of this plan of LIC specially prepared for pension is that it has to be deposited only once and after retirement, pension will be available for life. The plan number of LIC’s New Jeevan Shanti Yojana is 858. Let us know the features and terms and conditions of this scheme.
While buying the plan, choose from when you want pension.
Due to some reason one has to take premature retirement in the job, in such a situation the source of income ends. Keeping this type of problem in mind, LIC’s New Jeevan Shanti Plan has been prepared. This is a deferred annuity plan, which you can fix the pension amount at the time of taking it. After a regular interval of at least one year, you start getting pension every month.
Key Features of LIC New Jeevan Shanti Plan
- This is a single premium plan, which means you have to invest only once.
- Deferred Annuity Plan (option to get pension after a period of 1 to 12 years after making the investment)
- Option to receive pension amount yearly, half-yearly, quarterly and monthly
- Monthly pension of more than Rs 11000 is available on investment of 10 lakhs
- Interest from 6.81 to 14.62% in this plan
- Facility to get pension in both single life and joint life
Minimum and maximum age of entry
Any person between 30 years to 79 years can invest in this plan. The special thing is that you can surrender this plan anytime. There is no maximum investment limit in this. If the policyholder dies during this period, the money deposited in his account along with some additional amount will be given to the nominee. Please tell that there is no risk cover in this plan.
Investment advisor Sweety Manoj Jain says that due to loss of employment during the Corona epidemic, many people had to face financial difficulties, as the income had ended at that time. Such problems can come at any time in life, so it is important that every person invests in such pension plans, so that they do not have to face financial crunch in difficult times.
