Life Insurance Corporation of India (LIC) is considered as one of the most trusted insurance companies in the country. People trust this government-run company as there is very little scope to risk due to government intervention. India's most trusted insurance company LIC keeps on bringing special schemes for its customers from time to time. LIC has different policies which are designed keeping different needs of people in mind.
From poor to rich all are associated with LIC
If we start investing in LIC by saving a little bit today, we can strengthen our tomorrow financially. LIC has many policies like this, but today we will tell you about the Jeevan Shanti Policy, which removes the worry of pension. The pension can be availed immediately by making a lump sum investment in it.
For those people who are worried about pension planning in future, this policy is the best option for them.
By depositing a lump sum in it, you can get pension after retirement.
What are the two options for pension?
Actually, while taking the policy, the policyholder has two options regarding pension.First is intermediate and the second is deferred annuity.
Immediate means that you start taking pension soon after taking the policy. At the same time, deferred annuity means that you start taking pension some time (5, 10, 15, 20 years) after taking the policy. In the intermediate policy, you get 7 types of options. At the same time, two options are available in Defford. With this policy, customers also get the facility of loan. Also, you can surrender it anytime after 3 months.
If you invest a lump sum of Rs 1527000 in this policy and choose the intermediate option, then you will get a pension of Rs 7550 every month.
Who can Apply for it?
You must be at least 30 years old to take the policy. At the same time, if the pension is needed immediately, then the maximum age should be 85 years. The maximum age for the difference plan should be 79 years.
Benefits of LIC's Jeevan Shanti Policy
In this plan of LIC, you have to invest only once and your guaranteed income will continue throughout your life. You can also take the policy jointly with your parents or siblings. Apart from this, customers can select annuity options according to their needs and circumstances. This is a single premium plan, where once you invest, you will start getting pension, which will get life.
