LIC will get pension in this special scheme throughout its life, this way can take full advantage
LIC Jeevan Shanti Plan: Jeevan Shanti Policy of Life Insurance Corporation of India (LIC) is an ambitious plan. In LIC Jeevan Shanti Policy (LIC JSP Scheme 2020), the policyholder (LIC Policy) gets a good option to secure the future. Please tell that LIC (LIC Plan 2020) is the most trusted insurance company in the country. So your investment is completely safe, as it is a government-run company. Also, investing in LIC gives customers many advantages in future. Explain that LIC offers a variety of schemes to customers. Jeevan Shanti Scheme for Pension is one of the best scheme of LIC. In this scheme, two options can be selected, one can opt for pension immediately and the other is the annual option. By investing in this policy, a person can get monthly pension for life.
Two options remain
In the LIC Jeevan Shanti Policy, the policyholder has two options. One option is the intermediate second deferred annuity. While intermediate means the receipt of pension soon after taking the policy, the deferred annuity has some time after taking the policy like 5, 10, 15, 20 years.
Who can apply (LIC Jeevan Shanti Plan Eligibility)
For applying in this scheme, the age of the person should be from 30 to 85 years. The minimum sum assured in this policy is Rs 1,50,000. At the same time, there is no maximum limit. For example, if a person pays a single premium of Rs 916200, then he will get a monthly pension of Rs 4335 every month. This pension will be received as long as the policy holder survives.
Benefits of the scheme
Under LIC Jeevan Shanti Policy, customers get many benefits. The special thing is that one has to invest only once in this scheme and the investor has a guaranteed income throughout his life. In this plan, the customer gets the opportunity to choose nine different annuity options according to his needs and circumstances. Annuity rates are guaranteed from the beginning of the policy. Customers can opt for an intermediate annuity to start an immediate pension or a deferred annuity to start later.
How to apply (How to apply for LIC Jeevan Shanti Plan)
LIC Jeevan Shanti policy can be purchased offline and online, the policy can be taken by the policy LIC for a minimum of 30 years and maximum 85 years. Explain that loan in Jeevan Shanti Plan can be done after 1 year of starting pension and it can be surrendered, 3 months after starting of pension. In addition to this, annual rates will be guaranteed while taking the policy for both immediate and deferred annuity options. Detailed information related to the scheme can be obtained from the official website www.licindia.in/Home/jeevan-shanti.