LIC Jeevan Shanti Policy: A person is always worried about his future and what kind of future he will have. Whether it is a government employee or a private job, anyone is concerned about his retirement today and thinks he should also have some support in his old age.
People often want to invest in a mutual fund or scheme but cannot find the right way. Investing in a mutual fund is a kind of gambling because nothing is fixed in it.
That is why people are afraid of investing. We have brought a scheme for you where you get a full return guarantee and a pension in your old age.
What is this scheme
LIC company has developed this scheme in which you get a guarantee of regular income and the hope of trust. The name of this scheme is LIC Jeevan Shanti Policy. In this scheme, you get lifetime benefits on a one-time investment, and your retirement worries also disappear.
When will you get your pension?
LIC has many policies available to Indian people of all ages. LIC has many plans related to retirement that are considered very good.
LIC’s Jeevan Shanti Plan is one such plan in which if you invest once, you benefit from a pension for your whole life. If you invest Rs 1 lakh regularly yearly, you will also start getting a fixed pension on retirement.
Who can apply
To invest in LIC’s Jeevan Shanti policy, you must be between 30 and 79 years old. Under this policy, along with the guarantee of retirement, many facilities are also available.
You get two options for investing in this scheme. The first is a deferred annuity for a single life, and the second is for a joint life. You can invest in whichever you want.
How can you get a pension of Rs 1 lakh?
If you invest in LIC’s Jeevan Shanti policy, then first of all, you have to invest up to a limit. When the pension amount is fixed, you get that much pension after retirement.
If you are 55 years old and you buy this policy and invest Rs 11 lakh at once, you get a pension of Rs 102850 at 60. You also get six months of flexibility to convert your investment. It is also considered valid for three months.
If you invest on a 6-month or monthly basis and want to get a pension of Rs 1 lakh, then you will have to invest Rs 50365 every six months and Rs 8217 on a monthly investment.
What will you get with a pension?
LIC’s Jeevan Shanti Yojana provides many other facilities and a pension. The most important among these is death cover.
If an investor’s policyholder dies suddenly, all the money, i.e. Rs 1210000, is deposited in the nominee’s account.
In this, you get another facility; if you stop your invested amount at any time, its minimum limit can be 1.5 lakh rupees.