Financial experts say that knowing how to use money is better than making it. If you invest your earned money in the right way, you can live a hassle-free life. If you invest in suitable schemes, you can lead a comfortable life even after retirement.
One can also get pension every month by making special investments for retirement plan. To be financially independent after retirement, you need to invest early. Do you know that a best scheme is also available in LIC for this purpose?
Same as LIC Jeevan Shanti Scheme. This scheme is very useful for people from all walks of life because this plan plays a very effective role in building the future. By investing money in this scheme you can get pension very easily after retirement.
LIC's new Jeevan Shanti Scheme (old defunct) is an individual, single premium, non-linked, non-participating deferred annuity plan. The scheme has single-life annuity and deferred joint-life annuity options for policyholders. Annuity rates are guaranteed at the beginning of the policy. Annuities are paid to the beneficiary for life after completion of the deferment period.
LIC's new Jeevan Shanti Scheme is a type of insurance plan. Whether the policyholders are dead or alive, the benefits are guaranteed. These do not change with age. Depending on the annuity option you choose, the policyholders will decide the amount they will receive. No additional benefits will be provided based on the company's profits.
In LIC's new Jeevan Shanti scheme, you first pay a single premium and then receive regular payments in the form of annuity payments. These payments can be availed in two ways depending on your needs. One can choose between single life annuity or joint life annuity options.
A single life annuity makes payments as long as the policyholder lives. If the joint life annuity option is chosen, the pension payments will continue for as long as both you and your partner are alive. Provides financial support to dependent family members.
LIC New Jeevan Shanti Plan minimum age is 30 years. People above 79 years are not eligible. At least Rs 1.5 lakh should be invested in this. The monthly pension received through this scheme depends on the age of the policyholder, the amount invested and the installment period.
If you buy the plan at the age of 30 and defer the annuity payments for 12 years, the annual pension will be Rs.1,32,920. That means more than Rs.10 thousand per month.
