This scheme is operated by LIC, under which regular income is guaranteed and your money is also safe. This scheme is also known as LIC New Jeevan Shanti Policy.
Every person wants to do big planning for his retirement during the job itself, but most people are unable to do this due to lack of money. In today’s time, people are more active about Mutual Fund Investment in retirement plans and are investing a part of their earnings. However, this scheme can be risky due to being linked to the market. But today we are going to tell you about such a scheme, where you will get guaranteed regular income and will not have to deposit money every month or half-yearly basis. You can get a hefty pension by investing money only once.
This scheme is operated by LIC, under which regular income is guaranteed and your money is also safe. This scheme is also known as LIC New Jeevan Shanti Policy. The special thing about this scheme is that money has to be invested only once and pension is confirmed for life.
Pension will be available for life
Life Insurance Corporation of India i.e. LIC has not one but many great policies for people of all ages. Many of its plans for retirement have been quite famous, which keeps the financial health of people better after retirement and never lets there be a shortage of money. LIC New Jeevan Shanti Plan is also a similar scheme. It is a single premium plan and guarantees you regular pension after retirement through a one-time investment. Under this scheme, you can get a pension of Rs 1 lakh every year. You will continue to get this pension throughout your life.
Who can take this policy?
For this pension policy of LIC, the company has fixed the age from 30 years to 79 years. In this scheme, along with guaranteed pension, many other benefits are also available. There are two options available to buy this plan, the first of which is Deferred Annuity for Single Life and the second is Deferred Annuity for Joint Life. That is, if you want, you can invest in a single plan, or if you want, you can choose the combined option.
How to get pension of Rs 1 lakh?
This New Jeevan Shanti Policy of LIC is an annuity plan and with its purchase, you can fix your pension limit in it. You will continue to get the fixed pension throughout your life after retirement. You also get great interest on investment in it. If you are 55 years old and invest Rs 11 lakh while buying LIC New Jeevan Shanti plan, then it will be held for five years and after 60 years you will start getting a pension of Rs 1,02,850 every year. If you want, you can take it in 6 months or even every month.
