LIC New Jeevan Shanti Scheme: Invest once in this scheme and get lifetime of benefits

The country's largest insurance company Life Insurance Corporation of India (LIC) has several plans for people of every age group. The retirement plans of the LIC are particularly popular.

Investing in such schemes of LIC will end the stress of old age pension. One such scheme is LIC Jeevan Shanti 'LIC New Jeevan Shanti' scheme. This scheme will not let you run out of money after retirement.

New Jeevan Shanti (LIC) Yojana is also included in LIC's pension schemes. This scheme guarantees you a lifetime pension after retirement. LIC's New Jeevan Shanti Yojana is an annuity scheme and your pension can also be fixed while taking it.

There is no maximum investment limit in LIC New Jeevan Shanti Yojana. A minimum investment of Rs 1.5 lakh has been fixed to avail this scheme. Age limit under this scheme has been fixed from 30 years to 79 years.

There is no maximum investment limit in LIC New Jeevan Shanti Yojana. A minimum investment of Rs 1.5 lakh has been fixed to avail this scheme. Age limit under this scheme has been fixed from 30 years to 79 years.

Anyone in this age group can purchase this plan. This plan can be purchased in two options. The first option is Deferred Annuity for Single Life and the second scheme is Deferred Annuity for Joint Life.

Talking about the annuity received by purchasing this plan, the policyholder continues to receive pension throughout his life. But if the policyholder dies due to any reason and has deferred annuity for single life, the person pays to the given nominee.

On the other hand, a joint life deferred annuity is taken and if one dies, the other gets pension. On the other hand, after the death of both the persons, all the money is paid to the nominee.

You can surrender anytime after purchasing this pension plan of LIC. Apart from this, you can also opt to receive pension at desired intervals after a one-time investment. That is, you can take your pension every month, or if you want inUnder this single premium plan of LIC, if you invest at least Rs 1.5 lakh, your pension will be fixed at Rs 1000. On the other hand, in case of deferred annuity for single life if you increase the one time investment up to 10 lakhs, your monthly pension will be 11,19 three months.

Under this single premium plan of LIC, if you invest at least Rs 1.5 lakh, your pension will be fixed at Rs 1000. On the other hand, in case of deferred annuity for single life if you increase the one time investment up to 10 lakhs, your monthly pension will be 11,19.