LIC Jeevan Shanti Policy:- As you know that LIC keeps on bringing policies for the better life of the people. Today we are going to tell you about LIC’s new Jeevan Shanti policy, in which you will get lifelong pension after retirement. In this new plan of 2023, you can earn more profit in limited investment. Insurance Corporation of India has revised the rates for its new Jeevan Shanti plan. Under this, the policy holders applying for this scheme from January 5 will now get the benefit of higher interest.
Benefits of LIC Jeevan Shanti Policy
LIC also informed that it has also increased the purchase price for this plan. Policyholders can get incentives ranging from Rs 3 to Rs 9.75 on purchase value of Rs 1000. This incentive purchase price is based on the selected term. Earlier in the month, LIC had increased the incentive for the purchase price. This incentive ranges from Rs 3 to Rs 9.75 per thousand and its value depends on the tenure.
How to buy policy
You can buy this policy both offline and online. This Jeevan Shanti policy is an annual plan. In which the person as well as his family will also get benefited. Anyone between the age of 30 to 79 years can buy this policy. Its minimum purchase price is 1.5 lakhs which means at least you have to invest 1.5 lakhs in it. Also, if you do not like the policy after purchasing it, you can surrender it anytime. Apart from this, you can also take a loan on the basis of this policy.
As per this plan, if you buy a policy of Rs 10 lakh in deferred annuity position for single life, you will get a monthly pension of ₹ 11,192. Talking about the life of the committee, the monthly pension in case of deferred annuity will be ₹ 10,576.
Benefits of Jeevan Shanti Policy
- This plan of LIC provides death benefit i.e. if the person investing dies then his family and nominee will be given various benefits along with pension.
- In this plan, you will be given two options, the first is Immediate Annuity and the second is Deferred Annuity. In an immediate annuity the investor gets the payout immediately, whereas in a deferred annuity you invest in the plan by paying a single premium, and then you get the payout after some six years.
- You have to invest at least Rs 1.5 lakh in this scheme. The maximum investment limit is not fixed.
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