LIC Jeevan Shanti Policy: LIC’s ‘Jeevan Shanti’ pension policy relieves customers from this tension. This policy gives future security to the common man. You will start getting pension immediately after investing only once in this policy.
If you do not want a pension immediately, you can start it even after 5, 10, 15 or 20 years. That is, the later the pension starts, the more benefit you will get. While investing, customers have two options to choose the pension. In which the first is intermediate and the second is deferred annuity. Immediate means pension immediately after investment, while deferred annuity means payment of pension after some time (5, 10, 15, 20 years).
There is a minimum sum assured of Rs 1.5 lakh and there is no limit for the maximum. The loan can be made 1 year after the commencement of the pension and 3 months after the surrender, the pension starts. In this policy, you can get a pension of 4 lakh rupees every month. You can get a pension every month immediately after depositing a lump sum. You can buy this policy online through an agent or by visiting the LIC website at home.
If you take a lump sum sum of Rs 90000000 in this policy and choose the intermediate option, then you will get a pension of Rs 454500 every month. Let’s try to understand this with an example: –
Age: 36
Sum Assured: 90000000
Lump Sum Premium: 91620000
Pension:
Annual: 5634000
Half Yearly: 2767500
Quarterly: 1373625
Monthly: 454500
Suppose if a person of 36 years chooses option ‘A’ i.e. Immediate Annuity for life (pension per month). With this, he chooses the sum assured option of Rs 90000000. So he will have to pay a lump sum premium of Rs 91620000. After this investment, he will get a pension of Rs 454500 per month. This pension will be received as long as the policyholder remains alive.
Source: www.jansatta.com
