News India Live, Digital Desk: After retirement, salary stops, but expenses continue. In such a situation, the biggest problem is for those who do private jobs or their small business, because they have no facility like government pension. Keeping this problem in mind, the new life peace plan of LIC (Life Insurance Corporation of India) can be a better solution. This plan ensures a lifetime fixed pension after your retirement.
What is LIC New Jeevan Shanti Plan?
LIC New Jeevan Shanti is a single premium plan. This means that you have to invest only once in this scheme, and then regular pension will continue to be received throughout life. The minimum amount of investment in this scheme is ₹ 1.50 lakh, while there is no limit for maximum investment. The large amount of money you invest, the higher the pension you get.
Investment Terms and Age Limit
- investment amount: Minimum ₹ 1.50 lakh, no maximum limit.
- Investment age: Minimum 30 years and maximum 79 years.
- After investing in this scheme, you start receiving the fixed amount as pension at a certain time.
How will there be a pension calculation?
Suppose you invested ₹ 11 lakhs at the age of 55. According to this, on reaching the age of 60, you will get a pension of ₹ 1,02,850 per year. If you want, you can also take this pension on a monthly, quarter, or half -yearly basis.
Special things of plan
- Lifetime guaranteed pension: Regular income after investment.
- Death benefits: On the death of the policyholder, the nominee will get the full amount with interest.
- Surrender facility: Whenever you want, you can surrender the policy, whose value will be higher than other schemes.
- Loan facility: If needed, a loan can also be taken on the basis of this policy.
For whom is this scheme beneficial?
This plan is especially useful for private sector employees, small businessmen, or people engaged in self-employment, who do not have government pension facilities. This plan ensures that after retirement your life is comfortable and anxious.
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