Top News

It is said that for a secure future, one should develop the habit of saving from now on. This is also important so that there is no financial problem after retirement. If you invest in the right place then you can get better returns. In such a situation, LIC's Jeevan Shanti Scheme can be a better option. In this, you can invest once and avail pension facility immediately. If you want, you can take it later. Let us understand its complete calculation.

In this scheme, you get guaranteed security along with better returns. Besides this, you will also get the benefit of life insurance. This will secure your future. You can decide the amount of investment in this scheme as per your choice since there is no maximum limit on it. However, the minimum amount should be Rs 1.5 lakh. So what is this scheme and how can you invest in it, know the process.

What is the Jeevan Shanti Scheme-
This is a single premium scheme, that is, you can avail the benefits of this scheme by paying the purchase price in one go. In return, LIC will keep paying you a regular amount at fixed intervals throughout your life. You can take this amount monthly, quarterly, half-yearly, or annually. This regular payment amount is called an annuity. In this scheme, you will get two options, the first immediate annuity, and the second a deferred annuity.

Difference between immediate and deferred annuity-
In an immediate annuity, the investor starts getting payment immediately. If you buy the plan by paying a single payment you start getting paid as per the chosen payment tenure. If you have selected monthly payment, you will get the annuity payment from the first month onwards. Whereas in deferred annuity, if you invest in the scheme by paying a single premium, you can get payment after a certain number of years. This option is better for those who want to make their old age secure by investing at a young age. Apart from this, to get detailed information related to the scheme, you can visit the official website of LIC or contact the branch.

Who can invest-
In this scheme of LIC, you can start a pension after 5, 10, 15, or 20 years. If you want, you can also avail the pension facility immediately. Whoever is taking this policy must be at least 30 years of age. It is necessary to invest at least Rs 1.5 lakh in Jeevan Shanti Scheme. There is no maximum limit for investing in this.

How to get a pension-
If you invest Rs 15 lakh in this scheme and invest it for 20 years, then you can get a pension of up to Rs 26 thousand every month. If you want to take it annually then it will be around Rs 3.12 lakh. The death benefit is also available in this scheme. On the death of the investor, his family and nominee are given a pension along with other benefits.

Follow our Whatsapp Channel for latest update

https://whatsapp.com/channel/0029VaBgLMfGU3BO99EQv62t