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LIC Scheme: LIC Scheme.. One time payment is enough.. Every month Rs. 10 thousand.. how?

Samayam | April 26, 2024 11:13 AM CST

LIC New Jeevan Shanti 858 Plan: One hears the saying that one should fix the house while there is a lamp. That means saving and investing should be practiced....

LIC Premium Payment: Even in old age we need regular income to meet our basic needs. In order to be financially independent after retirement, it is necessary to invest early. Currently there are many schemes available to invest lump sum amounts at once. That means if you invest once now, you can receive money every month. One can invest in stock markets, mutual funds, Ulips, NPS, bank fixed deposits etc. There are also many pension policies offered by Life Insurance Corporation. Above all, it can be said that LIC New Jeevan Shanti Scheme is a good option. If you invest in this scheme first.. Every month after retirement Rs. You can earn more than 10 thousand. Let's see the features and other details of this scheme.

LIC New Jeevan Shanti Scheme is an individual, single premium, non-linked, non-participating deferred annuity plan. The scheme has single life annuity and deferred joint life annuity options for policyholders. The annuity rates are guaranteed at the beginning of the policy. An annuity is paid to the beneficiary for life after the deferment period is over.

This scheme is a type of insurance plan. Even if the policyholders die..even if they are alive..the benefits are guaranteed. These do not change with age. Depending on the annuity plan you choose, the policyholders will decide the amount they will receive. What are the additional benefits based on the company's profits?

>> In this LIC Jeevan Shanti scheme you can pay single premium in advance and receive regular payments in the form of annuity payments. These payments can be availed in 2 ways depending on your needs. One can choose between single life annuity or joint life annuity options.

>> A single-life annuity makes payments as long as the policyholder lives. If you opt for a joint life annuity plan, the pension will come as long as both you and your life partner are alive. Provides financial support to dependent family members.

>> Policyholders can decide when they can receive this money. You can choose to receive it every month or every 3 months, or 6 months, or once a year. Flexibility depends on your preferences and financial needs. If something unfortunate happens to the policy holders, the nominees can get benefits with various options.

>> The minimum eligible age to opt for this plan should be 30 years. Above 79 years old are not eligible. Of this at least Rs. 1.5 lakhs should be invested. The monthly pension received through this scheme depends on the policy holder's age, investment amount and installment period. For example, if you buy this plan at the age of 30 and postpone the annuity payments for 12 years, the annual pension from the 13th year will be Rs. 1,32,920 will be. If you choose this per month.. then per month Rs. More than 10 thousand will come to hand.