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Investment plan: Many people are now thinking about the future and turning to investment. Everyone wants to do a lot of planning for their retirement along with the job, but due to lack of money most people are not able to do so. Today people are more active in mutual fund investment in retirement plan and invest a part of their earnings.

Since this mutual fund scheme is linked to the market, the risk is high in it. But today we are going to tell you about a plan in which you get a guarantee of regular income and you do not have to deposit money on a monthly or half-yearly basis. By investing money once, you can get a hefty pension.

Know what is New Jeevan Shanti Yojana

This scheme is run by LIC, under which regular income is guaranteed and your money is also safe. This scheme is called LIC New Jeevan Shanti Yojana. The special thing about this scheme is that you have to invest once and you will keep getting pension throughout your life.

LIC has not one but many great policies for people of all ages. There are many popular retirement plans, which can help people maintain a good financial position after retirement and never run out of money. LIC Naveen Jeevan Shanti Plan is also one such plan. This is a single premium plan and guarantees regular pension after retirement through lump sum investment. Under this plan, you can get a pension of Rs 1 lakh per year. You will get this pension for life.

What is special in the plan

The company has fixed the age limit for this pension policy from 30 years to 79 years. Apart from guaranteed pension, all other benefits are also provided in this plan. There are two options to buy this plan, first is deferred annuity for single life and second is deferred annuity for joint life. That is, if you want, you can invest in a single plan or if you want, you can choose the combined option.

Let us now see how you can get an annual pension of Rs 1,00,000 after investing once in this new Jeevan Shanti plan of LIC. As mentioned, this is an annuity plan and by purchasing it, you can decide your pension limit in it. After retirement, you will continue to get a fixed pension throughout your life. Along with this, you also get good interest on investment.

Can be availed every month also

Talking about pension, if a 55-year-old person invests Rs 11 lakh while buying LIC New Jeevan Shanti Yojana, it will last for five years and after 60 years he will start getting a pension of Rs 1,02,850 per year. If you want, you can take this amount in six months or even every month.

If you want to take this amount every six months, then on an investment of Rs 11 lakh, you get an annual pension of more than Rs 1 lakh, so if you want to take it every six months, it will be Rs 50,365. If the pension is calculated every month, then a pension of Rs 8,217 per month will be assured on this investment.

What other benefits?

LIC's New Jeevan Shanti Plan provides death cover along with guaranteed pension. If the policyholder dies during this period, the entire amount in his account is paid to the nominee. On an investment of Rs 11 lakh, the nominee will get Rs 12,10,000. The interesting thing is that you can surrender this plan anytime. You can invest a minimum of Rs 1.5 lakh in it, but there is no upper limit.