LIC Jeevan Shanti policy: Get 99 thousand rupees pension every month by filling lump sum amount
LIC Jeevan Shanti Pension Policy: LIC has all kinds of policies but today we will tell you about ‘Jeevan Shanti’ poli cy. It is a pension policy and provides instant pension benefits to customers.
LIC Jeevan Shanti Pension Policy: Life Insurance Corporation of India (LIC) is the most comprehensive insurance company in the country. Crores of people have invested in different policies of this company. LIC sells Term Po licy, Life Insurance, Pension, Endowment etc. plans. Customers can buy some plans online and some offline. LIC is a government-run company, so people consider it safe to invest their own hard and thick earnings. LIC has all kinds of policies but today we will tell you about ‘Jeevan Shanti’ policy. It is a pension policy and provides instant pension benefits to customers. For those people who are worried about pension planning in future, this policy can be called better.
By depositing a lump sum in it, you can get pension after retire ment. Apart from this, if you do not want this, then you can get a pension immediately, that is, you will get a pension soon after investing. The special thing is that the policyholder gets the option of getting instant pension in this policy. That is, your pension will start immediately after filling the premium. It is mandatory to be at least 30 years of age to invest in it. At the same time, the maximum age of the policy holder should be 85 years to get instant pension.
Under the policy, pension is to be selected through the intermediate and deferred annuity option. Immediate means that the pension is immediately after taking the policy, while the deferred annuity means payment of pension after some time (5, 10, 15, 20 years) of taking the policy. If you invest a lump sum of Rs 2 crore in this policy and choose the intermediate option, then you will get a pension of 99 thousand 500 rupees every month.
Age: 33
Sum Assured: 20000000
Lump Sum Premium: 20360000
Pension:
Annual: 1232000
Half Yearly: 606000
Quarterly: 300250
Monthly: 99500
Suppose if a person of 33 years chooses option ‘A’ i.e. pension per month. In addition, he chooses the sum assured option of Rs 20000000. So he will have to pay a lump sum premium of Rs 20360000. After this investment, he wi ll get a pension of Rs 99,500 per month. This pension will be Rs 1232000 annually, 606000 for half yearly and Rs 300250 quarterly. Pension will be received as long as the policy holder survives. At the same time, this pension will stop coming after death.
