LIC SCHEME: Everyone tries to live a comfortable life after retirement. Everyone wants security for their future. For this, the country’s largest insurance company, LIC, is helping people. LIC is securing the old age of people through the New Jeevan Shanti Yojana. Let us tell you that this is a type of annuity plan. In this, you can invest together and avail a pension for your whole life. The special thing about this scheme is that after investing in it, you are guaranteed a pension. In this, future planning can be quite easy. By the way, this scheme is very special for those people who want a regular income in old age.
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Know about LIC’s scheme
Talking about the LIC New Jeevan Shanti Scheme, in this, you have to pay a premium only once; after this, you will get the benefit of a pension for the whole life. On the other hand, talking about pension, you can avail it on a monthly, quarterly, half-yearly, and annual basis. For example, if you invest money at a fixed time, then you can get a pension of up to 1 lakh rupees every year after retirement. However, this scheme is beneficial for those people who want to remain stable in old age without any financial stress.
How much can you invest?
LIC New Jeevan Shanti Scheme is a single premium scheme. In this, you have to invest only once, and then you can get the benefit of a lifetime pension. The minimum investment in this is about one and a half lakh rupees. At the same time, there is no limit to the maximum investment. This means that whatever you invest in this, the more pension you will get. People from 30 to 79 years can avail the benefits of this scheme.
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How much money will you get after investing for 5 years?
There are two options available in this scheme of LIC, which include also Deferred Annuity for Single Life. In which only one person is given the benefit of a pension, and the second is a Deferred Annuity for Joint Life, in which the partners get the benefit of the pension. If the partner dies in the joint policy, then the nominee receives the entire amount. For example, if you invest Rs 11 lakh at the age of 55, then after 5 years, i.e., at the age of 60, you get the benefit of a pension of Rs 102850 every year.