LIC New Jeevan Shanti Plan: Get higher annuity rates and incentives, details here
By Lokmat English Desk | Published: January 10, 2023 03:28 PM2023-01-10T15:28:42+5:302023-01-10T15:28:42+5:30
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Life Insurance Corporation of India is the largest and leading company in the country. Crores of people in the country have taken various types of policies from LIC. Even after all these years, LIC still has a lot to offer as diversity in policies and time-based plans are the hallmarks of LIC's policies.
This is an important news for the policy holders of LIC. LIC has changed one of its policies. This benefit will be available only to those policy holders who have taken the plan on or after 5th January. LIC changed this plan through a statement.
The name of the policy changed by LIC in the plan is LIC New Jeevan Shanti Scheme Plan. LIC) has revised the annual rates for their new Jeevan Shanti Yojana. Now the policy holders can get more annual amount under this scheme.
LIC policyholders can get an incentive of Rs 3 to Rs 9.75 on a purchase price of Rs 1,000. The incentive is based on the purchase price and the fixed term period chosen. After retirement, people's means of earning ends. But the cost of living in general continues to rise.
New Jeevan Shanti Yojana of LIC is an annual plan. That is, while taking it, your pension amount is fixed. In this you will get the facility of pension every month. This is a single premium plan.
You get two types of options in LIC's new Jeevan Shanti Yojana. Policyholders can choose between Single Life and Joint Life Deferred Annuity. In the first option, you can buy a pension plan for an individual, when the policyholder dies.
If the LIC policyholder survives, he starts getting pension after a certain period of time. In Joint Life Deferred Annuity, in case of death of one person, the other person gets pension facility. At the same time, after the death of both the persons, the policy money is paid to the nominee.
The minimum purchase price in this plan of LIC is Rs 1.5 lakh. In this, you will get a minimum amount of Rs.12 thousand per year per annum. There is no limit to the maximum purchase price of this policy. Under this scheme, you get Rs.10 lakh in case of deferred annuity for single life.
In the second option of the same plan i.e. Joint Life Deferred Annuity you can get a monthly pension of Rs 10,576. The amount of annuity depends on the policy and is subject to change. For more information, you can visit LIC website.
