Passes will not worry after retirement, you will get ₹ 1,42,500 annual pension

New jeevan shanti plan: Your retirement planning is completely done, but there is no time for pension? So LIC’s New Jeevan Shanti Plan can be a great option for you. In this scheme, you have to submit premium only once and then you will continue to get pension throughout your life. Many people are unaware of this scheme, but now there is time to understand and know how you can get a pension of ₹ 1,42,500 annually, and that too by investing only once. Let us know about this best plan of LIC.

How does the scheme work

The New Jeevan Shanti Plan being run from LIC is a plan in which you have to submit premium only and then get life time pension. In this, you get options for taking annual, half, quarterly or monthly pension, so that you can choose pension according to your convenience. This plan has two main variants – single life and joint life. You can choose any of these according to your need.

Deford annuity options

• Deford Annuity for Single Life and Deford Annuity for Jint Life are two types of options.
• After investing in a single life plan, after getting pension, the nominee gets money after your death.

In a joint life plan, the joint partner continues to get pension even after your death, and the money is returned to the nominee only after the death of both.

What is the least and more investment?

This scheme has to invest at least ₹ 1.5 lakh, after which you get ₹ 12,000 pension every year. If you invest Rs 1.5 lakh, you get ₹ 1,000 as a monthly pension and an annual pension ₹ 12,000. In addition, you do not have any maximum investment limit in this plan.

What does Deford period mean?

Here Deford period means the time that you have to wait before getting pension. If the duration of your defined period is more then your pension will also be good. This plan has a decide period ranging from 1 year to 12 years. The more your defined period, the greater the pension will be.

Big Pension opportunity: ₹ 1,42,500 annually

If you choose New Jeevan Shanti Plan’s Deford Annuity for Single Life variant by investing ₹ 10 lakh at the age of 45, then after the 12 -year Deford Period, you will start getting ₹ 1,42,500 pension annually. Apart from this, if you choose the option of half -yearly pension, you will get ₹ 69,825 every six months, ₹ 34,556 on quarterly pension and ₹ 11,400 on monthly pension.

Joint life plan advantage

If you take a joint life plan and invest ₹ 10 lakh, then after a 12 -year Deford period you will get ₹ 1,33,400 pension annually. Apart from this, if you choose a half -yearly pension option, you will get ₹ 65,366, and you can get an amount of ₹ 10,672 in monthly pension. In this plan you are also given the facility to take a loan. Also, Death Benefits are also included in the policy. If for some reason you do not like this plan, you can also surrender it.

conclusion

New Jeevan Shanti Plan can be a great option for those who are planning a lifetime pension in their old age. Submit premium in it only once and then get pension throughout life. This is especially for those who want to plan their retirement correctly and want relief from pension in old age.

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