LIC’s Jeevan Shanti Scheme is beneficial to avoid money problem after retirement. You can always get pension by investing in it once. In this, there are options to take pension immediately or later to avail this facility.
Lic scheme
For safe future, one should get used to saving from now. If you invest in the right place to avoid the problem of money coming out after retirement, then you can get better returns. In such a situation, Jeevan Shanti Scheme of LIC can be a better option. You can take instant pension facility by investing in it once. You can take it later if you want.
In this scheme you get guaranteed security with better returns. Along with this, you will also get the benefit of life insurance. This will secure your future. You can decide the amount of investment in this scheme according to you, since there is no maximum limit. However the minimum amount should be 1.5 lakh rupees. So what is this scheme and how can you invest in it, know the process.
What is life peace scheme
This is a single premium scheme, that means you can take advantage of this plan by paying the purchase price in one go. In lieu of this, LIC will continue to pay you a regular amount at fixed intervals throughout the life. You can take this amount monthly, quarterly, half-yearly or annually. This regular payment amount is called annuity. In this plan you will get 2 options, first intermediate annuity and second fixed annuity.
Difference between intermediate and deferred annuity
In an intermediate annuity, the investor gets the payment immediately. If you buy the plan by paying a single payment and you start getting paid according to the chosen payment period. If you have selected the monthly payment, then you will get the payment of the annuity from the first month onwards. At the same time, if you invest in the scheme by paying a single premium in the deferred annuity, then you can get the payment after a certain number of years. This option is better for those who want to secure their old age by investing in Young Age. Apart from this, you can visit the official website of LIC or contact the branch to get detailed information related to the scheme.
Who can invest
In this scheme of LIC, you can start pension after 5, 10, 15 or 20 years. If you want, you can also avail instant pension facility. Whoever is taking this policy, must have at least 30 years of age. It is necessary to invest at least 1.5 lakh rupees in Jeevan Shanti Scheme. There is no maximum limit to invest in it.
How to get pension
If you invest 15 lakh rupees in this scheme and apply it for 20 years, then you can get pension up to 26 thousand rupees every month. If you want to take it annually, then it will be around 3.12 lakh rupees. Death benefit is also available in this scheme. On the death of the investor, his family and the nominee are given other benefits along with pension.
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