Guaranteed Annuity jeevan Shanti

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In LIC’s ‘Jeevan Shanti’ policy, you can get an annual pension of Rs 50 lakhs by paying a lump sum premium, you will get benefits throughout your life.



LIC Jeevan Shanti policy features and benefits: Though there are many policies of LIC, but today we will tell you about a policy of LIC in which you can get instant pension by filling a lump sum.

LIC Jeevan Shanti policy features and benefits: Life Insurance Corporation of India (LIC) is a renowned insurance company of the country. Crores of people have invested in this company’s policy. People trust this company because it is run by the government. LIC’s policy is designed in such a way that from poor to rich can invest in it.
Although there are many policies of LIC, but today we will tell you about one such policy of LIC in which you can get instant pension by filling a lump sum. The name of this policy is ‘Jeevan Shanti’. This is LIC’s pension plan. In this, the investor has to pay the premium just once and after that the profit starts. There are two types of pension benefits under this scheme.

That is, the policyholder has two options for pension options. In which the first is intermediate and the second is deferred annuity. The intermediate means the pension immediately after the investment, while the deferred annuity means payment of pension after some time (5, 10, 15, 20 years).



Talk about the terms of this policy, if the minimum sum assured is Rs 1.5 lakh, then there is no limit to the maximum. The loan can be made 1 year after the commencement of the pension and 3 months after the surrender, the pension starts. Individuals with minimum 30 years and maximum 85 years can invest.

In this policy, you can get a pension of 50 lakh rupees annually by making a lump sum investment. Now the question is that for this, you have to pay a lump sum premium. We try to understand this with an example: –



Age: 36
Sum Assured: 80000000
Lump Sum Premium: 81440000

Pension:
Annual: 5008000
Half Yearly: 2460000
Quarterly: 1221000
Monthly: 404000




Suppose if a person of 36 years chooses option ‘A’ i.e. Immediate Annuity for life (pension per month). With this, he chooses the sum assured option of Rs 80,000,000. So he will have to pay a lump sum premium of Rs 81440000. After this investment, he will get a pension of 5008000 rupees per year. Which will be 404000 per month, 2460000 according to 6 months and 1221000 on quarterly basis. This pension will be received as long as the policyholder remains alive.

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