LIC’s pension plan: Get Lump sum investment in this policy of LIC, Rs 39 thousand pension every month, will get lifetime benefits

Talking about LIC’s pension plan, ‘Jeevan Shanti’ policy is being sold by the company. The biggest feature of this policy is that by investing in it, you can get pension immediately.

Life Insurance Corporation of India (LIC) is one of the few insurance companies in the country that people trust. People from the rich to poor invest in the different policies of this company. The policy of the company is designed in such a way that the investors as well as the future can be protected.

Also Read: LIC Launches Special Plan To Revive Lapse Policies

Talking about LIC’s pension plan, ‘Jeevan Shanti’ policy is being sold by the company. The biggest feature of this policy is that by investing in it, you can get pension immediately. This feature of the policy makes it extremely special. Actually, there are two options for getting pension under this policy.

First intermediate second deferred annuity. Immediate means that the pension is immediately after taking the policy, while the deferred annuity means payment of pension after some time (5, 10, 15, 20 years) of taking the policy. There are 7 options available in intermediate annuity. This scheme of LIC can be taken for a minimum of 30 years and maximum 85 years. The loan can be done 1 year after the commencement of pension and 3 months after the surrender, pension is started. With this policy, customers also get loan facility.

The minimum investment of Rs 1.5 lakh and maximum can be done in this policy. If you invest a lump sum of Rs 76,35,000 in this policy, you can get a pension of Rs 39,625 per month. For this, you have to select ‘A’ i.e. Immediate Annuity for life (Pension per month) option.

Age: 43
Sum Assured: 7500000
Lump sum premium: 7635000

Pension:
Annual: 491250
Half Yearly: 241500
Quarterly: 119719
Monthly: 39625

Suppose a 43-year-old person chooses option ‘A’ i.e. pension option per month. With this, he opts for the 7.5 million Sum Assured option. So he will have to pay a premium of Rs 76,35,000. After this investment, he will get a pension of Rs 39,625 per month. This pension will be received as long as the policy holder survives. At the same time, this pension will stop coming after death.

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