Everyone dreams that when he retires from his job, he and his family should get the facility of pension every month, so that they do not have to face any kind of financial challenge in old age. To solve this problem, the country’s largest and most trusted government insurance company LIC (Life Insurance Corporation of India) has started a wonderful scheme, named New Jeevan Shanti Yojana. Under this scheme, a person has to deposit a lump sum amount and then you get the facility of pension for life.

What is LIC New Jeevan Shanti Plan?

LIC (Life Insurance Corporation of India) has launched the New Jeevan Shanti Scheme to make people’s lives easier, which is also known as Plan 758. With the help of this scheme, any person can invest a large amount at one go and get a pension of Rs 1,00,000 annually as per his need, which will make your life more convenient after retirement.

Under this scheme, if you deposit a large amount in this scheme all at once, then you have to decide yourself when to start taking pension through this scheme. Like after 1 year, 2 years or maximum 12 years. You have to wait for about 1 year to get pension through this scheme. This process of getting money is called Deferred Annuity Plan.

If you suddenly need money, you can take a loan from this scheme only after 3 months of investing money in this scheme. To deposit or invest money together in this scheme and avail the benefits of the scheme, the age of the person must be minimum 30 years and maximum 79 years. Suppose the policyholder dies suddenly, your money will still be completely safe, because the money deposited by you will be returned to your nominee along with interest.

How much investment is required for an annual pension of Rs 1,00,000?

If you want a pension of up to Rs 1,00,000 annually with the help of this scheme, then for this you will have to invest Rs 8 lakh together in this scheme and you will have to wait for 12 years i.e. lock-in period, so that you can easily get a pension of up to Rs 1,00,000. The more years you keep your money locked in this scheme, that is, the more years you do not take pension from this scheme, the more your money grows through interest.

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LIC Jeevan Shanti Policy: On hearing the name of retirement, the first question that comes to mind is how will the expenses be managed every month. Salary keeps coming during the job, but after retirement, it is most important to have the assurance of regular income. In today’s time, mere savings are not enough, a plan with safe and guaranteed returns is needed. Keeping this thinking in mind, LIC has introduced New Jeevan Shanti Plan. This policy has been made for those people who do not want to worry about money in old age. Invest once and get pension for life after a fixed period of time. This is the biggest strength of this plan.

Great option for these people

LIC New Jeevan Shanti is suitable for those investors who want to stay away from risk. This is a single premium annuity plan, which means there is no need to deposit money every month or every year. You invest a lump sum once and the pension gets fixed at the time of taking the policy. After this, whether the market goes up or down, your pension is not affected. This plan is useful for employed people, business people, people nearing retirement or already retired people. The special thing is that it provides guaranteed lifetime income.

Two pension options are available

In this scheme, LIC gives two pension options to the policyholders. The first option is Deferred Annuity for Single Life. In this, pension is received only by the policyholder and after his death, the entire amount deposited is returned to the nominee. The second option is Deferred Annuity for Joint Life. This can include husband and wife or two close relatives. After the death of one person, the other continues to get pension for his entire life. On the death of both, the invested amount is returned to the nominee.

Necessary conditions for investment

The minimum age for investing in LIC New Jeevan Shanti has been kept at 30 years and maximum at 79 years. This is the reason why this plan becomes beneficial for both youth and senior citizens. In this, the minimum investment starts from Rs 1.5 lakh, while there is no limit on the maximum investment. There is an option to choose the deferment period in the policy from 1 year to 12 years. The longer the waiting period, the higher the pension you will get. Loan facility is also available after 3 months of taking the policy.

You will get Rs 1 lakh annually

The pension received in this plan depends on your age, investment amount and the deferment period chosen. For example, if a person invests a lump sum of Rs 11 lakh at the age of 55 and chooses a deferment period of 5 years. So after completion of the fixed time, he starts getting a guaranteed pension of about Rs 101880 annually. If this pension is taken every month. So the amount comes to approximately Rs 8149.

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Lic smart pension plan: All the jobbers are worried about how life will go after retirement. Government jobs have pension facilities. But in all private jobs, people have to make their pension arrangements themselves. And that’s why people start investing in different schemes during the job.

So that they do not have to depend on others. People invest in many different pension schemes. If you are looking for a pension scheme for after retirement. So LIC’s smart pension plan can prove to be useful for you. After investing in this, you will get a pension of 12000. Let us tell you. How to invest in this pension plan.

12 thousand will be available in LIC Smart Pension Plan

If you are looking for a great plan for pension. So LIC’s smart pension plan can prove to be a great option for you. In LIC Smart Pension Plan, you will get a pension of at least 12 thousand rupees on an investment of only one lakh. Please tell if you want to take a monthly pension. So you will get a pension of 1000 rupees every month. At the same time, you want to take pension on 3 months. So you will get a pension of Rs 3000 after 3 months.

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At the same time, you want to take pension on 6 months. So you will get a pension of 6000 rupees in 6 months. At the same time, if you want to get an annual pension. So you will get a pension of 12000 rupees simultaneously. The benefit of annuity is also available in this pension plan. Please tell that a joint account can also be opened in it. If a person dies. So the other person gets benefit.

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How to apply?

To apply in LIC Smart Pension Plan, you can apply by visiting the official website of Life Insurance Corporation i.e. LIC. Apart from this, you can also apply in the scheme through an LIC agent offline. Or you can also buy this policy by going to Common Public Service Center.

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