By Admin 
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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