One of the biggest concerns for most people after retirement is the
cessation of regular income. Once you stop receiving your monthly salary, managing expenses and maintaining your lifestyle can become challenging. To address this concern,
LIC has introduced the New jeevan Shanti Policy, a plan designed to provide
guaranteed pension income after retirement with a
single investment.
What Is the lic New jeevan Shanti Policy?
The
New jeevan Shanti Policy is a
single-premium deferred annuity plan. This means you pay a
one-time premium and, after a chosen deferment period, start receiving
a fixed pension every year for life. It combines the safety of LIC’s long-standing trust with financial stability for retired individuals.
Key Features
1.
Single Premium Investment:o No need for recurring payments. Pay once and secure a lifetime pension.2.
Guaranteed Pension:o Policyholders can receive a
fixed annual pension, which can be as high as
₹1 lakh per year, depending on the premium and annuity option selected.3.
Flexible Annuity Options:o Choose the type of annuity:
life annuity, life with return of purchase price, joint life annuity, or others based on your needs.4.
Financial Security for Life:o Ensures a
steady post-retirement income, eliminating worries about running out of money.5.
Trusted lic Backing:o Being an lic plan, it guarantees
safety, transparency, and reliability.
Who Should Invest
· Individuals planning for
retirement income security· people who want
regular guaranteed payouts without market risk· Senior citizens seeking
peace of mind and financial stabilityHow to Invest
· Visit your
nearest lic branch or the
LIC online portal· Decide your
premium amount, pension amount, and annuity type· Pay the
single premium and complete documentation· Start receiving
annual pension payments after the deferment period
Why Choose This Plan
The New jeevan Shanti Policy is ideal for those who want to
plan post-retirement life carefully. Unlike other investments that depend on market fluctuations, this lic policy guarantees a
steady income, allowing retirees to live comfortably without financial stress.
Disclaimer:The views and opinions expressed in this article are those of the author and do not necessarily reflect the official policy or position of any agency, organization, employer, or company. All information provided is for general informational purposes only. While every effort has been made to ensure accuracy, we make no representations or warranties of any kind, express or implied, about the completeness, reliability, or suitability of the information contained herein. Readers are advised to verify facts and seek professional advice where necessary. Any reliance placed on such information is strictly at the reader’s own risk.