LIC’s New Jeevan Shanti Yojana is a pension plan that provides a fixed monthly pension after retirement.
It is available for individuals aged 30 to 79 years, with investment required. The pension amount depends on the investment made.
The main goal of this scheme is to ensure financial security post-retirement, helping individuals live comfortably.
Benefits of Single Premium Pension Plan
In LIC’s scheme, you make a one-time investment, known as the “Single Premium.”
The minimum investment is ₹1,50,000, and there is no maximum limit. A higher investment results in a higher pension.
Another feature of this scheme is that the earlier you invest, the higher the pension amount will be.
When will the pension start?
In LIC’s New Jeevan Shanti Plan, the pension starts five years after the investment.
For example, if someone invests at the age of 55, they will begin receiving the pension at age 60. The regular pension payments will help meet financial needs after retirement.
Why Opt for LIC’s New Jeevan Shanti Plan?
After retirement, everyone seeks a steady income to meet their needs. By investing in this scheme, you receive a monthly pension that secures your financial future.
It’s also a great choice for those who prefer not to depend on family after retirement. LIC’s scheme is an easy, safe, and reliable option.
Additional Benefits of Investing in This Scheme
This scheme offers both a pension and life insurance benefits. If the investor passes away, their family will receive a fixed amount.
Additionally, the scheme provides tax benefits, helping to reduce your tax liability.
