LIC: Pension will be given for Rs 35000, Learn scheme

LIC: Pension will be given for Rs 35000, Learn scheme

LIC is the country’s premier government insurance company. They have run a fantastic scheme for its customers, in which a large number of policyholders invest hundreds of crores. As far as trust in LIC is concerned, people consider it to be dependable as it is government. Because there is no tension to sink money due to the support of the government. The plans that LIC offers range from term plans to pension plans. Talking about pension plans, LIC has a very strong plan in its portfolio, in which you will start receiving pension soon after depositing money. Under this policy called Jeevan Shanti, you get a pension every month throughout your life. This will make it very easy for you to cut your old age. Let us know in detail about this scheme.

What are the rules of LIC Jeevan Shanti Scheme

Under Jeevan Shanti Scheme of LIC, you have to pay in one go. Your pension will start immediately. Keep in mind that at least 30 years of age and a maximum of 85 years can apply in this scheme. You can get a loan under this scheme 1 year after the commencement of pension, while you can surrender it 3 months after the commencement of the pension.

Two special options

The moment you take this policy, you will get two options in terms of pension. The first one is intermediate (immediately) and the second is the deferred annuity. Under the first option, you will start receiving a pension immediately after taking the policy. But in the second option ie Deferred Annuity option, you will be paid pension after a few years of taking the policy. There will also be 7 options in the intermediate option. You will get a pension every month by choosing the intermediate annuity for life (pension every month).

Pension of Rs 35000

As mentioned above, you will start getting a pension of Rs 35000 every month for investing in one go, which will be paid for life. You have to pay a single premium of Rs 66,17,000 in one go.

How much amount will be assured

For example, if a person is 46 years of age and they opt for ‘A’, the intermediate annuity for life option, it means that they have opted for a fixed sum of Rs 65,00,000. In this case, he will have to pay a premium of Rs 66,17,000 at one go. After paying these premiums, the person will start getting a pension of Rs 35,263 every month. The person will get this pension throughout your life.

You can get pension like this too

You will get the option to get a pension under this scheme on yearly, 6 months and 3 months also. If you choose the annual option, then you will get a pension of Rs 4,37,450 annually, Rs 2,14,825 on 6 months and Rs 1,06,519 on a quarterly basis. As far as the monthly option is concerned, you will be given a pension of Rs 35,263 every month.

Polity Press Staff

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