", Beware of fake / spurious calls - DOs and DONTs, Notice to Public regarding Combination of Products, Enquiry of Outstanding Claims for the Current Year, Policy for protection of interests of policyholders. This plan also takes care of liquidity needs through its loan facility. Under Deferred Annuity, available options are: - Option 1: Deferred annuity for Single life This plan is launched on 21 st October, 2020. The various annuity options are as follows, according to information on LIC's website. LIC says on its official website: "This is a single premium plan wherein the Policyholder has an option to choose an Immediate or Deferred annuity." LIC Jeevan Shanti: The Life Insurance Corporation of India recently launched a new pension plan - Jeevan Shanti.LIC says on its official website: "This is a single premium plan wherein … Above calculator provide ease to calculate pension with all possible combinations. Exceptional cases where Rs.1.5 lakh minimum purchase is exempted-If the plan is purchased for the benefit of a handicapped dependent, then the minimum purchase price is Rs.50,000. Life Insurance Corporation (LIC), the country's largest life insurance company, which offers insurance policies like term insurance plans, endowment plans and money back plans also offer pension plans. Pay premium once - enjoy guaranteed financial peace forever. LIC New Jeevan Shanti (Plan 858) is new pension plan launched by LIC in the year 2020. LIC's Single Premium Endowment Plan is a participating non-linked savings cum protection plan, where premium is paid in lump sum at the outset of the policy. There is no limit on the maximum purchase price. LIC has stated on its website licindia.in about this plan. Under the LIC Jeevan Shanti scheme, rates of annuity or pension are guaranteed from the beginning of the policy for both Immediate and Deferred Annuity, and annuities are payable over the policyholder ‘s lifetime. It is a single premium, deferred pension plan. LIC has stated on its website licindia.in about this plan. LIC Jeevan Shanti is a single premium guaranteed return pension plan which offers both immediate and deferred annuity (pension) options. LIC India: LIC Jeevan Shanti plan is a single premium pension plan in which the policyholder is given the choice to select an immediate or deferred annuity. LIC's Single Premium Endowment Plan is a participating non-linked savings cum protection plan, where premium is paid in lump sum at the outset of the policy. There is no upper limit for the premium. If the plan is purchased by the NPS subscribers. - Option D: Immediate Annuity with guaranteed period of 15 years and life thereafter. - Option C: Immediate Annuity with guaranteed period of 10 years and life thereafter. It is a single premium, deferred pension plan. The scheme comes with several annuity options. - Option A: Immediate Annuity for life. LIC Jeevan Shanti plan is a one time premium plan in which the policyholder has an option to select an immediate annuity or a deferred one. LIC Jeevan Shanti is one of the pension schemes that the country’s biggest life insurer is offering. - Option E: Immediate Annuity with guaranteed period of 20 years and life thereafter. Pension Plans Sr. No. LIC Jeevan Shanti pension policy holders get nine different annuity options to choose from. Under Jeevan Shanti, one can make a one-time investment for a guaranteed life-long income. The pension rates are guaranteed at the time of buying itself. This article is for information purpose only). It is a single premium, deferred pension plan. This website follows the DNPA Code of Ethics, Option B: Immediate Annuity with guaranteed period of 5 years and life thereafter, Option C: Immediate Annuity with guaranteed period of 10 years and life thereafter, Option D: Immediate Annuity with guaranteed period of 15 years and life thereafter, Option E: Immediate Annuity with guaranteed period of 20 years and life thereafter, Option F: Immediate Annuity for life with return of Purchase Price, Option G: Immediate Annuity for life increasing at a simple rate of 3% p.a, Option H: Joint Life Immediate Annuity for life with a provision for 50% of the annuity to the Secondary Annuitant on death of the Primary Annuitant, Option I: Joint Life Immediate Annuity for life with a provision for 100% of the annuity payable as long as one of the Annuitant survives, Option J: Joint Life Immediate Annuity for life with a provision for 100% of the annuity payable as long as one of the Annuitant survives and return of Purchase Price on death of last survivor, Option 1: Deferred annuity for Single life, Option 2: Deferred annuity for Joint life, Option B: Immediate annuity with guaranteed period of 5 years and life thereafter, Option C: Immediate annuity with guaranteed period of 10 years and life thereafter, Option D: Immediate annuity with guaranteed period of 15 years and life thereafter, Option E: Immediate annuity with guaranteed period of 20 years and life thereafter, Option F: Immediate annuity for life with return of purchase price, Option G: Immediate annuity for life increasing at a simple rate of 3 per cent per annum, Option H: Joint Life Immediate Annuity for life with a provision for 50 per cent of the annuity to the secondary annuitant on death of the primary annuitant, Option I: Joint life immediate annuity for life with a provision for 100 per cent of the annuity payable as long as one of the Annuitant survives, Option J: Joint life immediate annuity for life with a provision for 100 per cent of the annuity payable as long as one of the annuitant survives and return of purchase price on death of the last survivor. The pension rates are guaranteed at the time of buying itself. Breaking News : LIC premiums can now be paid at the nearest CSC centres throughout the country. (Also Read: All You Need To Know About LIC New Money Back Plan 20 Years). (Also Read: LIC Jeevan Labh Policy: Eligibility, Premium And Other Details Here), Policy holders get nine different annuity options to choose from. Could We Be More Happy? LIC Jeevan Shanti – Single Premium Guaranteed Pension Plan Eligibility. The premium paid towards LIC Jeevan Shanti Policy qualifies under Section 80C of the Income Tax Act for tax relief on income. This combination provides financial protection against death during the policy term with the provision of payment of lumpsum at the end of the selected policy term in case of his/her survival. Few days back, LIC launched Jeevan Akshay VII, an immediate annuity plan (LIC Jeevan Akshay VII Pension Plan … © Copyright All rights reserved licagentpune.com ⚈ Insurance is subject matter of solicitation, LIC Jeevan Shanti – Single Premium Pension Plan, Guaranteed Annuity - whether immediate or deferred option chosen, Guaranteed monthly addition in deferred annuity to enhance your life cover, Multiple annuity options and modes available to suit your financial needs, Liquidity - Surrender Value and Loan available. LIC Jeevan Shanti plan can be purchased by any individual in the age group of 30 years and 79 years for deferred annuity and 85 years for immediate annuity. LIC Jeevan Shanti – Single Premium Guaranteed Pension Plan Eligibility. Under the LIC Jeevan Shanti scheme, rates of annuity or pension … LIC … Online Premium Calculator, generate an instant illustration for Premium.

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