LIC Jeevan Shanti Scheme: People working in the private sector and people engaged in small business are definitely worried about their old age. People also make various arrangements for this, but in just Rs 5 lakh, you can secure your old age. However, for this, you will have to deposit Rs 5 lakh in the right scheme of LIC in time. By doing this, you can get a monthly pension of 9 thousand rupees sitting at home in old age and can easily pass your old age. The name of this scheme of Life Insurance Corporation is LIC New Jeevan Shanti, whose table number is 850. To get a pension of about 9 thousand every month through this scheme, you have to deposit 5 lakh rupees at the age of 35. After this, from the age of 55, you will start getting a pension of about 9 thousand every month.
What is LIC’s Jeevan Shanti Scheme
LIC New Jeevan Shanti Scheme is a very old scheme, but LIC has again introduced it with some changes. Relaunched on 25 August 2020, pension can be taken on annual, half yearly, quarterly and monthly basis in this scheme. At the same time, LIC guarantees a monthly pension of at least Rs 1000 in this plan and at least Rs 1.5 lakh has to be invested. On an investment of 1.5 lakh, monthly pension is Rs 1000, quarterly pension is Rs 3000, half yearly pension is Rs 6000 and annual pension is Rs 12000.
It is important to keep these things in mind
This scheme cannot be bought with an investment of less than 1.5 lakhs. To buy this policy, the minimum age should be 30 years and the maximum age can be 79 years. Pension can be taken even after one year of investing in this scheme. And pension can be deferred for a maximum period of 20 years. However, after taking pension for 20 years, the amount of pension becomes very high. The minimum age for starting pension in this scheme is 31 years and the maximum age is 80 years.
Nominee will also get pension
If the policyholder dies, the nominee has two options. He can take all the money all at once or can get a pension made for himself. The premium of this plan is exempted under section 80C. The amount of pension is taxable, but the amount received by the nominee on the death of the policyholder is tax free.
How to get pension close to 9 thousand every month
If you have invested Rs 5 lakh in this scheme at the age of 35, then after 20 years you will start getting Rs 8750 every month. If you want, you will start getting the benefit of pension even after one year of investment, but in this the amount of pension will be reduced and the amount of investment can also change. In this scheme, investors get annual interest at the rate of 21.6 percent.