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LIC Jeevan Shanti Plan
Gift yourself a Monthly paycheque for a wonderful life after retirement LIC’s Jeevan Shanti is a guaranteed pension plan (Plan No: 850), where the pension is payable thru out your life on payment of Single lump sum amount. This plan gives you a flexible option to take pension Immediately or on a later pre-decided date. There are 10 different pension options available. Pension can be taken on the Single life (or) Joint life.
Key features of the plan
- It is guaranteed pension plan.
- Premium has to be paid only once.
- No medical examination for any age
- Can choose for Immediate Pension or Deferred Pension (postponed pension)
- Deferred period avaiable from 1 to 20 years
- Option to take Pension Monthly/ Quarterly/ Half-yearly/ or Yearly.
- Pension can be taken on Single life or Joint life
- Joint life includes close relatives like Spouse/ Parents/ Children/ Grand children/ Siblings.
- Loan facility
- Surrender of policy avaiab
| Minimum Age at entry | 30 Years (completed) |
|---|---|
| Maximum Age at Entry | 85 years (completed) |
| Minimum Single Premium | 1,00,000 (No Maximum Limit) |
| Medical requirement | Not required |
| Mode of Pension | Yearly, Half yearly, Quarterly, Monthly |
| Loan | After 1 year of policy
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