The LIC offers its clients a wide range of programs. We’re letting you know right now about a plan that will give you an 11,000 rupee pension. LIC consistently develops a program of favorable returns for young people and senior citizens. Today, we’ll tell you about a LIC policy that will give you access to a substantial monthly pension. The New Jeevan Shanti Policy is what it is called. With this LIC strategy, a smaller investment can yield more returns.
Scheme of lic annuities
Let me explain that the LIC scheme is an annuity plan that, upon purchase, fixes your pension amount. Every month, LIC sends you money. This policy offers two different types of alternatives. Deferred Annuity for Single Life and Deferred Annuity for Joint Life are the first and second options in this.
Will receive the borrowing option
Tell me if you can take a pension plan for one person under a deferred annuity. Participation is open to anyone between the ages of 30 and 79. You must invest at least Rs. 1.5 lakh in order to purchase this program. On the other side, you can cancel the policy at any time if you don’t like it. Additionally, a loan facility is also available.
How to obtain a pension of Rs 11,000 a month
If you purchase a policy for Rs. 10 lakhs in a delayed annuity for a single life, you will receive Rs. 11,192 as a pension each month if you choose this option. While if you invest 1.5 lakh rupees, you will receive a stipend of one thousand rupees every month. In addition, you can benefit from a pension on an annual, biannual, and quarterly basis.
When will the nominee get the money?
Please let individuals know that the nominee will get the whole deposit amount if they have a deferred annuity for a single life and pass away. In addition, after a set period of time, the policyholder starts to get a pension if he survives. In contrast, if one person in a shared life agreement dies, the other person can still receive a pension. But in the event that both of them pass away, the nominee is awarded the full amount.
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