Lic life peace scheme
After retirement, a special plan of LIC can be very useful to eliminate the worry of money, the name of this scheme is LIC Jeevan Shanti Plan. The biggest feature of this scheme is that you will have to invest only once and after that you will continue to get pension all your life. That is, after retirement your income will remain and you will be financially strong.
What is LIC New Jeevan Shanti Yojana?
This scheme is a single premium policy, meaning you just have to invest once. In this scheme, a minimum of Rs 1.5 lakh can start, and you can invest more than your convenience. The higher the investment, the more pension will be found. People from 30 to 79 years can buy this scheme i.e. this is the right choice for both young and old.
Once investment and life will be benefited throughout life
If you invest money in this scheme, then you can start taking your pension after 5 years. For example, if you are 55 years old and invest Rs 11 lakh, then after 5 years i.e. from the age of 60, you will start getting a pension of about 1 lakh rupees every year. You can take this pension month, three months, six months or annually as per your convenience.
Two types of pension facility
There are two options in this scheme. The first is a single life plan, in which only one person gets pension and the second is a joint life plan, in which pension is received for both husband and wife. If one of the joint life plans dies, then the remaining money gets to their nominated person. In this way your family is also financially safe.
Loan and policy surrender facility
A major facility of this scheme is that you can take the agent loan of the policy after 3 months after the policy starts. But the loan amount cannot exceed 50% of your annual pension. If you feel that your needs have changed or the policy is not right for you, then you can surrender it anytime.