Everyone wants to make big plans for their retirement while they are still employed, but most people can’t do so due to a lack of money. Nowadays, people are becoming more active in investing in retirement plans, ranging from mutual funds to various FDS, putting aside a portion of their income. However, there is still some risk involved. Today, we will tell you about a scheme that offers regular income assurance. The best part is that you can receive a pension of up to ₹1 lakh by investing money just once. We are talking about LIC’s Jeevan Shanti scheme.
This scheme is run by LIC, offering regular income assurance with your money being safe. The special feature of this policy is that you only need to invest once and receive a lifetime pension. Life Insurance Corporation of India (LIC) has introduced many excellent policies for people of all ages. If you’re worried about your retirement and want to maintain good financial health, then LIC’s Jeevan Shanti scheme is perfect for you.
Pension for Life
This is a single premium plan that guarantees you a regular pension after retirement with just one-time investment. Under this scheme, you can receive a pension of ₹1 lakh every year, which you will continue to get for the rest of your life. The age eligibility for this pension policy is between 30 and 79 years. Along with the guaranteed pension, this scheme also offers other benefits. It is a non-linked, non-participating, and single-premium annuity plan.
How to Apply for LIC Jeevan Shanti Scheme Online
- Visit: Go to licindia.in/jeevan-shanti
- Click: Tap on “Buy Online”
- Fill Form: Enter personal details and choose annuity option
- Calculate Premium: Use the online tool
- Verify & Pay: Verify mobile via OTP and make payment
- Get Policy: Receive documents on your email
Key Highlights:
- One-time investment, lifetime pension
- Choose deferment period (1–20 years)
- Age eligibility: 30–79 years
- Loan & surrender options are available
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