LIC Pension Plans
Jeevan Shanti plan
LIC’s Jeevan Shanthi is a guaranteed pension plan (Plan No: 850), where pension is payable thru out your life on payment of Single lump sum amount. This plan gives you a flexiable option to take pension Immeditely or on a later pre-decided date. There are 10 different pension options available. Pension can be taken on 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 avaiable
|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|