How LIC New Jeevan Shanti Plan Can Secure Your Retirement with a Lifetime Pension
After retirement, everyone hopes to live a peaceful life, which requires a reliable pension. If you’re aiming for a comfortable pension after your retirement, planning early is essential. The Life Insurance Corporation of India (LIC) offers several schemes for retirement planning, and one of the most effective options is the LIC New Jeevan Shanti Plan. This scheme can provide you with a steady pension, making it an excellent choice for post-retirement financial stability.
What is LIC New Jeevan Shanti Plan?
LIC’s New Jeevan Shanti Plan is a single-premium pension scheme that helps you secure a regular income after retirement. This plan is designed for individuals aged between 30 to 79 years. The earlier you invest in this scheme, the higher your pension will be. The plan offers flexibility in terms of the amount you can invest, with the minimum investment set at ₹1,50,000. There is no upper limit, allowing you to invest as much as you wish, depending on your retirement goals.
When Will You Start Receiving the Pension?
Once you invest in the New Jeevan Shanti Plan, you will start receiving your pension 5 years after your investment. For example, if you invest at the age of 55, you will begin receiving the pension from the age of 60. The plan ensures that you receive a reliable income during your retirement years.
How Much to Invest for ₹1 Lakh Pension?
If your goal is to receive a pension of ₹1,00,000 per year, you will need to invest ₹11 lakh in the LIC New Jeevan Shanti Plan. This investment will be fixed for 5 years, and after this period, you will start receiving an annual pension of ₹1,02,850. You can choose to receive the pension on a monthly or semi-annual basis, depending on your preference and financial needs. Importantly, this pension will continue to be paid to you for life, offering long-term financial security.
Why Choose LIC New Jeevan Shanti Plan?
The LIC New Jeevan Shanti Plan is ideal for individuals looking for a one-time investment that can provide them with a lifetime pension. With the flexibility of choosing the investment amount and the ability to start receiving your pension after just five years, it’s an attractive option for people seeking to secure their financial future.
This pension plan offers a hassle-free way to ensure a steady income during your retirement years, helping you maintain your lifestyle without any financial worries. Whether you’re planning early or seeking to boost your retirement savings, the LIC New Jeevan Shanti Plan is worth considering.
