Indian insurance giant Life Insurance Corporation of India (LIC) has several special schemes for all age groups. Be it a monthly investment or a monthly pension scheme, LIC has several options.

Yes, if you want to invest once and get a monthly or annual pension, you can choose LIC Jeevan Shanti Yojana.

This is an annuity plan. This plan has been introduced to provide financial security for your future.

LIC New Jeevan Shanti Scheme

The main advantage of this scheme is that it provides you with continuous lump sum investment opportunities. Depending on your convenience, you can get a membership for one month, three months, four months, six months or a year.

How can you invest?

You can get timely income through this scheme. Many people want to invest in it. But do not want to take the risk. LIC has designed this scheme to be risk-free. You will also get good returns. That is why this insurance plan is a good investment for you.

Age limit for peace of mind

LIC policy has an age limit of 30 to 79 years. It does not provide any risk coverage. But its benefits are many. You get a good interest rate. The company has provided two options to buy this LIC plan.

The first option is a single life annuity. The second is a joint life annuity. This means that you can invest in a plan for yourself or you can choose a plan together with someone else if you wish.

This LIC plan offers various investment opportunities. For example, let’s find out how much return you can get for a certain investment amount as follows.

Monthly investment: 1,000 or more should be invested.

Quarterly investment: Another 3,000 money should be invested.

Half-yearly investment: Another 6,000 money should be invested.

Annual investment: Invest more than 12,000

How to get a pension of 6 lakh rupees?

To get 6 lakhs through LIC’s new Jeevan Shanti scheme that provides you with financial security, you need to invest as follows.

Annual investment: 38,400 to 57,600

Quarterly investment: 19,200 to 28,800

Half-yearly investment: 9,600 to 14,400

Monthly investment: 3,200 to 4,800 will have to be invested.

LIC’s new Jeevan Shanti scheme is suitable for those who want guaranteed income and those who want open investments. This LIC scheme provides income. You can make the injection for a month, three months, four months, six months or a year. This is a good way to get financial support after retirement. Tax deductions under various sections of the Income Tax Act