If you want to invest money in such a plan, in which you get good returns annually and also work as your pension. So LIC has brought a golden opportunity for you.
Life Insurance Corporation (LIC) has launched its new plan ‘Jeevan Shanti’. This is LIC’s One Time Investment Plan. LIC says that once invested, there will be guaranteed income throughout the life. This means that the plan will work as a pension. Pension can be done monthly, quarterly, half-earli or even annually. You will also get an annual minimum of Rs. 32150 in this plan.
What are the advantages of this plan
In this plan of LIC, you have to pay full money at a time. For this, the minimum amount is 5 lakh rupees and maximum of 1 crore rupees. You can invest 10 lakhs, 25 lakhs and 50 lakh rupees even once. You must be 30 years old to get a pension. That is, you can start taking the money you have invested in this plan from the age of 30 years.
When and at what age will you get money
For example, if you have invested £ 500,000 at the age of 30, then you can start taking your pension only after one year. This pension can take you monthly quarterly, half-yearly also.
For example, if you invest 1000000 rupees for 5 years you will get different interests on this. These interests will get you different in 10 years, in 15 years and 20 years in 5 years.
Discount on tax
In this plan, LIC also gives you tax benefit along with guaranteed income i.e. you will not get any tax on the returns you receive, along with that you can also make a nominee in this policy i.e. after you have your nominee Plan Benefits will be available.