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N or a deferred pension. You may know that JEEvan Akshay VI LIC also offers a guaranteed retirement plan. However, LIC's Jeevan Akshay is an immediate annuity plan. Maybe for this reason, LIC came up with a plan LIC Jeevan Shanti. This plan offers both an immediate pension and a deferred pension plan. Before we proceed, first, let's get to know some of the terminology used in retirement plans. What's the point of an annuity? In a simple term, you can say it as a pension, where you get a regular.

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Monthly Minimum Annuity: Rs 1000 per month. Quarterly Minimum Annuity: Rs 3000 per quarter. Half-yearly Minimum Annuity: Rs 6000 per half-year. Annual Minimum Annuity: Rs 12000 per annum.

The LIC Jeevan Shanti plan offers the policyholder the option to choose between Immediate Annuity and Deferred Annuity options. After the completion of one policy year, the policyholder can avail the facility of loans. The LIC Jeevan Shanti policy offers a free-look period of 15 days.

The minimum investment required for this plan is ₹1,50,000 with no limit on the maximum investment. The minimum age for eligibility is 30 years while the maximum can be between 79 or 85 or 100 years. The premium payment has to be made once as a lump sum amount of ₹1,50,000 with no limit on the maximum investment.

Policyholders can purchase a minimum plan of Rs 150,000. There is no upper cap specified by LIC. New Jeevan Shanti Plan 2023: State-owned insurance group and investment company Life Insurance Corporation of India (LIC) has revised the annuity rates for its New Jeevan Shanti Plan, which is Plan No.

In LIC Jeevan Shanti plan (Plan 850), only options "F" & "J" under immediate annuity and both options available under deferred annuity can be surrendered after 3 months of purchase. Following calculator provides surrender value for above 4 options which are eligible for surrender value.

The LIC Jeevan Shanti plan offers the policyholder the option to choose between Immediate Annuity and Deferred Annuity options. After the completion of one policy year, the policyholder can avail the facility of loans. The LIC Jeevan Shanti policy offers a free-look period of 15 days.

A. LIC Jeevan Shanti is one of the best pension plan available. The plan offers upto 11.68% interest which remains fixed and guaranteed for life.

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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232