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.
What is the minimum contribution criteria under NPS? A Subscriber is required to make initial contribution (minimum of Rs. 500 for Tier I and a minimum of Rs. 1000 for Tier II) at the time of registration.
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.
LIC Jeevan Shanti was withdrawn by the company, however, if you still wish to secure your post-retirement needs, you can buy LIC New Jeevan Shanti, which is the new version of the withdrawn plan.
Ingly, for the 12 months' period commencing from 1st May, 2023 to 30th April, 2024, the applicable interest rate for the calculation of installment amount shall be 5.31% p.a. effective. ii) Option to take the plan for the benefit of dependant person with disability (Divyangjan):
Assured Returns: These returns are added to the LIC Jeevan Shanti Plan every month and can be received easily after the deferred period. Guaranteed Income: The policyholder will receive a guaranteed monthly income for their entire lifetime.
Ingly, for the 12 months' period commencing from 1st May, 2023 to 30th April, 2024, the applicable interest rate for the calculation of installment amount shall be 5.31% p.a. effective. ii) Option to take the plan for the benefit of dependant person with disability (Divyangjan):