LIC Jivan Shanti Plan | table no 850 | features | benefits | eligibility | review
Table of Contents
Hello friends LIC started a new pension plan which gives you the opportunity to earn annual income, which is named LIC JIVAN SHANTI. So friends today, I will give you all the information related to Jeevan shanti plan 850 in this post.
What is the LIC JIVAN SHANTI ANNUITY PLAN ?
LIC Jivan shanti plan gives you all the opportunity to get income in mode monthly, quarterly, half yearly or else it can be possible every year, you can choose according to your requirement.
“LIC Jivan shanti plan” gives you all the opportunity to accumulate a lump sum amount and earn interest on it, which you can choose according to your requirement.
LIC Jivan Shanti Proposal form
Read this also: LIC Jeevan Akshay-6
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Read this also: ATAL PENSION YOJANA IN HINDI
How to buy LIC Jeevan Shanti Plan?
LIC Jivan Shanti Plan You can open both online and offline. If you want to open online then you will have to go to LIC’s official website (WWW.LICINDIA.IN) and apply for it and also if you want to open offline, then you will have to meet to me. B.n. pancholi con- 9891009400
LIC gives life opportunity to invest in Jivan Shanti Plan
Now friends, you will be touching to the heart of the people, what is IMMIDIATE ANNUITY and DEFFERED ANNUITY, so let’s know about it too.
What is an immediate annuity?
LIC gives you the opportunity to earn income immediately, meaning that with the help of immediate annuity, you will be able to make a fixed amount every year in the form of income or pension and by which you can get month, quarter or even half yearly.
What is a deferred annuity?
LIC gives you the opportunity to earn income even after a few years of life, such as if you want that after 5 years, if you want you monthly or yearly income, then you should leave the accumulated amount here and leave for 5 years Afterwards you will get some amount of income in the form of income. You can only choose this for 5 years according to your requirements.
What is the limit for accumulating amounts in LIC Jeevan Shanti Plan?
Minimum amount: 1,50000
Maximum Amount: No Limit
LIC Jivan Shanti Plan can be bought by any Indian citizen and NRI, but the age of that Indian should be 30 years old. If we talk about the age of majority, then life has made some different rules in peace, which is written below:
IMMEDIATE ANNUITY: 85 years to 100 years (terms apply)
DEFERRED ANNUITY: up to 79 years
So let’s go friends now we know that you get the options in the IMMEDIATE ANNUITY and DEFERRED ANNUITY.
Immediate Annuity Options for LIC jeevan shanti plan:
I have been explained the annuity options in some of the options given below which all of you get in ‘LIC Jivan Shanti Plan’ :
Option A: immediate annuity for lifetime.
Option B: Instant annuity with 5 year guarantee period and then lifetime
Option C: Immediate annuity with a 10 year guarantee period and then lifetime.
Option D: Instant annuity with a 15 year guarantee period and then lifetime
Option E: Immediate annuity with 20 year guarantee period and after that life
Option F: Immediate annuity for lifetime with the return of purchase
Option G: Immediate annuity for life, which generates 3% Per annum at a simple rate
Option H: Joint Account (JOINT ACCOUNT) On the death of primary ANNUITANT on the death of primary ANNUITANT for 50% annually on secondary ANNUITANT.
Option I: Joint Account (JOINT ACCOUNT) On the death of primary ANNUITANT on the death of the primary ANNUITANT for the annual ANNUITANT 100% annually.
Option J: Joint Account (JOINT ACCOUNT) on the death of the primary survivor on the death of the primary ANNUITANT on the death of the primary ANNUITANT for 100% annually, on the return of purchase value
Deferred Annuity Options for LIC jeevan shanti plan:
Option 1: Postponed Annuity for Single Life
Option 2: Postponed Annuity for Joint Life
All these options are available in the IMMEDIATE ANNUITY and DEFERRED ANNUITY, so let us know about the benefits of these options.
Benefits of Immediate Annuity:
To understand all the options described below, only once you see all the above options, you will understand
Benefits of Option A:
Annuity payments will be done in the account of the user according to the chosen mode as long as he lives.
At the death of the user, nothing will be payable and annuity payments will stop immediately.
Benefits of option B, C, D, E,
If you see friends, you will find all the options mentioned above that the options are B, C, D, E, stuff, then we will understand the benefits of them together.
Annuity payments will be made for the user according to the chosen mode, as long as the user is alive.
Annuity will be made on the death of the user during the guarantee period, which will be kept by the user, but only for a period of time only.
At the death of the policy holder after the guarantee period, nothing will be payable and annuity payments will also be closed immediately.
Benefits of Option F:
Annuity payment will be made to the user according to the chosen mode, as long as the user is alive.
On the death of the user, annuity payments will be discontinued immediately and the full amount of purchase will be payable to the persons nominated by the user.
Benefits of Option G:
Annuity payment will be made to the user according to the chosen mode, as long as the user is alive.
Nothing will be payable on the annuity date and annuity payments will be terminated immediately.
Benefits of Option H:
Annuity payment will be made to the user according to the chosen mode, as long as the user is alive.
Upon the death of the primary user, 50% of the amount will be payable to the surviving user, as long as the user is alive. Annuity payments will be terminated on the death of another user.
If the death of another user comes first, then the annuity payment will continue to be paid and the exemption will be abolished on the death of the primary.
Benefits of Option I:
100% of the annuity amount will be paid as long as the primary user and the primary user entered by the primary user is alive.
Annuity payments will be closed when both the users are killed and nothing will be payable.
Benefits of Option J:
100% of the annuity amount will be paid as long as the primary user and the primary user entered by the primary user is alive.
Annuity payments will be closed on the death of both the users and the full amount of life peace purchase purchase will be payable to the nominee.
Deferred Annuity
To understand all the options described below, once you see all the options above, you will understand.
Option 1 :
During the deferred period (DURING DEFERMENT PERIOD):
During the deferred period, nothing will be paid to the user.
If the user dies during the deferred period, the entire amount will be paid to the nominee by the user.
After the deferred period (AFTER DEPENDMENT PERIOD):
Annuity payment will be made to the user according to the chosen mode, as long as the user is alive.
Annuity payments will be discontinued immediately on the death of the user and all benefits will be given to the salted person.
Option 2:
During the deferred period (DURING DEFERMENT PERIOD):
No amount will be payable to the user
If the user dies during the deferred period, the entire amount will be paid to the nominee by the user.
After the deferred period (AFTER DEPENDMENT PERIOD):
100% of the annuity amount will be paid as long as the primary user and the primary user entered by the primary user is alive.
Annuity payments will be discontinued immediately on the death of both the users and the entire benefit will be given to the nominee.
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