LIC's Best selling Immediate&Deferred Annuity/Pension/Retirement plan Jeevan Shanti policy(T.No.850)

LIC's Jeevan Shanti policy ( T.No.850), LIC policy, pension policy, retirement plan, fixed income, guaranteed return policy, immediate pension policy,
Jeevan Shanti is Annuity plan with single time investment.
Which offers immediate Annuity and deferred Annuity.
Jeevan shanti provides guaranteed fixed income for life time irrespective of falling interest rates.

Basic conditions of the plan:

Age: 30-100 years.
Single life and joint life
Minimum purchase price: 1,50,000
Maximum purchase price: No limit

Types of Annuity:

1. Immediate Annuity

2. Deferred Annuity
Deferment period available: 1 -20 years.

Option available in Immediate Annuity:
A. Immediate Annuity for life

B. Immediate Annuity for 5 years and thereafter.

C. Annuity for 10 years and thereafter .

D. Annuity for 15 years and thereafter.

E. Annuity for 20 years and thereafter .

F. Immediate Annuity for life with return of purchase price.

G. Immediate Annuity for life with increse @3% p.a.

H. Joint life with 50% Annuity to spouse.

I. Joint life 100% Annuity to spouse.

J. Joint life with 100% Annuity to spouse with return of purchase price.

Note: Option F & J are very popular.

Example:
Option: F
Age: 60 years
Purchase price: 50 lakhs
Pension receivable:
Yeraly: 2,85,500
Halfyearly: 1,39,500
Quarterly: 68,938
Monthly: 22,792
Annual ROI: 5.71% Guaranteed for life.
On death return of 100% of purchase price.

Options in Deferred Annuity( 1-20years):

Option 1. Deferred Annuity for single life.

Option 2. Deferred Annuity for joint life.

Example:
Single life
Age: 60
Purchase price:50 Lakhs
Deferment period:5 years
Pension:
Yearly: 4,11,500
Halfyearly: 2,01,515
Quarterly: 99,699
Monthly: 32,880
Annual ROI: 8.23%.
Guaranteed for life term.

Incase of death: purchase price+ Guaranteed additions- Annuity paid
Or
110% of purchase price whichever is higher.

Option to take Death benefits in : 5 or 10 or 15 years installments.

Loan after 1 year.

Surrender in case of medical emergency.

For more information contact
A. Ravi
Development Officer
LIC OF INDIA
Hyderabad
Mobile/WhatsApp: 98 49 89 89 16
Email: [email protected]
YouTube channel: JOINMYTEAM