LIC New Jeevan Shanti Plan locks lifelong pension single investment – min ₹1.5L, age 30-79, single/joint life options. 55yr invests ₹11L gets ₹1.01L annual post-5yr lock-in. Secure retirement no market risk – full details, calculations inside.
One Payment, Endless Security
LIC New Jeevan Shanti Plan delivers retirement dream simple. You invest lump sum once. Wait five years lock-in. Then monthly pension flows lifelong guaranteed. Targets salaried folks, business owners craving tension-free golden years. Moreover, government-backed LIC promises zero defaults ever. Therefore, beat volatile stocks, mutual funds risks completely. On the other hand, FDs tax eats yields – this annuity tax-efficient superior.
Launched secure post-retirement inflows steady. Families ditch pension worries forever. Urban professionals park PF, gratuity smart. Village landowners convert fields liquid income. NRIs fund parents back-home peace. Agents report 50% inquiries couples joint plans. Digital portals quote instant personalized. Early lock-in higher rates juicy 2025.
Policyholders share 20+ year runners testimonials. Medical bills, EMIs covered auto. Community seminars pack Delhi-Mumbai halls. No survival worries post-80s. Heirs secure nominee fallback strong.
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5-Year Lock-In Mechanics
Plan mandates 5-year deferment period post-investment. Funds grow LIC tables safe. Payouts commence year six monthly basis. Minimum entry ₹1.5 lakh scales unlimited. Therefore, ₹50 lakh investment yields crores lifetime rough. However, bigger sums bigger pensions proportional.
Surrender anytime post-lock-in returns principal protected. Partial withdrawals flexibility rare peers. Moreover, payout modes flex – monthly ₹8K+, quarterly, half-yearly, annual ₹1L+ choices. Nominee documents simple bank transfer swift. Joint life survives spouse seamless. Age 30 starters build decades ahead. Seniors 70s grab immediate post-wait security.
| Lock-In Benefit | Details |
|---|---|
| Period | 5 Years Minimum |
| Min Investment | ₹1.5 Lakh |
| Max Investment | No Upper Limit |
| Surrender | Full/Partial Anytime Post-Lock |
Single vs Joint Life Options
Choose Deferred Annuity Single Life solo security. Lifetime pension you alone. Death? Nominee claims full corpus documents easy. Perfect singles, second incomes.
Joint Life covers spouse survives first. Pension continues second partner 100%. Both pass? Nominee inherits balance. Therefore, couples 50s lock dual protection smart. However, rates adjust joint slightly higher premium logical. Family heads praise spouse fallback priceless. Divorce clause switches nominee flexible.
Women empowerment independent payouts post-husband. Widows continue seamless transfers. Policy upgrades mid-life add spouse optional. Actuaries crunch joint probabilities precise.
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Age Eligibility & Payout Flexibility
Entry age spans 30-79 years wide. Younger lock cheaper rates long hauls. Seniors maximize yields shorter expectancies. No health declarations needed risk-free shines. Moreover, payout tenures customize – monthly suits cashflow, annual lumpsum planners.
Bank auto-debit hassle-free. Quarterly reviews adjust inflation optional. Tax benefits Section 80C deductions upfront. Pension receipts 80C eligible yearly. NRIs NRE accounts compliant repatriable. Surrender values 90% protected early exits.
Village post-offices sell easy rural. Urban branches digital kiosks instant. Forums debate optimal ages detailed.
₹1 Lakh Annual Real Calculation
55-year-old invests ₹11 lakh example. Post-5-year wait, annual pension hits ₹1,01,880 guaranteed. Breaks monthly ₹8,149, half-yearly ₹49,911 precise. Scales linear – double investment doubles payout simple.
Therefore, 40-year starter ₹20 lakh secures ₹2 lakh+ yearly post-wait. 65-year senior ₹8 lakh yields ₹80K annual quick. Online calculators factor age, sum, option instant quotes. However, shop agents competition rates. NPS, EPF lumpsums perfect fit tax-free.
Compare bank FDs 6.5% post-tax ₹70K annual ₹11L. This annuity 9%+ effective superior. Lifetime 30 years ₹30 lakh+ returns crushes alternatives. Retirees run numbers daily dream.
| Age 55, ₹11 Lakh Investment | Payout Post-5 Years |
|---|---|
| Annual | ₹1,01,880 |
| Half-Yearly | ₹49,911 |
| Monthly | ₹8,149 |
| Min ₹1.5L Monthly | ₹1,000 Fixed |
Why Retirees Swarm This Plan
Bulletproof LIC 99% claims ratio trust unmatched. 35 crore lives covered legacy. No stock crashes, inflation erodes fixed. Low maintenance zero premiums post-pay. Moreover, surrender liquidity emergencies covered. Govt employees VRS favorites consolidate.
Business owners exit sales fund steady. Women post-50s independent streams. NRIs dollar hedges rupee safety. Therefore, 2025 sales surge 40% inquiries. Policy portable pan-India. Digital maturity alerts timely. Community trusts word-of-mouth explodes.
Tax planners endorse 80C + pension receipts combo. Break-even 12 years beats insurance peers. Heirs appreciate residue inheritance. Forums mod ECOPS tweaks max yields.
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FAQ
Minimum investment starts?
₹1.5 lakh min – scales unlimited, ₹11L example yields ₹1L annual post-5yrs easy.
Age range eligible?
30-79 years wide – younger cheaper rates, seniors max yields quick.
Single or joint better?
Joint spouse survives first ideal couples – nominee fallback both pass secure.
