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LIC Policy, If you invest in this LIC plan once, you will receive a monthly pension

LIC policy

A pension plan (LIC policy) called LIC Jeevan Shanti Yojana offers investors fantastic returns. The policyholders have the choice to select between a Single Life or Joint Life Deferred Annuity under this single premium plan.

To secure a good pension in the future

people invest in a variety of industries. An initiative known as the Jeevan Shanti LIC policy has been introduced by the Life Insurance Company of India. It is made for people who seek consistent income, whether it be monthly, quarterly, half-yearly, or annual. With this LIC policy, a minimum investment of Rs. 1.5 lakh is needed. If you invest in this program, you can enjoy a comfortable retirement.

The Life Insurance Company of India recently modified its annuity rates.

Policyholders will now receive a larger pension in place of premiums. This program also benefits those who desire early retirement. Pensions may be initiated right now or at any time in the next one to 20 years.

The quality of the pension increases with a premium amount.

Anybody between the ages of 30 and 79 may purchase this LIC policy. With this strategy, there is no maximum investment amount. You may pay however much you choose. According to the LIC calculator, you will need to pay a sizable sum if you desire a generous monthly pension.

You will receive Rs 11,192 as a pension each month if you buy a LIC policy for Rs 10 lakh

in a delayed annuity for a single life, according to the LIC Jeevan Shanti calculator policy. You would continue to receive a pension of Rs 1000 each month if you invest Rs 1.5 lakh.

LIC Policy Pension Plan, you must deposit Rs 1 crore for 12 years

if you want a Rs 1 lakh per month pension. When the LIC policy matures after 12 years, you would receive a pension of Rs. 1.06 lakh per month. If you only want to invest for ten years, you would receive a monthly pension of Rs 94,840 upon maturity.

Instead, you only need to deposit Rs. 50 lakh

if you only want Rs. 50,000 monthly annuities. You will receive an income of Rs 53,460 per month if you invest Rs 50,000 each month for 12 years.

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