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Jeevan Shanti Plan (T-850)

Home Policies Jeevan Shanti Plan (T-850)

Now About Jeevan Shanti Plan (T-850)

Calculate your Premium for this plan

LIC Jeevan Shanti Plan is a Single Premium Guaranteed Pension Plan with Immediate & Deferred Pension options and can be opted for both single and joint life. This plan provides lifetime guaranteed pension as per the option chosen at the beginning of the policy. Jeevan Shanti Plan is also allowed for lives including 3rd gender.

Why LIC Jeevan Shanti Plan is a Unique Plan-

  • Guaranteed rates for lifetime for immediate as well as for deferred options.
  • Guaranteed additions during accumulation period (1-20 years) for deferred pension option.
  • Guaranteed death benefit of 110% in deferred pension option.
  • LIC Jeevan Shanti Plan is also available for those with dependents who are differently abled or Divyangjan.
  • In joint life option for deferred pension relatives can also take jointly (Grandparent,Parent,Children,Grandchildren,Spouse,Siblings).
  • Deferment of Tax Liability.
  • Best suitable for those who have not opted for any pension plan and are in younger age group of 30-45 years with deferred pension option.
  • Liquidity through Loan & Surrender.
  • No medical formalities for any investment.

 LIC Jeevan Shanti – Immediate Annuity  Eligibility Criteria :

  Minimum Age at Entry 30 years (Last Birthday)
  Maximum Age at Entry 85 Years (100 years for option ‘F’)
  Minimum Purchase Price Rs 1,50,000
  Maximum Purchase Price  No Limit
Minimum Annuity  Monthly Quarterly Half-Yearly Yearly
  ₹1000   ₹3000   ₹6000  ₹12,000

Options Available:

  • Annuity payable for life at a uniform rate.
  • Annuity payable for 5, 10, 15 or 20 years certain and thereafter as long as the annuitant is alive.
  • Annuity for life with return of purchase price on death of the annuitant.
  • Annuity payable for life increasing at a simple rate of 3% p.a.
  • Annuity for life with a provision of 50% of the annuity payable to spouse during his/her lifetime on death of the annuitant.
  • Annuity for life with a provision of 100% of the annuity payable to spouse during his/her lifetime on death of the annuitant.
  • Annuity for life with a provision of 100% of the annuity payable to spouse during his/ her life time on death of annuitant. The purchase price will be returned on the death of last survivor.

LIC Jeevan Shanti – Deferred Annuity Eligibility Criteria :

  Minimum Age at Entry                               30 Years
  Maximum Age at Entry                               79 Years
  Minimum Deferment

             Period

                              1 Year
  Maximum Deferment                      Period                               20 Years
  Minimum Vesting Age                               31 Years
  Maximum Vesting Age                               80 Years
  Minimum Purchase Price                                1,50,000
  Maximum Purchase Price                               No Limit
  Minimum Annuity Monthly Quarterly Half-Yearly Yearly
1000 3000 6000 12,000

 

 

Options Available:

1 – Single Life

2 – Joint Life

 

LIC Jeevan Shanti Plan