LIC New Jeevan Shanti Policy – Your Lifelong Partner for a Secure Retirement!

LIC of India has introduced a marvellous new annuity plan – New Jeevan Shanti – which guarantees you a secure and hassle-free retired life! Just like our other popular annuity schemes, this one too comes with a number of great features and benefits.

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We are rated++
rating
9.7 Crore
Registered Consumer
51
Insurance Partners
4.9 Crore
Policies Sold

How the Jeevan Shanti Policy Works

The way the Jeevan Shanti policy works is very straightforward. You make an initial investment, and then start receiving annuities/pension payments after a certain duration called the ‘deferment period’. The amount of pension you receive each month is not fixed but rather is based on your investment, age and deferment period. In addition, an additional benefit amount accrues every month during the deferment period. This amount is payable along with the death benefit.

Unique Benefits of the LIC New Jeevan Shanti Plan

  • Pension with a Lifetime Guarantee: One of the biggest concerns people have during retirement is how they will be able to meet their expenses without a steady income. With the LIC New Jeevan Shanti policy, you can rest assured that you will have a regular stream of income in the form of a pension for life!

  • Deferment Period: This period allows the money invested by pensioners to grow. In fact, the longer the period between investment and the start of your pension, the higher your pension amount will be. The life cover remains active during this period.

  • Accrual of Interest: An additional benefit amount accrues every month during the deferment period. This amount is payable along with the death benefit.

*Extra Annuity Rates: A higher purchase price (above Rs.5 Lakhs) will earn you extra annuity rates.

retire karo befikar retire karo befikar

To Sum Up

The LIC New Jeevan Shanti policy is a great way to ensure that you have a comfortable retired life. With different investment options and deferred periods, this policy gives seniors the flexibility to choose what works best for them. So if you are a senior citizen looking for peace of mind about your finances after retirement, look no further than LIC New Jeevan Shanti Policy.

Lic Hub

The LIC of India offers an array of insurance and investment products to cater to the needs of a diverse range of customers. Let us take a look at the various types of plans offered by Life Insurance Corporation of India:

  • Tax Saving
  • Investment Plans
  • Senior Citizens
  • Kids Plan
  • Women

LIC for TAX Saving:

Enjoy the dual benefit of tax deductions under Section 80C and comprehensive insurance coverage with LIC’s tax-saving policies.

Best LIC for Investment:

Explore LIC's top-performing plans, which provide the perfect blend of investment growth and insurance protection to achieve your financial aspirations.

LIC for Senior Citizens:

Ensure a peaceful and financially stable retirement with LIC plans offering guaranteed returns, life cover, and regular income options.

LIC for Kids:

Protect and plan your child’s education, marriage, and future goals with LIC’s specialized child insurance plans that combine savings and life cover.

LIC for Women:

LIC offers plans tailored for women, focusing on their unique needs. These plans include savings, life cover, and financial independence to secure a brighter future.


*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
^Tax benefit are for Investments made up to Rs.2.5 L/ yr and are subject to change as per tax laws.
+Returns Since Inception of LIC Growth Fund
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
++Returns are 10 years returns of Nifty 100 Index benchmark
˜Top 5 plans based on annualized premium, for bookings made in the first 6 months of FY 24-25. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in

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LIC New Jeevan Shanti Policy – Your Lifelong Partner for a Secure Retirement! Reviews & Ratings

4.8 / 5 (Based on 27 Reviews)
(Showing Newest 10 reviews)
Meer
Chalakudy, April 16, 2021
Easy claim settled
I bought the Lic India term plan from the suggestion of my family friend and he recommended me a lot of plans. He said that the claim settlement ratio is quick and easy. Also, it is protective plan.
Jyotsana
Asifabad, April 14, 2021
Additional riders
Along with my Lic India term insurance plan I have got the additional riders too. It has been an important thing for me and can be useful at any point in time. It can be added with a minimal amount.
Nimesh
Lakhimpur Kheri, April 13, 2021
Tax rebate
I bought a Lic India term insurance policy online and it has been into my budget. Also, I like one thing that I would able to get the tax benefits under it. It is a good option and can be beneficial for all tax payers.
Amit
Raghunathpur, April 09, 2021
Happy customers
I am one of the happiest customer of Lic India term plan and I have found various good deals. It is the plan which has come under my budget. And it has been a protective shield for me and my family.
Azam
, April 09, 2021
Good Benefits
It is important for everyone to understand that benefit is must when you are buying a child insurance plan. I bought a beneficial child plan of LIC India.
Seema
Agra, April 07, 2021
Good plan
I like my Lic India term plan from the online market and I found the solace in this plan. It is a good thing to support yourself by getting the best term plan so secure the life.
Ashraf
Babina, March 23, 2021
Additional riders and benefits
It is a good idea for everyone to buy a LIC term plan as I have got the additional riders too under the same. The plan is very nice and much helpful.
Naman
Anantnag, March 22, 2021
Tax benefits
With this LIC term insurance plan I received a tax rebate and tax benefits. I found it much better as compared to other plans and it’s a kind of coverage and investment for me. I am totally happy with this plan and found it worthy.
Chetan
Mawana, March 16, 2021
Secure your family
I have secured my family by buying a LIC term insurance plan. It is a long term plan with a lot of benefits under the same. At-least I will be satisfied that my family will safe and financially secured after I am not around. It’s a great plan under my budget.
Bibek
Baleshwar, March 02, 2021
Premium payment is easy
It’s really easy to pay for the premium amount of my lic India term plan. Also, I pay it online because it is transparent in nature. I bought this plan like about 4 years back and continuing it for its safety purposes.
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