Buy LIC policy online hassle free
Secure your post-retirement life with a monthly pension of Rs. 1 Lakh with the LIC New Jeevan Shanti Plan
LIC New Jeevan Shanti is a single premium plan that offers lifelong income protection after retirement. The plan has been modified recently and now offers higher incentive rates ranging from Rs.3/- to Rs.9.75 per Rs.1000/- purchase price based on the Purchase Price and deferment period opted.
LIC Plans —
Tax saving under Sec 80C & 10(10D)^
Guaranteed maturity with life cover for securing family's future
Sovereign guarantee as per Sec 37 of LIC Act
We are rated++
10.5 Crore
Registered Consumer
51
Insurance Partners
5.3 Crore
Policies Sold
Now Available on Policybazaar
Secure your Retirement with LIC
100% Guaranteed Pension For Life
100% Guaranteed Pension For Life
-
Home
-
LIC of India
- Secure your post-retirement life with a monthly pension of Rs. 1 Lakh with the LIC New Jeevan Shanti Plan
Among all the LIC Pension Plans, LIC New Jeevan Shanti is the only deferred annuity scheme, wherein the policyholder will start receiving the annuities/pension after a certain duration called the ‘deferment period’. Among many features, the LIC Jeevan Shanti plan offers flexibility in the death benefit payout. A policyholder has the option to either choose a lump sum amount or installments for 5, 10, or 15 years.
In addition to this, the plan comes with two annuity options:
1: Deferred annuity for Single life Option
2: Deferred annuity for Joint life
How to Receive 1 Lakh/month with LIC New Jeevan Shanti?
-
With Deferred annuity for Single life
If you're a 35-year-old individual, you will receive a monthly pension of Rs 1.06 lakh, if the purchase price of the plan is Rs. 1 Crore with a deferment period of 12 years.
-
With Deferred annuity for Joint life
If you are a 35-year-old individual and your wife is 32 years old, you will receive a monthly pension of Rs. 1.03 lakh, if the purchase price of the plan is Rs. 1 Crore with a deferment period of 12 years.
You can change the purchase price and deferment period of the plan as per your own needs and budget. Checkout the updated LIC New Jeevan Shanti plan for more details.
Different types of Plans
*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
˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in
LIC Plans
LIC Amritbaal
LIC Index Plus
LIC Jeevan Dhara II-872
LIC Jeevan Utsav
LIC Jeevan Kiran
Show More Plans
LIC Calculator
- One time
- Monthly
₹
/ Year
Sensex has given 10% return from 2010 - 2020
View plans
LIC of India articles
Recent Articles
Popular Articles
16 Oct 2025
4 min read
LIC Jan Suraksha (plan no. 880) is a newly launched micro
14 Oct 2025
3 min read
LIC Digi Term is a simple and affordable term insurance plan
14 Oct 2025
4 min read
The LIC Nivesh Plus policy status check is easy with the help of
09 Sep 2025
5 min read
LIC HFL Customer Care offers reliable support to address all
