LIC Jeevan Shanti Plan

Gift yourself a Monthly paycheque for a wonderful life after retirement
LIC’s Jeevan Shanti is a guaranteed pension plan (Plan No: 850), where the pension is payable thru out your life on payment of Single lump sum amount. This plan gives you a flexible option to take pension Immediately or on a later pre-decided date. There are 10 different pension options available. Pension can be taken on the Single life (or) Joint life.

Key features of the plan

  • It is guaranteed pension plan.
  • Premium has to be paid only once.
  • No medical examination for any age
  • Can choose for Immediate Pension or Deferred Pension (postponed pension)
  • Deferred period avaiable from 1 to 20 years
  • Option to take Pension Monthly/ Quarterly/ Half-yearly/ or Yearly.
  • Pension can be taken on Single life or Joint life
  • Joint life includes close relatives like Spouse/ Parents/ Children/ Grand children/ Siblings.
  • Loan facility
  • Surrender of policy avaiable
Minimum Age at entry 30 Years (completed)
Maximum Age at Entry 85 years (completed)
Minimum Single Premium 1,00,000 (No Maximum Limit)
Medical requirement Not required
Mode of Pension Yearly, Half yearly, Quarterly, Monthly
Loan After 1 year of policy