LIC New Jeevan Shanti (Plan No. 758)

LIC’s New Jeevan Shanti (Plan 758) is a single premium deferred annuity plan. You invest a lump sum today and choose when your pension should start. The pension rate is locked at the start, so you know exactly how much you will get for life. Single life and joint life options are available.

How LIC New Jeevan Shanti works

• Pay one-time purchase price.
• Choose the deferment period – pension starts after it.
• Choose single life or joint life (with spouse) annuity.
• Pension paid monthly, quarterly, half-yearly or yearly for life.
• On death, the death benefit is paid to the nominee as per the option chosen.

Who should buy this plan?

• People 5–10 years away from retirement
• Those with a lump sum who want guaranteed pension later
• Couples wanting joint life pension

Important points before you buy

• Annuity rates are fixed at purchase.
• Pension is taxable as income.

Living abroad? Read LIC New Jeevan Shanti for NRIs.

Why buy LIC New Jeevan Shanti through Vedpal Singh?

• 20+ years of experience with LIC in the Chandigarh tri-city; Development Officer at LIC’s Manimajra branch.
• Honest comparison of plans – we suggest what fits your goal and budget, including term cover where needed.
• Doorstep service for proposal, KYC and medicals in Chandigarh, Mohali, Panchkula and Zirakpur.
• Lifetime after-sales help: premium reminders, loans, nominee change, revival and claim support for your family.

Frequently asked questions

Source: plan details summarised from LIC’s official plan list and brochures on licindia.in. Features, eligibility and rates may change – the latest LIC sales brochure prevails.

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