LIC New Jeevan Shanti Policy: Invest Once, Earn ₹1 Lakh Pension Every Year
Retirement Worries Made Simple
The biggest fear after retirement is the sudden stop of monthly salary. That’s where the LIC New Jeevan Shanti Policy comes in. This single-premium annuity plan lets you invest once and receive a guaranteed pension for life, unaffected by market ups and downs. For many Indians, this scheme is a safe way to secure financial freedom after retirement.
Why Choose LIC New Jeevan Shanti?
- One-time investment, lifetime pension
- No market risk – returns are fixed in advance
- Flexible options – single-life or joint-life annuity
- Loan facility available after 3 months
- Deferment period of 1–12 years for higher pension
This plan is ideal for salaried professionals, business owners, retirees, and anyone who prefers safe investments over risky market-linked products.
Two Pension Options Explained
- Single-Life Annuity
- Pension continues for the policyholder’s lifetime.
- After death, the invested amount is returned to the nominee.
- Joint-Life Annuity
- Pension continues for both husband and wife.
- After one spouse passes away, the other keeps receiving pension.
- After both pass away, the nominee receives the invested amount.
Age & Investment Rules
- Minimum age: 30 years
- Maximum age: 79 years
- Minimum investment: ₹1.5 lakh
- Maximum investment: No limit
- Deferment period: 1–12 years (longer wait = higher pension)
How to Get ₹1 Lakh Pension Every Year
Example:
- Invest ₹11 lakh at age 55.
- Choose a 5-year deferment period.
- Starting at age 60, you receive ₹1 lakh+ annually.
- If you opt for monthly pension, you get ₹8,000+ per month.
This makes it a reliable retirement plan for those who want fixed income without worrying about market volatility.
Why This Policy Stands Out
Unlike mutual funds or stock-linked retirement plans, LIC New Jeevan Shanti offers certainty. Your pension is locked in at the time of purchase. No matter how markets perform, your payout remains unchanged.
It’s also backed by Life Insurance Corporation of India (LIC), one of the most trusted financial institutions in the country.
Additional Benefits
- Loan facility available after 3 months.
- Nominee benefits ensure family security.
- Flexible payout modes – annual, half-yearly, quarterly, or monthly.
- Tax benefits under Section 80C and 10(10D) of the Income Tax Act.
FAQs on LIC New Jeevan Shanti
Q: Is this policy market-linked?
👉 No, it’s a fixed annuity plan.
Q: Can I take a loan against this policy?
👉 Yes, after 3 months.
Q: What happens after my death?
👉 Pension stops, and the invested amount goes to your nominee.
Q: Can I choose monthly pension?
👉 Yes, you can opt for monthly, quarterly, half-yearly, or annual payouts.
Why Indians Prefer Annuity Plans
India’s retirement landscape is changing. With rising life expectancy and inflation, fixed pensions are becoming essential. LIC’s New Jeevan Shanti offers:
- Peace of mind with guaranteed income.
- Flexibility for family protection.
- Trust of a government-backed insurer.
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Final Word
The LIC New Jeevan Shanti Policy is a powerful retirement tool. With a one-time investment, you secure a lifetime pension. For those seeking stability, safety, and guaranteed income, this plan is one of the most attractive options available today.
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