LIC Jeevan Shanti LIC Jeevan Shanti is another single premium ensured annuity plan which is propelling on twelfth September 2018. It offers the ensured benefits with alternatives like a quick annuity or conceded benefits. You might know that LIC’s Jeevan Akshay VI additionally offers the ensured annuity plan. In any case, LIC’s Jeevan Akshay is […]
Category: LIC Pension Plans
Lic New Jeevan Nidhi
Lic New Jeevan Nidhi Pension Plan Benefits – 818
Lic New Jeevan Nidhi 812, is a with profits conventional pension policy Combination of security features and saving plan. Lic Jeevan Nidhi Plan provides for death cover during the defer period.The New Jeevan Nidhi Pension Plan the life policy holder to get a good pension monthly after retirement. LIC Jeevan Nidhi Pension Plan ensures that you lead a happy life on your terms even after retirement.
This plan is a financial security your income starts to decrease gradually, you can still live with pride on your living standards without compromising. Due to the rising inflation, & high cost of living & inflation, This is a best plan retired life pension plan.
LIC New Jeevan Nidhi Policy Conditions
|Minimum Age entry||20 Years (near birth day)|
|Maximum Age entry||58 Years (near birth day)|
|Maximum Age Vesting||55 Years|
|Minimum Def.period||7 Years|
|Maximum Def.period||35 Years|
|Min.Basic Sum Assured||1,50,000|
|Max.Basic Sum Assured||No limit|
|Mode||Yearly, half year, quartyl ,monthly, Ecs|
|High Sum Assured Rebats||3 Lac & above Rs.2|
LIC Jeevan Nidhi Pension Plan Features
LIC New Jeevan Nidhi Annuity Plan is a Pension Plan.
Guaranteed Additions – The Jeevan Nidhi Pension Plan provides Guaranteed Additions at the rate of Rs. 50/- per thousand Basic Sum Assured for first 5 completed years.
Participation in Profits: This LIC New Jeevan Nidhi Policy allows participation in Profits in the form of Bonus from the 6th policy year onwards.
Accidental Death and Disability Benefit Rider offered by LIC is available under this plan.
2 Options available in this policy
1.Maturity: Purchase deferred annuity
Purchase immediate annuity.
Accident Benefit Sum assured has been increased from Rs. 25,000/- to Rs. 1,00,000/-.
Benefits lic new Jeevan Nidhi Annuity Plan
Free Look Period
The policyholder is not satisfied with the “Terms and Conditions” of the LIC Jeevan Nidhi Retirement plan,
He may return the insurance policy to the Corporation within 15 days from the date of receipt of the policy.
Death Benefit at any time shall not be less than 105% of the total premiums paid which excludes extra premiums, all taxes, and rider premium if any.
Death before first five policy years
Provided the Pension policy is in full force
The nominee will get the Sum Assured + Accrued Guaranteed Additions which can be paid in a lump sum to the nominee, provided all premiums have been paid.
Death after first five Policy years
The legal heir will be provided the Basic Sum Assured + accrued Guaranteed Additions + Final Additional Bonus + Simple Reversionary, if any, which can be paid in a lump sum or as the annuity or a combination of the two, provided all premiums have been paid.