PERSONAL FINANCE
The plan has no maximum purchase price limit, so the higher the purchase price is paid, the higher annuity will be received by the customers. LIC provides a calculator through its official website which will help estimate the annuity one can receive by paying a specific purchase price.
Life Insurance Corporation of India (LIC) is one of the most trusted companies in India with a wide variety of policies to offer its customers. LIC recently updated the New Jeevan Shanti (Plan No. 858) and now it will provide a higher annuity rate and enhanced purchase-price-based incentives.
LIC's New Jeevan Shanti is a very good option for people to retire early with a fixed monthly quarterly, half-yearly, or annual cash flow. One needs to pay a purchase price and wait for the deferment period (from 1 to 12 years).
READ | Sidharth Malhotra-Kiara Advani's wedding venue, guest list revealed, check latest updates
The plan has no maximum purchase price limit, so the higher the purchase price is paid, the higher annuity will be received by the customers. LIC provides a calculator through its official website which will help estimate the annuity one can receive by paying a specific purchase price.
Let us tell you how much you need to pay for a monthly pension of Rs 1 lakh and Rs 50,000.
Rs 1 lakh per month pension with LIC's New Jeevan Shaanti Plan
The LIC calculator shows that a purchase price of Rs 1 crore will give a monthly pension of Rs 1.06 lakh when the deferment period is 12 years. If the deferment period is 10 years, the monthly pension will reduce to Rs 94,840.
Rs 50,000 per month pension with LIC's New Jeevan Shaanti Plan
A purchase price of Rs 50 lakh will give a monthly pension of Rs 53,460 when the deferment period is 12 years.
If the deferment period is 10 years, the monthly pension will reduce to Rs 47,420.
The calculator can also be used via the LIC website to get an idea about how much pension you can get in several scenarios.
Meet Trisha and Sanidhi, daughters of BJP's Parvesh Verma, who defeated Arvind Kejriwal
New entrant in grocery quick-commerce, ready to compete with industry giants
Transforming the news and media industry with Generative AI: Expert insights by Sanjay Jain
Dr Tanvi Tijoriwala, ND shedsputs light on balancing skin barrier during rising temperatures
How PM Modi's magic shattered Arvind Kejriwal and his third-term hope in Delhi?
Ahmedabad: Fire breaks out at Sabarmati bullet train station, check details
Meet Sunita Kejriwal, Arvind Kejriwals's wife, who was former IRS officer, met him during...
BIG blow for Meta employees, Mark Zuckerberg's company to layoff employees from..., reason is...
Amitabh Bachchan sparks major concern among fans with cryptic post, writes 'time to go'
Taylor Swift 'feels used' by Blake Lively, wishes she didn't drag her into Justin Baldoni case
Meet IAS officer who failed five times before cracking UPSC exam, cleared in 6th attempt with AIR...
Delhi Election Result 2025 Live Updates: Check full list of winners and losers in Delhi elections
Who is Kabir Bahia, Kriti Sanon's rumoured boyfriend who hid his face from paps
Delhi Election Result 2025: AAP's Arvind Kejriwal vs BJP's Parvesh Verma; key contests to watch out
Bank holidays in February 2025: Check if banks are open or closed on February 8?
Cristiano Ronaldo sends heartfelt retirement message to former Real Madrid teammate Marcelo Viera
Jeet Adani, Diva Shah are now married! Here's why their wedding was more than a mere celebration
IIT-BHU student gets highest package of Rs..., average package in 2025 is...
Music composer Anu Malik sells two Mumbai flats in Santacruz West for Rs..., co-owner is...
Jeet Adani and Diva Shah are now married; video of varmala ceremony goes viral, WATCH
Jeet Adani-Diva Shah wedding: Gautam Adani shares first pics of son's wedding, see here
Can Kejriwal win prestige battle? What are the key factors that dominated Delhi assembly polls 2025?
Subhash Ghai makes big investment, buys plush 4BHK apartment in Mumbai for...
Metovalex App Review 2025: Legit Or Scam Trading AI? - Real User Facts!
Deepinder Goyal's Zomato rebranded Eternal: Everyone has the same question
Thief gifts Rs 3cr house to girlfriend, everyone shocked after...
Who is Meghnad S? YouTuber and journalist who contested Delhi assembly polls 2025 from...
Does Sanya Malhotra's 'Mrs' promote a no-marriage culture among women?
BIG blow to Sundar Pichai as Google loses Rs 17501260000000 due to…
Caring for Ageing Parents? Essential tips to manage health, finances, and well-being
Meet Gautam Adani’s daughter-in-law Paridhi Adani: Know about her assets, career, family, and more
Jeet Adani-Diva Shah wedding: Inside pics from Gautam Adani's son's wedding festivity
Why has Premanand Maharaj stopped his morning yatras at 2 am?
Sonu Sood BREAKS SILENCE on arrest warrant against him in fraud case: 'It is sad that celebs...'
Akshata Murty once confronted her father and Infosys co-founder Narayana Murthy: 'My real dad is...'
Meet Alexis Wilkins, Trump's FBI chief pick Kash Patel's 'mystery girlfriend,' her profession is...
Fire breaks out at Mahakumbh Nagar camp, officials say no casualties reported so far
Who is Mohini Mohan Datta, mystery man set to get Rs 500 crore through Ratan Tata's will?
Cristiano Ronaldo makes shocking statement, breaks Portugal's hearts: 'I never thought about...'
Ludhiana court issues arrest warrant against Sonu Sood in fraud case
Happy Rose Day 2025: Significance of different coloured roses on Day 1 of Valentine's week
Salman Khan REVEALS why he avoids eating beef and pork: 'Main maanta hu meri maa...'