LIC Jeevan Shanti is a Single Premium annuity plan which guarantees you a fixed annuity for life. The return depends upon the deferment period you choose which is available between 1 year to 12 years. The pension would start after completion of the deferment period. If you choose a 12 years deferment, the return is approx. 10% and if you choose 1 year deferment the return is 5.5%. The plan can be taken either individually or jointly with your spouse. In case of joint life, the pension is paid to the second annuitant after the death of the first annuitant. The risk cover during the deferment period is higher and after the deferment period it becomes 105% of the purchase price.

WHY NRIs SHOULD INVEST IN JEEVAN SHANTI?

• MOST SECURED INVESTMENT
• SINGLE PREMIUM
• SECURITY AGAINST FALLING RATE OF INTEREST
• SINGLE LIFE & JOINT LIFE
• ASSIGNMENT OPTION
• MULTIPLE ANNUITY OPTIONS
• DEATH BENEFIT

To buy or for more details please visit or call us at +91-9230091000…(read more)

LEARN MORE ABOUT: Retirement Annuities

REVEALED: How To Invest During Inflation

HOW TO INVEST IN GOLD: Gold IRA Investing

HOW TO INVEST IN SILVER: Silver IRA Investing

LIC Jeevan Shanti is a popular pension/annuity plan offered by the Life Insurance Corporation of India (LIC). This plan is particularly beneficial for Non-Resident Indians (NRIs), as it provides a secure and steady income stream during their retirement years.

Jeevan Shanti is a single premium plan, which means that NRIs can make a one-time payment and enjoy the benefits of the plan for the rest of their lives. This makes it a convenient and hassle-free option for NRIs who may not have the time or resources to constantly monitor and manage their retirement savings.

One of the key features of Jeevan Shanti is the flexibility it offers in terms of the payout options. NRIs can choose between immediate and deferred annuity options, as well as single life and joint life annuity options. This allows them to customize the plan according to their specific retirement needs and goals.

Furthermore, Jeevan Shanti offers a wide range of annuity options, including a guaranteed annuity for a specific period or a lifetime, as well as increasing annuity options to help NRIs keep up with inflation. This ensures that NRIs can enjoy a consistent and reliable income stream that will support them throughout their retirement years.

Another attractive feature of Jeevan Shanti is the option to choose the frequency of the annuity payouts. NRIs can choose to receive their annuity payments on a monthly, quarterly, half-yearly or annual basis, depending on their individual preferences and financial requirements.

In addition to these features, Jeevan Shanti provides NRIs with a range of tax benefits, making it a highly attractive option for those looking to save for retirement. NRIs can take advantage of tax exemptions on the premiums paid, as well as tax-free annuity income.

Overall, LIC Jeevan Shanti is an excellent pension/annuity plan for NRIs, offering a secure and flexible way to save for retirement. With its range of payout options, annuity choices, and tax benefits, Jeevan Shanti provides NRIs with the peace of mind and financial security they need to enjoy their retirement years to the fullest.