new Delhi: The last date for depositing income tax is very close. In such a situation, every income tax payer wants to save his tax. But in the meantime, Life Insurance Corporation of India (LIC) has brought a great policy. The special thing about this policy is that even after retirement, money will continue to be earned every month.
Life peace scheme
Jeevan Shanti Scheme of LIC is specially for those who want to retain their income after retirement. While taking this policy, the policyholder has two options regarding pension. First Immidiate and Differed Annuity. This is a good way to get a certain amount at the time of retirement. Both plans have different features and benefits.
Understand Immidiate and Differed Annuity
Immediate means that you start taking pension soon after taking the policy. At the same time, deferred annuity means that you start taking pension some time (5, 10, 15, 20 years) after taking the policy. In the intermediate policy, you get 7 types of options. At the same time, two options are available in Defford. With this policy, customers also get the facility of loan. Also, you can surrender it anytime after 3 months.
An investment of at least 1.50 lakh is necessary
Under Jeevan Shanti Plan, it will be necessary to invest at least 1.50 lakh rupees. There is no limit on the maximum amount. You can deposit 5 lakhs or 10 lakhs or even more as per your convenience.
Only those over 30 years old are eligible to buy
You must be at least 30 years old to take the policy. At the same time, if the pension is needed immediately, then the maximum age should be 85 years. The maximum age for the difference plan should be 79 years.