licvijayakumar.com

Plan No. 850

Benefits:

Pay Single Premium and get Guaranteed pension for Lifetime
Choose from
1. Immediate pension or deferred pension options
2. Joint life pension or increasing income every year
3. Death benefit in lumpsum or in yeraly installments
Loan availability after completion of 1 year
Tax Benefit on premiums paid u/s 80C

Product Info:

Jeevan Shanti is a Single Premium Payment plan with guaranteed pension for lifetime
It has multiple options of taking pension from joint life pension for lifetime or increasing pension every year
The pension can be commenced immediately, or it can also be deferred
Guaranteed Bonus which will be added every month to the policy
The loan is available after the completion of 1 Year
The NPS subscribers can also opt for this pension plan
Death benefit can be availed in lumpsum or in installments
The policy holder will get the tax benefit u/s 80C

Eligibility Criteria
	Min.	Max.
Purchase Price	Rs.1,50,000/-	No Limit
Pension	Rs.1,000 Monthly Rs.3,000 Quarterly Rs.6,000 Half-Yearly Rs.12,000 Yearly	No Limit
Age	30 Years (Last Birthday)	Immediate Pension 85 Years except Option F 100 Year for Option F Deferred Pension 79 Years
Deferment Period Applicable only for Deferred Pension	1 Year	20 Years
Vesting Age Applicable only for Deferred Pension	31 Years	80 Years