LIC New Jeevan Shanti Plan 858: How to get Rs 1 lakh per month pension

• 30-Jan-2023
• 318

The annuity rates for LIC New Jeevan Shanti (Plan no.858) have been revised with effect from January 05, 2023. LIC New Jeevan Shanti Plan 858 is a single premium plan wherein policy holder has the option to choose between Single life and Joint life deferred annuity. The modified version of this plan with enhanced annuity rates shall be available for sale from the above mentioned date (05.01.2023). The incentive for Higher Purchase Price is also enhanced. It ranges from Rs 3 to Rs 9.75 per Rs 1000 purchase price of based on the Purchase Price and deferment period opted. LIC says that the plan is tailor-made for “working and self-employed professionals who wish to plan for future regular income after a deferment period. The plan is also suitable for people having surplus money with them for investment. Being a deferred annuity plan young professionals can plan for their retirement from an early stage”.