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Home » Products » Pension Plan » Jeevan Shanti
Jeevan Shanti

Plan

Policy Document (699 KB)
  • This is a single premium plan wherein the Policyholder has an option to choose an Immediate or Deferred annuity.
  • The annuity rates are guaranteed at the inception of the policy for both Immediate and Deferred Annuity and annuities are payable throughout the life time of Annuitant(s).
  • This plan can be purchased offline as well as online. To purchase the plan online, please log on to our website www.licindia.in
 

Benefits

  • Make one time investment and get Guaranteed life long income.
  • 9 different annuity options to choose from to suit every need and circumstance.
  • Option to choose either Immediate Annuity or postpone it to a future date as Deferred Annuity.
  • Annuity rates are guaranteed from inception of the policy.
  • Guaranteed additions during deferment period.
  • This policy can be taken on own life or as joint life with grandparent, parent, children, grandchildren, spouse or siblings.
  • Loan Available: Loan facility shall be available after completion of 1 policy year.
  • Surrender Allowed: The policy can be surrendered at anytime after three months from the completion of policy when Annuity Option is with return of purchase price.
  • Free look Period: If the Policyholder is not satisfied with the “Terms and Conditions” of the policy, the policy may be returned to the Corporation within 15days.
  • Option to take the plan for the benefit of handicapped dependant (Divyangjan) life

Download English brochure
Life Insurance Corporation of India – Corporate Office : Yogakshema Building, Jeevan Bima Marg, P.O. Box No – 19953, Mumbai – 400 021 IRDAI Reg No- 512
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