Work Hours
Monday to Saturday: 8AM - 8PM
Weekend: 10AM - 6PM
Best LIC Agent in Kolkata, Somenath Naskar.
Schedule your FREE consultation today and let me help you find the best Insurance plan for you!
Call me on the below given number.
Are you looking for a reliable way to ensure financial stability in your retirement years? Look no further than LIC New Jeevan Shanti, a game-changing deferred annuity plan from Life Insurance Corporation of India. As the best LIC agent in Kolkata, I’m excited to share everything you need to know about this innovative product.
Table of Contents
Key Takeaways
- LIC New Jeevan Shanti is a deferred annuity plan offering guaranteed income post-retirement
- Choose between single life and joint life options
- Minimum purchase price of Rs. 1,50,000 with no upper limit
- Flexible annuity payout options
- Potential tax benefits under current laws
What is LIC New Jeevan Shanti?
LIC New Jeevan Shanti is a non-linked, non-participating, individual, single premium deferred annuity plan. In simpler terms, it’s a retirement savings product that allows you to invest a lump sum amount now and receive regular income (annuity) after a chosen period.
Key Features:
- Single premium payment
- Guaranteed annuity rates at policy inception
- Option to choose between single life and joint life annuity
- Flexibility in annuity payout modes (yearly, half-yearly, quarterly, monthly)
- Tax benefits under existing laws
Why Choose LIC New Jeevan Shanti?
- Financial Security: Guaranteed income for life after retirement
- Customizable: Choose from various options to suit your needs
- Trusted Brand: Backed by LIC, India’s largest life insurer
- Tax Benefits: Potential tax advantages on premium and annuity payments
How Does LIC New Jeevan Shanti Work?
Let’s break down the plan’s structure:
- Purchase: You pay a single premium (minimum Rs. 1,50,000)
- Deferment Period: Choose a period between 1 to 12 years
- Vesting: At the end of the deferment period, your policy “vests”
- Annuity Payouts: Regular income starts as per your chosen option and frequency
Annuity Options Explained
LIC New Jeevan Shanti offers two primary options:
- Option 1: Deferred Annuity for Single Life
- Ideal for individuals
- Annuity paid for the lifetime of the annuitant
- Option 2: Deferred Annuity for Joint Life
- Perfect for couples
- Annuity continues even after the death of the primary annuitant
Pro Tip: Choose Option 2 if you want to ensure financial security for your spouse even after your lifetime.
Eligibility Criteria
| Criteria | Details |
|---|---|
| Minimum Age at Entry | 30 years |
| Maximum Age at Entry | 79 years |
| Minimum Deferment Period | 1 year |
| Maximum Deferment Period | 12 years |
| Minimum Purchase Price | Rs. 1,50,000 |
| Maximum Purchase Price | No limit |
Benefits of LIC New Jeevan Shanti
During Deferment Period:
- Death Benefit: Higher of 105% of Purchase Price or Purchase Price plus Accrued Additional Benefit on Death
After Deferment Period:
- Regular annuity payments as per chosen option and frequency
- Death Benefit for nominees in case of policyholder’s demise
Surrender and Loan Facility
- Surrender: Available anytime during the policy term
- Loan: Available after 3 months from policy issuance
“LIC New Jeevan Shanti is not just a plan; it’s a promise of financial security in your golden years.” – Somenath Naskar, LIC Agent in Kolkata
Tax Benefits
LIC New Jeevan Shanti offers potential tax benefits under existing laws. However, I always recommend consulting a tax advisor for personalized advice based on your financial situation.
How to Purchase LIC New Jeevan Shanti?
- Contact an LIC Agent: As the best LIC agent in Kolkata, I can guide you through the process. Call me at 7980031260 for personalized assistance.
- Online Purchase: Visit LIC’s official website www.licindia.in
- LIC Branch: Visit your nearest LIC branch office
Remember, securing your financial future is crucial. LIC New Jeevan Shanti offers a reliable path to ensure a stable income in your retirement years. As your trusted LIC agent in Kolkata, I’m here to help you make the best decision for your future.
Ready to secure your golden years? Call me, Somenath Naskar, at 7980031260 for expert advice and assistance in purchasing LIC New Jeevan Shanti.
FAQs
Can I change my annuity option after purchasing the policy?
No, the annuity option once chosen cannot be altered.
Is there a free look period for LIC New Jeevan Shanti?
Yes, there’s a 30-day free look period from the date of receipt of the policy document.
What happens if I need money during the deferment period?
You can surrender the policy or avail a loan against it after 3 months from policy issuance.
Can I purchase this plan for my differently-abled dependent?
Yes, there’s a special provision for purchasing this plan for dependents with disabilities (Divyangjan).
Is the annuity taxable?
Annuity received is generally taxable. However, tax laws are subject to change. Consult a tax advisor for the latest information.
Explore Various LIC Plans and Policies
