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
- 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 | |
