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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
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