LIC New Jeevan Shanti
Single Premium Deferred Annuity
Min Investment₹1,50,000 one-time (single premium)
Service ProviderLife Insurance Corporation of India (LIC)
Entry Age30–79 years
Description
A single-premium deferred annuity plan that lets you pay once and build a retirement corpus, then start receiving a guaranteed pension for life after a deferment period you choose.
- Guaranteed income for life after the chosen deferment period
- Choice of annuity options, including joint life
- Loan facility available after 3 months
- Purchase price returned to nominee on death
- Indian resident aged 30 to 79 years
- Single premium (one-time) payment only
- Available for individual and joint life annuity
Terms & Conditions
Benefits are as per the policy document issued by LIC. Annuity rates, deferment period options and surrender terms are subject to LIC's current New Jeevan Shanti policy wording.