LIC Jeevan Shanti – 850 (Revised) Unique Pension Plan
Jeevan Shanti (Plan No 850) is LIC’s most popular Single premium, Deferred Annuity plan. Annuity means fixed annual payments or pension. In a deferred annuity, payments start after the deferment period chosen by the investor.
In Jeevan Shanti deferment period can be chosen from one year to 20 years according to the wish of the policyholder. The greatest advantage of Jeevan Shanti is that the annuity rates fixed at the start of the policy are guaranteed throughout the life of the policyholder. In other words, your annuity rates are protected from interest rate fluctuations and market risks throughout the period of the policy.
