One of India’s most reputable businesses, Life Insurance Corporation of India (LIC), offers its clients a wide range of insurance policies. When it comes to insurance in the country, it is at the top of the list. But LIC is also well-known in the industry for its excellent returns in addition to its insurance coverage. The programs and policies provided by LIC are highly reliant and enable consumers to earn up to Rs 20,000 in return by making a single deposit. LIC New Jeevan Shanti is one such scheme that lets users earn Rs 11,000 each month. After January 5, buyers of new LIC New Jeevan Shanti policies will receive an increased annuity rate.
How will LIC New Jeevan Shanti give the investor Rs 11000 per month?
The LIC New Jeevan Shanti scheme requires a minimum investment of Rs. 1.5 lakh. You receive a yearly minimum return of Rs 12,000 from the scheme. The amount you can invest in this scheme has no upper limit. Any salary exceeding Rs. 11,000 a month requires a minimum investment of Rs. 10 lakh with the Life Insurance Corporation.
The LIC New Jeevan Shanti plan’s sales brochure states that for a deferred annuity, a single life must deposit Rs. 10 lakh to receive a monthly pension of Rs. 11,192. The maximum monthly pension for a joint life deferred annuity is Rs. 10,576. The annual returns of various schemes can differ. Visit the LIC website for further details.