How much pension will I get from LIC Jeevan Nidhi?

How much pension will I get from LIC Jeevan Nidhi?

Key Features of LIC’s New Jeevan Nidhi Plan

Plan type Pension plan
Sum Assured Minimum: Rs.1 lakh (regular premium) Maximum: No limit
Grace Period 30 days (Yearly, Half-yearly and Quarterly modes) 15 days (Monthly mode)
Service Tax 3.09\%
Freelook Period 15 days. A policy cannot be cancelled after 15 days till for three years

Is LIC Jeevan Akshay a good policy?

Is LIC Jeevan Akshay VI Plan a good policy? Well, the LIC Jeevan Akshay VI Plan is surely a good policy for it comes from one of the most reputed insurance companies of India, LIC. Apart from its credibility, it offers several benefits such as uniform pension plans, lump sum payments, tax deductions, etc.

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What is LIC Jeevan Nidhi pension plan?

LIC’s JEEVAN NIDHI is a with profits Deferred Annuity (Pension) plan. On survival of the policyholder beyond term of the policy the accumulated amount (i.e. Sum Assured + Guaranteed Additions + Bonuses) is used to generate a pension (annuity) for the policyholder.

What is the benefit of LIC Jeevan Shanti?

Benefits. Make one time investment and get Guaranteed life long income. 9 different annuity options to choose from to suit every need and circumstance. Option to choose either Immediate Annuity or postpone it to a future date as Deferred Annuity.

What is the current interest rate for LIC Jeevan Shanti?

Under different pension plans at intervals of 5 to 20 years, Jeevan Shanti Plan has the option of pension on your deposit at the rate of 8.79 to 21.6 per cent per annum.

Which pension plan is good in India?

Best Pension Plans in India 2021

Pension Plans Entry Age Policy Term
ICICI Pur Easy Retirement Plan 35 years-75 years 10 years-30 years
India First Annuity Plan 40 years- 80 years N/A
Kotak Premier Pension Plan 30 years- 55 years/ 60 years 10,15,17-30 years
LIC New Jeevan Akshay Pension Scheme 30 years – 85 years N/A
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Which is the best PPF plan?

Banks offer PPF accounts at the rate fixed by Indian Government….PPF Interest Rate.

PPF Account Details
Current PPF interest rate 7.10\% w.e.f. 1st Jul 2021
Lock in period 15 years
Minimum Account ₹ 500
Tax on PPF interest Nil, tax exempted