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Deferred Single Premium AnnuityOfficial Table: Plan 858

LIC New Jeevan Shanti

Lock-in Guaranteed Pension Rates Today for Your Peaceful Retirement

A single premium deferred annuity plan offering guaranteed pension payout rates calculated upfront at the time of purchase.

Who Should Consider This Plan?

Retirees, VRS recipients, and working professionals looking for fixed lifelong pension payouts.

Key Benefits & Protection Advantages

Guaranteed pension rates fixed at inception for lifetime.
Options: Single Life Annuity or Joint Life Annuity (pension continues to spouse after subscriber).
Guaranteed additions accrue every month during the deferment period.
Surrender facility and loan options available for emergency funds.

Eligibility & Policy Limits

Eligibility ParameterOfficial Rule / Limit
Minimum Entry Age30 Years
Maximum Entry Age79 Years
Deferment Period1 to 12 Years
Minimum Purchase Price₹1,50,000

Sample Payout Illustration

Illustrative Example
Assumed Entry Age45 Years
Chosen Policy Term10 Years
Basic Sum Assured₹10,00,000 Single Premium
Approx Annual Premium₹10,00,000 one-time
Estimated Payout / Benefit at Maturity:

Guaranteed ₹1,12,000+ Annual Pension for life starting age 55

Frequently Asked Questions about LIC New Jeevan Shanti

Q1:Can I receive monthly pension instead of annual?

Yes, you can choose monthly, quarterly, half-yearly, or annual pension payout options.

Regulatory & Statutory Disclaimer:

Information provided on this consultancy website is for general awareness, policy comparison, and educational purposes. Plan features, bonus additions, eligibility terms, and premiums are governed by official Life Insurance Corporation of India (LIC) product prospectuses and sales brochures. This is an independent insurance agent consultancy website and does not claim to be the official corporate web portal of LIC of India. Policyholders are advised to read official policy documents carefully before finalizing insurance contracts.

Direct Consultation

Request Quote & Brochure

Get an official premium calculation table for LIC New Jeevan Shanti directly from Senior Advisor Satrughan Thakur.

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