LIC Jeevan Shanti – Secure Retirement with Guaranteed Lifetime Income | Features, Benefits & Payout Options

 

LIC Jeevan Shanti – Guaranteed Annuity Plan with Lifetime Security

✅ What is LIC Jeevan Shanti?

LIC Jeevan Shanti (Plan No. 858) is a single premium, non-linked, non-participating annuity plan offered by Life Insurance Corporation of India. It allows you to choose immediate or deferred annuity options, and once selected, the annuity rate is guaranteed for life.

Whether you're planning for your retirement or for your loved ones’ future income, this plan ensures steady, lifelong income with zero market risk.

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🔍 Key Features of LIC Jeevan Shanti:

Feature	Details
Type	Single Premium Annuity Plan
Options	Immediate or Deferred Annuity
Entry Age	30 to 85 years
Minimum Purchase Price	₹1,50,000
Annuity Payout Options	Monthly, Quarterly, Half-yearly, Yearly
Loan Facility	Available after 1 year
Surrender Value	Allowed under certain options
Life Coverage	Joint Life and Single Life Options

📈 Interest Rate / Returns in LIC Jeevan Shanti:

Although LIC doesn’t declare an “interest rate” openly like mutual funds, annuity rates are fixed at the time of purchase. Here's an example:

✅ For ₹10 Lakhs single premium, a 60-year-old person can get:

• Immediate Annuity: ₹7,200/month approx.

• Deferred Annuity (5 years): Higher payouts starting after 5 years.

This equates to an effective internal rate of return (IRR) of 6.5%–7.2%, which is risk-free and lifelong.

💬 Real Testimonials from Policyholders:

🧓 "I invested ₹15 lakhs in LIC Jeevan Shanti. I now get ₹11,000 per month for life. It gives me peace of mind that my income won’t stop."
— Mr. Rao, Retired Professor

👵 "The joint life option gave me relief. Even if I pass away, my wife will continue getting the same income."
— Mrs. Sharma, Ex-Government Employee

 

💡 Payout Option Examples:

Option	Annuity Starts	Monthly Income (₹10L Premium)
Immediate – Single Life	Immediately	₹7,000–₹7,500
Immediate – Joint Life	Immediately	₹6,500–₹7,000
Deferred (5 Years)	After 5 Years	₹10,000–₹11,000
Return of Purchase Price	On Death	Available

🔐 Why LIC Jeevan Shanti is Secure:

• ✅ Backed by Government-owned LIC

• ✅ Guaranteed income, unaffected by stock market

• ✅ Option to include spouse for lifelong benefits

• ✅ Safe for senior citizens and those seeking peace of mind
  

⚖️ LIC Jeevan Shanti vs Other Investment Tools

Feature	LIC Jeevan Shanti	Fixed Deposits	Mutual Funds	NPS
Returns	Fixed, lifelong	Fixed (short-term)	Market-linked	Market-linked
Risk	ZERO	Low	High	Moderate
Tax Benefits	Sec. 80CCC (within ₹1.5L)	Sec. 80C	Sec. 80C	Sec. 80C & 80CCD
Liquidity	Medium	High	High	Restricted
Ideal For	Retirement Income	Short-Term Goals	Long-Term Wealth	Retirement Corpus

✨ Attractive Points of LIC Jeevan Shanti:

• 💸 Lifetime pension with just one premium

• 👩‍❤️‍👨 Joint life annuity for spouse security

• 📅 Choose annuity payout frequency

• 🔁 Return of premium option available

• 📊 Tax-free death benefit

• 🧘 Zero volatility, perfect post-retirement solution

   
  

📢 Who Should Invest in LIC Jeevan Shanti?

• ✅ Senior citizens retiring soon

• ✅ Conservative investors seeking guaranteed income

• ✅ NRIs wanting secure Indian income

• ✅ People looking to protect spouse financially

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📞 Want to Know Your Annuity Amount?

You can get a personalized quote based on your age and investment amount.

🙋‍♂️ About Me: Hi, I’m Soumyajit Goswami, 

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