LIC New Jeevan Shanti (Plan 858)

Guaranteed Single Premium Pension • Plan No. 858 | UIN: 512N338V04

Single premium deferred annuity plan providing guaranteed annuity rates from inception for individuals and joint lives.

Key Features & Benefits

• Guaranteed lifetime annuity rates locked at inception
• Deferred Annuity options for Single Life and Joint Life (spouse, child, parent)
• Death benefit during deferment period guarantees capital protection
• Single premium payment with flexible deferment from 1 to 12 years
• Surrender and loan facilities available after 3 months

Limitations & Waiting Periods

• Annuity payments are taxable as per applicable income tax slabs in the year of receipt.
• Cannot be surrendered within the first 3 months from inception.
• Deferment period cannot be changed once chosen.