LIC: This scheme will help you earn for life, sitting at home after 30! You have to pay a premium only once, and half of India is unaware of this plan

Although nowadays many schemes provide a pension, but for you have to pay a fixed premium every month for several years. But there is a scheme of LIC in which you have to pay premium only once and you can arrange for earning for life. The special thing is that you can invest in it at the age of 30 and can arrange for pension for yourself anytime after 30. This scheme is very good for those people who get a good fund after retirement, but they do not have a regular income arrangement. Know about this great plan of LIC here.

We are talking about 'New Jeevan Shanti' plan, this is a great option for you. New Jeevan Shanti Plan is a deferred annuity i.e. pension plan, the biggest advantage of which is that you have to invest money only once (Single Premium). After this, LIC gives you guaranteed pension for life.

'Deferred' means that you invest money today, but pension starts coming after a few years. You can decide yourself whether you want pension after 1 year or 5 years or 12 years. The later you start taking pension, the higher will be your pension amount. Once your pension starts, you get it for life.

This plan is specially designed for those people who are employed or do some work of their own and want to arrange a regular income for their retirement. People from 30 years to 79 years can buy it. If you buy it at the age of 30 and choose a deferment period of 2, 4 or 5 years, then you can start earning from 32, 34 or 35 years.

Two investment options are given in New Jeevan Shanti Plan, first single life and second joint life. If you invest in a plan with 'Deferred Annuity for Single Life', then you get a fixed amount as pension after the completion of the deferment period and after your death the invested money is returned to your nominee. On the other hand, if you invest in 'Deferred Annuity for Joint Life Plan', you start getting pension after the completion of the deferred period and after your death, the person whose name has been jointed gets pension for life. The invested amount is returned to the nominee only after the death of both.

It is necessary to invest at least 1.5 lakhs in this plan. There is no limit on the maximum purchase price. On investing 1.5 lakhs, you get a pension of 12 thousand rupees annually and 1000 rupees monthly. Anyone from 30 to 79 years can buy this policy. If you do not like the policy after buying it, you can surrender it anytime. You are also given the facility of taking a loan in this policy.

While buying this policy, keep in mind that the longer the deferment period (period between investment and pension starting) or the higher the age, the higher the pension you will get. If you buy the Deferred Annuity for Single Life of New Jeevan Shanti Plan for 10 lakh rupees at the age of 45 and keep a deferment period of 5 years, then after 5 years you will start getting 89,400 rupees annually. If you choose the half-yearly pension option, you will get Rs 43,806 every six months, Rs 21,680 if you choose the quarterly pension option and Rs 7,152 every month if you choose the monthly pension option.

If you buy the Deferred Annuity for Joint Life Plan at the age of 45 for Rs 10 lakh with a deferment period of 5 years, you will get Rs 85,400 annually, Rs 41,846 every six months, Rs 20,710 every three months and Rs 6,832 every month as pension. Let us tell you that death benefits are also included in this policy.