The Life Insurance Corporation of India launched a new pension plan ‘Jeevan Shanti’ recently. This plan was launched at LIC Divisional Office, Coimbatore by Senior Divisional Manager, A. Fazul Rehman in the presence of Sri R. Paneerselvam, Marketing Manager and T. Girimanickavasagam, Manager (Sales). The plan can be taken by anyone who is aged 30 years. Keeping in mind of the life span of individuals, it enables them to effectively manage the finances and get pension at older ages. This new plan is a Non-Linked, Non-Participating Single Premium Plan and it is available with Immediate and Deferred Annuity Options. The deferment period is from 1 to 20 years. Life long assured regular income and the investment is fixed at the inception itself. The policy can be surrendered any time after 3 months post inception. Loan facility is available after one year.
