Investing in a pension plan has become crucial for a secure financial future after retirement. With rising expenses and inflation, it’s essential to plan ahead to ensure a comfortable retirement.
LIC’s New Jeevan Nidhi Policy offers a reliable solution to make your golden years worry-free.
Jeevan Nidhi Plan
LIC’s New Jeevan Nidhi Plan is a traditional deferred life insurance option that allows you to build a retirement fund flexibly.
By paying regular premiums throughout the policy term, you secure annuities that provide financial support upon maturity.
Policy Benefits
LIC’s Jeevan Nidhi Policy stands as one of the country’s most renowned pension plans, particularly beneficial for individuals with limited incomes.
With an investment of just Rs 72 per day, individuals aged 20 to 58 can secure a monthly pension exceeding Rs 25,000 post-retirement.
The policy not only offers a pension but also includes insurance coverage and guaranteed bonuses every 6 years.
Furthermore, the investments under this policy offer tax exemptions.
Policy Duration and Payment Options
The LIC policy’s duration ranges from 7 to 35 years, offering flexibility to investors. Payment options include annual, semi-annual, quarterly, or monthly installments.
For instance, if a 20-year-old investor contributes Rs 72 daily for 25 years, they can avail a life insurance coverage of up to Rs 10 lakh, in addition to post-retirement pension benefits.
