About This Policy
LIC Jeevan Shanti is a deferred annuity plan that provides guaranteed income for life. It offers flexible premium payment options and multiple annuity choices. This plan is perfect for individuals planning for retirement and seeking guaranteed regular income.
Key Features
Guaranteed Annuity
Flexible Premium Payment
Death Benefit
Surrender Value
Tax Benefits
Multiple Annuity Options
Policy Benefits
Death Benefit
Higher of Purchase Price or Annuity Purchase Price
Maturity Benefit
Not applicable (Annuity Plan)
Survival Benefit
Guaranteed Annuity for life
Tax Benefits
Premium paid eligible for deduction under Sec 80C. Annuity income taxable as per income tax rules