LIC Jeevan Shanti

When I heard about LIC Jeevan Shanti, it sounds me very cool like its name and, believe me, it is a plan that has excellent features & benefits. It has features that will feel you just “Shanti”.

LIC Jeevan Shanti is a one-time premium payment annuity plan, by LIC India. This plan is very helpful to get fixed payouts at regular intervals for the whole life.

How LIC Jeevan Shanti Works: You need to pay a single one-time payment for this annuity. Then LIC will regularly pay you fixed amounts for rest of life. You can get these regular amounts monthly, quarterly, half-yearly or annually till life.

The payouts that you are getting regularly is called an annuity. There is two option available to opt in this plan, listed below:

  • Immediate Annuity
  • Deferred Annuity

To get these regular payouts there are 12 options available. I’m here to let you give a better understanding of it with the help of examples.

What We Think About Annuities & LIC Jeevan Shanti:

If you want a fixed income for life then annuities are perfect for you. By investing in these types of plans you can secure a fix monthly income for whole life.

But these plans have one advantage & one disadvantage that, In future, if the interest rates decreased then you there is no problem because your interest rates are locked. You will get the same fix amounts.

But if the interest rate increased then you will feel bad because your interest rates are locked so you will get the same fixed income with low-interest rates. So, we always suggest that don’t invest your all savings in these types of policies.

One more thing that if you have a pension plan with LIC India then you can’t withdraw more than 1/3 of it’s after maturity. Because LIC has a condition that you have to buy an annuity from LIC India with remaining 2/3.

So before buying this policy think carefully and make the right decision according to your needs.


There are many options available to opt-in both Immediate Annuity and Deferred Annuity, have a look below:

Immediate Annuity: Its name is saying almost everything, means your payouts will start immediately. You have to just pay a single premium to buy this plan and your payment will start immediately. You also have options to choose how you want to get payment, monthly, half-yearly or yearly.

Have a look below options available to opt-in LIC Jeevan Shanti Immediate Annuity:

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