Jeevan Shanti (Plan No 850) is LIC’s hottest Single premium, Deferred Annuity plan. Annuity means mounted annual funds or pension. In a deferred annuity, funds begin after the deferment interval chosen by the investor.
In Jeevan Shanti deferment interval might be chosen from one yr to twenty years in accordance with the want of the policyholder. The best benefit of Jeevan Shanti is that the annuity charges mounted firstly of the coverage are assured all through the lifetime of the policyholder. In different phrases, your annuity charges are shielded from rate of interest fluctuations and market dangers all through the interval of the coverage.
