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Health Care
Title: Invest Rs 15 Lakh Here Instead of Banks: Get Rs 10,000 Monthly for Life, Principal Remains Safe
Content:
In today's fast-paced financial world, finding a secure investment that offers both high returns and safety for your principal is a dream come true. If you have Rs 15 lakh to invest and are looking for an alternative to traditional bank fixed deposits, there's an exciting opportunity that guarantees you a monthly income of Rs 10,000 for life while keeping your principal safe. Let's delve into the details of this remarkable investment option and explore why it could be the perfect fit for your financial goals.
The investment option we're talking about is the LIC New Jeevan Shanti Plan. This plan is a non-linked, non-participating, individual savings life insurance plan designed to provide a steady stream of income after a certain period. Unlike bank fixed deposits, this plan offers the dual benefit of safety and high returns, making it an attractive choice for those looking to secure their financial future.
To understand how the LIC New Jeevan Shanti Plan works, let's break it down step by step:
You start by purchasing the LIC New Jeevan Shanti Plan with a one-time premium payment of Rs 15 lakh. This premium is used to secure your future income.
After purchasing the policy, you enter a deferment period. During this time, your money grows with LIC, and you do not receive any income. The deferment period can be chosen by you, typically ranging from 1 to 12 years.
Once the deferment period is over, you enter the annuity phase. This is when you start receiving your monthly income of Rs 10,000. This income continues for the rest of your life, providing you with a steady source of funds.
At the end of your chosen policy term, LIC returns your entire principal amount of Rs 15 lakh to you. This ensures that your initial investment remains safe and is available for you to use as needed.
While bank fixed deposits are a popular choice for many investors, the LIC New Jeevan Shanti Plan offers several advantages that make it a superior option:
Bank fixed deposits typically offer interest rates ranging from 5% to 7%. In contrast, the LIC New Jeevan Shanti Plan guarantees a monthly income of Rs 10,000, which translates to an annual income of Rs 1.2 lakh. This is significantly higher than what you would earn from a bank fixed deposit of the same amount.
One of the biggest advantages of the LIC New Jeevan Shanti Plan is that it provides you with a monthly income for the rest of your life. Unlike bank fixed deposits, which have a fixed term, this plan ensures that you continue to receive income no matter how long you live.
With the LIC New Jeevan Shanti Plan, your principal amount of Rs 15 lakh remains safe and is returned to you at the end of the policy term. This is a significant advantage over bank fixed deposits, where your principal is locked in for the duration of the deposit.
Investing in the LIC New Jeevan Shanti Plan also offers tax benefits. You can claim deductions on your premium payments under Section 80C of the Income Tax Act, reducing your taxable income and saving you money on taxes.
The LIC New Jeevan Shanti Plan is an excellent choice for a wide range of investors, including:
Retirees looking for a steady source of income to support their post-retirement lifestyle will find the LIC New Jeevan Shanti Plan particularly appealing. The guaranteed monthly income of Rs 10,000 can help cover living expenses and provide financial security.
If you're planning for retirement and want to ensure a steady income stream once you stop working, this plan can be a valuable part of your retirement strategy. By investing now, you can secure your future and enjoy peace of mind.
For those with a high income looking to diversify their investment portfolio, the LIC New Jeevan Shanti Plan offers a safe and lucrative option. It can complement other investments and provide a reliable source of income.
Getting started with the LIC New Jeevan Shanti Plan is easy. Here's what you need to do:
Reach out to your nearest LIC branch or an authorized LIC agent to get more information about the plan and to discuss your investment goals.
Work with the LIC representative to choose the deferment period and annuity option that best suit your needs. You can customize the plan to align with your financial objectives.
Once you've finalized your options, make the one-time premium payment of Rs 15 lakh. This will secure your policy and set you on the path to receiving a monthly income for life.
After the deferment period, start enjoying your monthly income of Rs 10,000. At the end of the policy term, receive your principal amount back, ensuring your initial investment remains safe.
Investing Rs 15 lakh in the LIC New Jeevan Shanti Plan offers an unparalleled opportunity to secure a lifetime monthly income of Rs 10,000 while keeping your principal safe. With higher returns, lifetime income, principal safety, and tax benefits, this plan stands out as a superior alternative to traditional bank fixed deposits. Whether you're a retiree, pre-retiree, or high-income earner, this investment can help you achieve your financial goals and enjoy peace of mind. Don't miss out on this remarkable opportunity—contact LIC today and take the first step towards a secure financial future.
By choosing the LIC New Jeevan Shanti Plan, you're not just investing your money; you're investing in a lifetime of financial security and peace of mind.
