Life Insurance Corporation of India, has launched a new plan ‘Jeevan Shanti’, a comprehensive annuity plan with unique features for benefit of the individual and support for the family too! Especially for handicapped dependants!
Shri M. R. Kumar, Zonal Manager, North Zone informed that this plan is available for individuals and can also be taken jointly, with age at entry being 30. The plan is introduced with an intent to provide life- long regular income in the form of pension.
He added that the new plan will cater to the needs of the eligible millennials looking out for a financial instrument providing regular income. The policy also provides liquidity as there is provision for loan and surrender as well for annuity options with Death Benefit.