LIC’s Jeevan Shanti (UIN: 512N328V01)

(A Non-Linked, Non-Participating, Single Premium Annuity Plan)

This is a single premium plan wherein the Policyholder has an option to choose an Immediate or Deferred annuity. The annuity rates are guaranteed at the inception of the policy for both Immediate and Deferred Annuity and annuities are payable throughout the life time of Annuitant(s)
Annuity Options: The options available under Immediate Annuity are:

A: Immediate Annuity for life. Option
B: Immediate Annuity with guaranteed period of 5 years and life thereafter. Option
C: Immediate Annuity with guaranteed period of 10 years and life thereafter. Option
D: Immediate Annuity with guaranteed period of 15 years and life thereafter. Option
E: Immediate Annuity with guaranteed period of 20 years and life thereafter. Option
F: Immediate Annuity for life with return of Purchase price.
G: Immediate Annuity for life increasing at a simple rate of 3% p.a. Option
H: Joint Life Immediate Annuity for life with a provision for 50% of the annuity to the Secondary Annuitant on death of the Primary Annuitant. Option
I: Joint Life Immediate Annuity for life with a provision for 100% of the annuity payable as long as one of the Annuitant survives.
J: Joint Life Immediate Annuity for life with a provision for 100% of the annuity payable as long as one of the Annuitant survives and return of Purchase Price on death of last survivor.