LIC has launched a new deferred annuity plan, LIC New Jeevan Shanti (Plan 858). This replaces their existing deferred annuity plan, LIC Jeevan Shanti (Plan 850). A brief background. LIC Jeevan Shanti had started as both immediate and deferred annuity plan in 2018. Its immediate annuity variant was withdrawn in August 2020 with the launch of LIC Jeevan Akshay VII. Now, … [Read more...] about LIC New Jeevan Shanti (Plan 858): A New Deferred Annuity plan from LIC: Review
LIC Jeevan Shanti
LIC Jeevan Akshay VII (857): Review: New Immediate Plan from LIC
LIC has launched a new immediate annuity plan LIC Jeevan Akshay VII (Plan 857). Moreover, the immediate annuity variants of LIC Jeevan Shanti (Plan 850) have been withdrawn. Thus, LIC Jeevan Shanti becomes a pure deferred annuity product. In this post, let us find out about LIC Jeevan Akshay VII in detail. While I have covered the basics of an annuity plan in another … [Read more...] about LIC Jeevan Akshay VII (857): Review: New Immediate Plan from LIC
Review: SBI Life Saral Pension Plan
Many investors purchase pension plans so that they continue to receive monthly income even once their regular salary stops after retirement. Which pension plans do you choose? In this post, let’s look at a popular pension plan from SBI Life, SBI Life Saral Pension Plan. SBI Life Saral Pension Plan: Important Points A Participating, Non-Linked, Traditional Pension … [Read more...] about Review: SBI Life Saral Pension Plan
Retirement Planning: Staggering Annuity Purchases can Increase Income and Reduce Risk
Many of us dislike annuity plans. The rates are low and the income is taxable. You lose flexibility with the money. The income is not inflation-adjusted. So many problems. Still, annuities can add a lot of value of retirement portfolio if purchased at the right age. In this post, let’s try to understand this with the help of examples. We will start with a brief introduction … [Read more...] about Retirement Planning: Staggering Annuity Purchases can Increase Income and Reduce Risk
HDFC Life Pension Guaranteed Plan Vs. LIC Jeevan Shanti
Annuities are simple products. You pay a lump sum amount to the insurance company and the insurance company guarantees you an income stream for life. These plans have a few variants too. You can go with or without the return of the purchase price. You can choose where your spouse continues to receive the pension after you. You can select immediate annuity or deferred annuity … [Read more...] about HDFC Life Pension Guaranteed Plan Vs. LIC Jeevan Shanti
Review: LIC New Jeevan Nidhi (818): Pension plan from LIC
LIC New Jeevan Nidhi (Plan 818) is a pension plan from LIC. You invest for a few years. At maturity, you utilize the accumulated funds to purchase an annuity plan. Simple, isn't it? Let’s find out more about LIC New Jeevan Nidhi and see if it warrants a place in your investment and insurance portfolio. LIC New Jeevan Nidhi: Key points Two premium payment options: Single … [Read more...] about Review: LIC New Jeevan Nidhi (818): Pension plan from LIC
LIC Jeevan Shanti: A case of mis-selling?
Mis-selling is not just about selling bad products to the consumers. It is also about selling good products the wrong way. In a way, selling any product that is not suitable for the consumer/investor is tantamount is mis-selling. Selling a life insurance plan to an 80-year old who walked into the branch to open up a fixed deposit is mis-selling. Selling regular premium ULIPs … [Read more...] about LIC Jeevan Shanti: A case of mis-selling?
LIC Jeevan Shanti (Plan 850): Single Premium, Guaranteed Pension (Features and Review)
LIC launched a new annuity plan LIC Jeevan Shanti in September 2018. LIC Jeevan Shanti comes in both immediate annuity and deferred annuity variants. A point to note is that LIC already has a very popular offering in immediate annuity space (LIC Jeevan Akshay VI). LIC Jeevan Shanti is quite like LIC Jeevan Akshay. The only major difference is that LIC Jeevan Shanti also has a … [Read more...] about LIC Jeevan Shanti (Plan 850): Single Premium, Guaranteed Pension (Features and Review)
