LIC of India's Jeevan Suraksha (Pension Plan) | Pension

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Jeevan Suraksha (Pension Plan)

Pension

Jeevan Suraksha is a deferred annuity/pension plan, which allows policyholder to make provision for regular income after the selected term or after the age of retirement.

Risk cover under LIC’s Jeevan Suraksha
On death of the Life Assured during the term of the policy the basic premiums paid, excluding any rider premiums or extra premiums, up to the date of death accumulated with interest at such rates as decided by LIC of India will be payable to the nominee. Currently, the interest rate is 3%, 4% or 5 % if the death occurs within the first 10 years, 20 years or thereafter respectively.

Tax Benefits under Jeevan Suraksha:
Tax relief under Section 80ccc is available on premiums paid under New Jeevan Suraksha I (Table No.147). The premiums paid under New Jeevan Dhara I (Table No.148) qualify for tax relief under Section 88.

At maturity the policyholder can encash upto a maximum 25% of the maturity proceeds as a tax-free lump sum. The balance should be compulsorily converted to an annuity at the rates applicable at the time of maturity of the policy. The policyholder has the choice of opting for any one of 5 annuity options.

The annuity options available under LIC’s Jeevan Suraksha pension plan are

Annuity payable for remainder of life
Annuity payable for life with guaranteed period of 5, 10, 15 or 20 years
Joint life and last survivor annuity to the annuitant and his/ her spouse under which annuity payable to the spouse on death of the purchaser will be 50% of that payable to the annuitant
Life annuity with a return of purchase price on death of the annuitant
Life annuity increasing at a simple rate of 3% per annum

Benefit Illustration of LIC of India’s pension plan Jeevan Suraksha:
Please send a mail to tarun.lic@gmail.com along with following details for specialized illustration for you.

Name
Date of birth
Address
Contact Details:

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25 Responses to “Jeevan Suraksha (Pension Plan)”

Santharam [ 12Jun09]

Hi,
I am visiting USA currently.I need life certificate for Jeevan suraksha.I am unable to find in in the internet.
Thanks for your help

Santharam

harsh [ 16Sep09]

i want to invest 10000 per month for pension plan my age is 45 and retiremetn age is 60 pls advise me a pension plan

bala [ 13Oct09]

hai iam bala ineed to join with jevan s
urasha penction plan iwould like to know
the what is the sceem detils how i would like to prepar that pls send me d.

thanks.

gurinder singh [ 31Oct09]

helo Mr Tarun how r u , my age is 39 and retirement age is 50, or 52, please advise me a pension plan

admin [ 04Nov09]

Hello Gurvinder Ji,
I will suggest you to go for following options:
Market Plus is one of the good option now a days. but this includes risk of investment in market.
In case you need to avoid market risk you can also opt for Jeevan Nidhi

In case you need some special plans, I can design a special policy for you as per your requirements.

Manjula devi [ 21Dec09]

Hi Tarun,
I am 32 and a mom to a 1.5 yr old girl.
I work for a MNC and a SWE, with a annual income of about 5 lacs. Given my job’s condition and its uncertainity, could you pls suggest a LIC pension plan for me? I want to retire by 52 yrs ie another 20yrs from now.
I trust LIC more than anything else as my dad worked for it, whom i miss now for a valuable suggestion!!

srinivasreddy [ 03Jan10]

Hi my name is srinivasreddy from bhongir i am 22 years old. I am intrested to become an agent and to take a penssion policy,after 5 years period i should get 10000 for month. please advice me which plan is good for me,please call me 9298759463

peter [ 14Jan10]

I want to take a pension plan for myself. I am 40 year old and my retirement age will be 52. I want a steady monthly pension of Rs. 25000/= I do not want any market risk. Please advise me on the plan and the amount to be invested monthly.

Thanks
Peter

raanjunileba [ 15Jan10]

Hello Mr.Tarun

Hope u fine.Well my name is raanjunileba. Iam 31 years old.I want to get good returns in short time.Please admise me a good plan.

Mallesh [ 20Jan10]

I have JeevanSuraksha Pension plan (table-147)for 25 years on 23-Mar-2003. The SA is 3,22,000. Yearly Premium is Rs10,000.
What will be the final Maturity Amount I will get?
Any monthly pension is paid after maturity? My DOBis 01-Jul-1971.

D.Livingstone [ 26Jan10]

D.Livingstone
SHADOW, TC 3/2743-1
PALACE VIEW ROAD, PATTOM
THIRUVANANTHAPURAM
PIN 695004

THOMAS KUNNIL [ 28Jan10]

I took aJeevanSuraksha Pension plan in March 1999 and sum assured is Rs 1,00,000/-. Yearly Premium is 8100/-. My DOB is 23-09-1954 and I will reach 58 years in 2012.
What will be the final Maturity Amount that Ican expect? What would be the monthly pension amount. Pl give some information on these at th earliest.

thomas

mrs.melleza fernandes [ 08Feb10]

I am 36yrs of age, a housewife would like to invest about rs.500 every month, would you help me.

A P Pandey [ 10Feb10]

I opted jeevan suraksha plan on 23-02-2005 premium is Rs 10000/month my date of birth is 05-05-1956 .What will be the pension at time of retirement. can it be withdrawl prematurely.

Dr yogesh Kumar jain [ 20Feb10]

please send full information pf this plan.
thanks
Dr Yogesh Kumar Jain
Assistant Professor
Jain vishva bharati university, ladnun
Dist- nagaur Raj. 341306
M. 09413142180

shivaraj [ 04Mar10]

hi tarun my age is 35 and i wish to retire at age 45 advice for best pension plans

shivaraj

sskrcr@gmail.com

Jasbir Singh Walia [ 08Mar10]

Need an investment plan on monthly basis mode, for aboout 10 years

M.anjaneyulu [ 15May10]

Hello sir,

My name is M.anjaneyulu ,hyd i would like know about Jeevan surakasha schme my planning primiyem minimum 50,000/- per year for 5years term is 15 yerasa what is benfit i will get ,my friend told me after 15years i will get minimum 4laks aftere that every month 10,000 until my death ,after that also my son will get same up to his life end this true can you help me in this

please send me the details
Regards,
Anjaneyulu

J.P.Khullar [ 19May10]

I have a policy Jeevan Suraksh/Surabhi plan. I have deposited Rs.10251/-P.A for 9 years w.e.f.May 2001 having sum assured Rs.80,000/- which is going to mature on 16.6.2010. Now let me know How much amount I will receive and after giving option How much pension permonth I will receive and at what percentage of rate of interest per month. My mobile number is 9871585454

sanjay [ 19May10]

I am Sanjay 33yrs old i want to start pension plan for my future please suggest me

sreeni [ 26Jun10]

sir,
i am a hospital staff working in KSA,for past 4years. I would like to join a monthly pension scheme yeilding 12000-15000 per month after a 15 years. Also i want to know the single premium amount and the benefits and the name of that particular scheme from LIC.

Pradeep [ 02Jul10]

Dear sir. Pls give me sugessin for pension plans.

kumar [ 08Jul10]

dear sir,
currently i have 10 lakh in my hand and want to invest for monthly income scheme for rest of my life to earn regular income. pls. advice

satish kumar singh [ 12Aug10]

hai iam satish ineed to join with jevan s
urasha penction plan iwould like to know
the what is the sceem detils how i would like to prepar that pls send me d.