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LIC New Jeevan Shanti Plan 858 is tailor-made for working and self-employed professionals who wish to plan for future regular income after a deferment period.
LIC New Jeevan Shanti Plan 858 is a single premium plan wherein policy holder has the option to choose between Single life and Joint life deferred annuity.
LIC offers policyholders to choose from around nine annuity options. The interest rates for the annuity are fixed at the inception of the policy. Policyholders can choose the option according to their needs and circumstances.
LIC New Jeevan Shanti plan is a single premium plan wherein the Policyholder has an option to choose between Single life and Joint life Deferred annuity. Annuity option once chosen cannot be altered.