JEEVAN SANTHI PLAN (850)
There are Numerous Parametres to see and finally come to a conclusion about a Plan. Every Plan launched in LIC is meant for a Particular Segment. It has to be sold by us; there is no 2nd opinion to it.
At the same time, understanding the Plan in a WRONG WAY and misselling it will land us into great trouble.
Just check the past mistake Money plus, Jeevan Saral etc
We are coming across POSTERS and WRITE-UPs which project rate of interest for DEFERRED ANNUITY option with 20 years deferment as 19.24% which is absolutely impossible.
What is that 19.24% is a MILLION DOLLAR QUESTION which cannot be answered by ANYBODY who forwards such Posts; not even by the Creator of such Poster/Messages.
Jeevan Shanthi
In Pension & Annuity Market LIC has 2 products till date.
Jeevan Akshay(Single Premium- Immediate Annuity) Within 1 year Pension starts after payment of Premium
Jeevan Nidhi( Single & Non Single Premium- Deferred Annuity) Pension is payable after deferment Term.
Now the 3rd one comes
Jeevan Shanti
Single Premium but option of Immediate Annuity or Deferred Annuity
For Immediate Annuity Rate is almost same with Akshay but addl benefit is Liquidity (Surrender & Loan Facility) & Assignibility. Protection against Bank's Loan.
For Deferred Annuity option in Shanti USP's are
Liquidity
High Rate of Annuity
Choice for Customer to select Deferment Period from 1 to 20 yrs for Pension.
Multiple options to select for Annuity as Joint Life
Husband & Wife/ Brother & Sister/ Grand Parents & Grand Son & Daughter.
A truly International Standard Product designed by LIC considering the emerging Pension Market
There are Numerous Parametres to see and finally come to a conclusion about a Plan. Every Plan launched in LIC is meant for a Particular Segment. It has to be sold by us; there is no 2nd opinion to it.
At the same time, understanding the Plan in a WRONG WAY and misselling it will land us into great trouble.
Just check the past mistake Money plus, Jeevan Saral etc
We are coming across POSTERS and WRITE-UPs which project rate of interest for DEFERRED ANNUITY option with 20 years deferment as 19.24% which is absolutely impossible.
What is that 19.24% is a MILLION DOLLAR QUESTION which cannot be answered by ANYBODY who forwards such Posts; not even by the Creator of such Poster/Messages.
Jeevan Shanthi
In Pension & Annuity Market LIC has 2 products till date.
Jeevan Akshay(Single Premium- Immediate Annuity) Within 1 year Pension starts after payment of Premium
Jeevan Nidhi( Single & Non Single Premium- Deferred Annuity) Pension is payable after deferment Term.
Now the 3rd one comes
Jeevan Shanti
Single Premium but option of Immediate Annuity or Deferred Annuity
For Immediate Annuity Rate is almost same with Akshay but addl benefit is Liquidity (Surrender & Loan Facility) & Assignibility. Protection against Bank's Loan.
For Deferred Annuity option in Shanti USP's are
Liquidity
High Rate of Annuity
Choice for Customer to select Deferment Period from 1 to 20 yrs for Pension.
Multiple options to select for Annuity as Joint Life
Husband & Wife/ Brother & Sister/ Grand Parents & Grand Son & Daughter.
A truly International Standard Product designed by LIC considering the emerging Pension Market
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