A salary that never stops, even after you stop working.
Guaranteed lifelong pension for you and your spouse. No market worry, no depending on children.
Guaranteed monthly income
Pension continues for spouse
Annuity rates fixed at purchase
Pension options
Immediate annuity
Pension starts next month.
Deferred annuity
Save now, pension later.
NPS guidance
We help with government NPS too.
LIC Jeevan Shanti
Popular trusted option.
What is covered, and what is not
Covered
- Fixed monthly, quarterly or yearly pension
- Joint-life pension for spouse
- Return of purchase price to nominee
- Immediate or deferred start
- Option to increase pension yearly
Not covered
- Changing the pension after purchase
- Inflation-proof income (unless chosen)
- Full early exit
In simple words
You pay a lump sum or regular premiums. The insurer pays you a fixed pension every month for the rest of your life.
How a claim works with us
- 1
Tell us your age and savings
- 2
We compare annuity rates
- 3
Choose single or joint life
- 4
Pension straight into your bank
SP tip: Annuity rates are locked the day you buy. When rates are high, it is a good time to lock in.
Common questions
Yes, pension is added to your income. The premium may get 80CCC benefit.
Talk to a real person in Purnia, free.
We compare insurers for you and help at claim time, at no extra cost.