LIC's Jeevan Shanti is a single premium annuity plan designed to look after their post-retirement financial needs. The plan allows policyholders to choose between a deferred annuity and an immediate one.
The annuity rates are guaranteed at the inception of the policy and annuities are payable post deferment period throughout the life time of Annuitant(s).
| Minimum Entry Age | 30 years (last birthday) |
|---|---|
| Maximum Entry Age | 79 years (last birthday) |
| Minimum Vesting Age | 31 years (last birthday) |
| Maximum Vesting Age | 80 years (last birthday) |
| Minimum Deferment Period | 1 year |
| Maximum Deferment Period | 20 years that is subject to the vesting age |