LIC New Jeevan Shanti – Plan 848: Secure Lifetime Pension in Hyderabad, Telangana & Andhra Pradesh
LIC’s New Jeevan Shanti Plan (No. 848) is a non-linked, non-participating, single premium deferred annuity plan. It is ideal for those who want to receive a guaranteed pension for life, with options for single or joint life annuity. Perfect for retirees and professionals in Hyderabad, Telangana, and Andhra Pradesh.
Key Features of LIC New Jeevan Shanti Plan 848:
- Single Premium: Pay once and receive lifelong pension.
- Deferred Annuity: Pension starts after a chosen deferment period (1 to 12 years).
- Two Options: Single life or Joint life annuity.
- Guaranteed Annuity Rates: Locked at the time of purchase.
- Loan Facility: Available after 3 months.
Who Should Consider This Plan?
- Individuals planning for a secure retirement.
- Seniors who want steady monthly income.
- Couples wanting joint life pension security.
- NRIs looking to invest in India (limited eligibility).
Eligibility:
- Minimum Entry Age: 30 years
- Maximum Entry Age: 79 years (depending on deferment)
- Minimum Purchase Price: ₹1.5 Lakhs
- Deferment Period: 1 to 12 years
Scenario – LIC New Jeevan Shanti Plan (Andhra Pradesh Example)
Mr. Srinivas, aged 50 from Guntur, invests ₹10 Lakhs in LIC Plan 848 and chooses a 10-year deferment period. From age 60, he starts receiving a guaranteed pension of approx ₹75,000 per year for life. If he opts for Joint Life, his wife will continue to get the pension after him.
He doesn’t have to worry about stock markets or mutual funds. This plan gives peace of mind with lifetime income.
Why LIC New Jeevan Shanti is Ideal for Telangana & Andhra Pradesh?
- Retirement income security in towns like Hyderabad, Vizag, Vijayawada, Khammam
- Trusted LIC annuity plan with guaranteed returns
- Option to include spouse or dependent
- Simple one-time investment, no future payments
Contact LIC Advisor – Diwakar Cherukuwada
Email: support@theinsuranceagency.in
Phone: +91 9052300600
WhatsApp: Chat on WhatsApp
Ready to secure your retirement? If you're in Telangana or Andhra Pradesh and planning for a safe, fixed monthly income after retirement, LIC New Jeevan Shanti Plan 848 is a perfect fit. Reach out to Diwakar Cherukuwada now for expert guidance and customized pension quotes.