{"id":959,"date":"2018-09-13T00:09:49","date_gmt":"2018-09-12T18:39:49","guid":{"rendered":"http:\/\/www.parinitasharma.com\/?p=959"},"modified":"2018-09-16T00:10:19","modified_gmt":"2018-09-15T18:40:19","slug":"new-jeevan-shanti-plan-no-850-launched","status":"publish","type":"post","link":"https:\/\/www.parinitasharma.com\/blog\/new-jeevan-shanti-plan-no-850-launched\/","title":{"rendered":"New Jeevan Shanti (Plan No-850) Launched"},"content":{"rendered":"<h2>New Jeevan Shanti (Plan No-850) Launched<\/h2>\n<p>&nbsp;<\/p>\n<p><strong>Product Summary :<\/strong><br \/>\nThis Plan is a non-linked, non-participating, single premium annuity plan wherein the Policyholder has an option to choose an Immediate Annuity or Deferred Annuity. This plan shall be allowed to lives including third gender.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Premium Payment Mode:<\/strong><br \/>\nSingle Premium<\/p>\n<p>Annuity Mode:<br \/>\n\u2022 Annuity may be paid either at monthly, quarterly, half yearly or yearly intervals.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Minimum Entry Age :<\/strong><br \/>\n30 Year Completed<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Maximum Entry Age :<\/strong><br \/>\n\u2022 100 years (last birthday) for Option F in Immediate Annuity<br \/>\n\u2022 85 years (last birthday) except Option F in Immediate Annuity<br \/>\n\u2022 79 years (last birthday) Deferred Annuity<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Minimum Sum Assured :<\/strong><br \/>\n\u2022 Rs.1,50,000\/-<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Maximum Sum Assured :<\/strong><br \/>\nNO LIMIT<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Annuity Option :<\/strong><br \/>\n1. IMMEDICTE ANNUITY OR 2. DEFERRED ANNUITY<br \/>\n10 OPTIONS FOR IMMEDIATE ANNUITY<br \/>\n2 OPTION FOR DEFERRED ANNUITY : 1. SINGLE LIFE 2. JOINT LIFE<\/p>\n<p>&nbsp;<\/p>\n<p><strong>DEFERMENT PERIOD :<\/strong><br \/>\n1 year to 20 years<\/p>\n<p>CLOSE RELATIVES AS JOINT LIFE ANNUITANTS [ MEANS : GRAND PARENTS \/ PARENTS \/ CHILDREN \/ GRAND CHILDREN OR SPOUSE OR SIBLINGS<\/p>\n<p><span style=\"text-decoration: underline;\"><strong>Surrendered Value :<\/strong><\/span><br \/>\nThe policy can be surrendered at any time after three months from the completion of policy.Surrendered shall be allowed under the following annuity options only:<\/p>\n<p style=\"padding-left: 30px;\">a. Immediate annuity-<br \/>\ni) Option F: Immediate Annuity for life with return of Purchase Price.<br \/>\nii) Option J: Joint Life Immediate Annuity for life with a provision for 100% of the annuity payable as long as one of the Annuitant survives and return of Purchase Price on death of last survivor.<br \/>\nb. Deferred annuity-<br \/>\ni) Option 1: Deferred annuity for Single life<br \/>\nii) Option 2: Deferred annuity for Joint life<\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"text-decoration: underline;\"><strong>Loan :<\/strong><\/span><br \/>\nLoan facility shall be available after completion of 1 policy year. Policy loan shall be allowed under the following annuity options only:<\/p>\n<p style=\"padding-left: 30px;\"><strong>a. Immediate annuity-<\/strong><br \/>\ni) Option F: Immediate Annuity for life with return of Purchase Price.<br \/>\nii) Option J: Joint Life Immediate Annuity for life with a provision for 100% of the annuity payable as long as one of the Annuitant survives and return of Purchase Price on death of last survivor.<br \/>\n<strong>b. Deferred annuity-<\/strong><br \/>\ni) Option 1: Deferred annuity for Single life<br \/>\nii) Option 2: Deferred annuity for Joint life<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Jeevan Shanti (Plan No-850) Launched &nbsp; Product Summary : This Plan is a non-linked, non-participating, single premium annuity plan wherein the Policyholder has an option to choose an Immediate Annuity or Deferred Annuity. 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This plan shall be allowed to lives including third gender. &nbsp; Premium Payment Mode: Single Premium Annuity Mode: \u2022 Annuity may [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.parinitasharma.com\/blog\/new-jeevan-shanti-plan-no-850-launched\/\" \/>\n<meta property=\"og:site_name\" content=\"Parinita Sharma\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/parisharmakolkata\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/parisharmakolkata\" \/>\n<meta property=\"article:published_time\" content=\"2018-09-12T18:39:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-09-15T18:40:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/res.cloudinary.com\/dohr9kzty\/images\/v1634324603\/smartlife\/Product-Launch-LIC27s-Jeevan-Shanti-11_h7r6hs-1\/Product-Launch-LIC27s-Jeevan-Shanti-11_h7r6hs-1.jpg?_i=AA\" \/>\n\t<meta property=\"og:image:width\" content=\"875\" \/>\n\t<meta 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