Who can buy Jeevan Shanti?
Table of Contents
Who can buy Jeevan Shanti?
What is the Eligibility Standard for LIC Jeevan Shanti Plan?
| Parameter | Deferred Annuity | Immediate Annuity |
|---|---|---|
| Maximum Age of Entry | 79 years (Completed) | Apart from Option F 85 years (Completed) |
| Only for Option F 100 years | ||
| The Minimum Vesting Age | 31 years (Completed) | NA |
| The Maximum Vesting Age | 80 years (Completed) |
Can NRI buy pension plan in India?
NPS allows NRIs to put their money in the Government initiated New Pension Scheme. The minimum subscription under the NPS is Rs. 6,000 on yearly basis. 50\% of the investment money is allocated to equities.
Can NRI hold LIC policy?
Through the regulation known as ‘Mail Order Business’, NRIs are allowed to invest in life insurance policies from their current residential country along with the completion of formalities.
How can I buy Jeevan Shanti online?
The most convenient way to purchase LIC Jeevan Shanti Plan online is from the official website of Life Insurance Corporation of India.
Do NRIs get pensions?
National Pension Scheme for NRIs Anyone between the age group of 18 to 60 years of age can put their money in the government launched New Pension Scheme. The minimum subscription under this scheme is INR 6,000 on yearly basis. And 50\% of investment money is allocated to equities.
Can NRIs have LIC policy?
NRIs may obtain insurance cover under our Non-Medical (Special) scheme subject to certain restrictions, some of which are listed below: Applicable if insurance is obtained during visit to India or through Mail Order Business when LIC Agents visit the country of residence of NRI for completing the necessary formalities.
What happens to LIC policy for NRI?
Non Resident Indians are free to take an LIC policy when they visit in India and are treated at par with domestic residents. Existing policies taken while in India will continue in Indian Currency even after your moving to foreign countries as NRI. NRI should not be a green card holder.