LIC New Jeevan Shanti 2020, Policy No.858| Eligibility, Calculator, Benefits, Apply/Buy Online@ onlinesales.licindia portal


[Deferred Annuity Plan] LIC New Jeevan Shanti 2020, Policy No.858| Eligiblity, Calculator, Benefits, Apply/Buy Online@ onlinesales.licindia portal

The Life Insurance Corporation of India (LIC) has once again come up with a new plan this time called New Jeevan Shanti Plan. This scheme is termed as a deferred annuity plan. Under this scheme, the annuity rates are guaranteed at the inception of the policy. The annuities are payable post deferment period throughout the lifetime of annuitants. The newly introduced Jeevan Shanti Plan is an individual,non-participating,non-linked, non-participating, and deferred annuity plan. 

LIC New Jeevan Shanti 2020

The consumers can buy this plan online as well as offline. The plan has two options deferred annuity for single life and deferred annuity for join life. If the beneficiary died during or after the determent period, the nominees are eligible for receiving the death benefit.

This article explains the newly launched LIC Jeevan Shanti Plan, Policy Number 858, Calculator, Benefits and the Online Procedure on the onlinesales.licindia portal.

Eligibility for applying New Jeevan Shanti Plan 858

Let us see the eligibility criteria the aspirants should fullfil to avail of the New Jeevan Shan Policy.

  • The plan is available for the applicants of ages 30 to 79 Years.
  • The minimum determent period is 1 year and the maximum deferment period is 12 years concerning the maximum age of 80 years.
  • The Physically challenged (Handicapped Dependant) people are also eligible and can purchase the plan at 50000 Rupees.
  • The minimum annuity is 12000 Rupees per annum, and there is no ceiling on the maximum purchase price.

LIC Table Number 858 Annuity Interest Calculator

Let us see the annuity calculations for the benefit of the aspirants buying this scheme.

LIC Table Number 858 Annuity Interest Calculator
  • At the age of 30, the annuity rate ranges from 5.15% to 9.08%.
  • At the age of 40, the annuity rate ranges from 5.18% to 9.49%.
  • At the age of 50, the annuity rate ranges from 5.22% to 9.98%.
  • At the age of 60, the annuity rate ranges from 5.28% to 10.33%.
  • At the age of 70, the annuity rate starts from 5.37% onwards.

Benefits of the New Jeevan Shanti Plan

Let us see the benefits the buyers derive after buying this plan as below. 

  • The joint-life annuity can be taken between any two lineal descendant/ascendant of a family(Grand Parent, Parent, Children, Grand Children) or Spouse or Siblings.
  • The customers can avail the annuity of the yearly, half-yearly, quarterly and monthly.
  • The Physically Challenged people can also avail of this plan with a minimum purchase price of Rupees 50000.
  • The scheme also provides the loan facility.
  • It also provides immediate liquidity in case of dire need as the policy can be surrendered any time in the duration of the policy.
  • The death benefit will be payable to nominee in case of the death of the customer.

Apply/Purchase LIC New Jeevan Shanti Annuity Plan@onlinesales.licindia.in

The applicants who want to purchase this scheme can buy in both the Online and Offline Modes. Let us see the online application procedure to LIC Plan Number 858 on the official portal of onlinesales.licindia.

  • Visit the Official Portal of LIC Online Sales.
  • It takes the online user to the below Home Page.
LIC New Jeevan Shanti
  • The applicant can see the different plans listed on the page.
  • Select the plan number 858 and click on the online buy button.
  • It redirects the applicant to the below page with the plan details.
LIC Plan Number 858
  • Click on the tab- Click on Buy Online.
  • It displays the form, as shown below.
LIC New Jeevan Annuity Plan
  • Enter the First, Middle and Last Name of the Applicant, Date of Birth, Mobile Number and Email ID.
  • Select City and Click Yes/No for the question- Has LIC’s Direct Marketing Unit contacted you.
  • Enter the Captcha Code and Click on the Check Box of Declaration Box.
  • Click on Calculate Premium button.
  • It displays the newly opened page, and enter the OTP in the given field.
  • It then displays the below form.
Apply/Purchase LIC New Jeevan Shanti Annuity Plan
  • In the Personal Information Section, Enter Resident Status and Country of Residence and Select the Gender.
  • In the Product Information Sheet, Enter the Purchase Price, Annuity Type, Premium Paying Term, Select Annuity Option.
  • Also, Enter the Pension Mode, Payment Mode, Determent Period, Select Proposal for Divyanjan and Date of Proposal.
  • Click on the Calculate Premium.
  • After Clicking on the Calculate Premium, it displays the premium details as below.
LIC New Jeevan Shanti 2020
  • It then displays the payment details according to the premium selected.
  • Click Confirm and Proceed to buy the premium by paying the amount through online.

Note: The aspirant can also purchase the premium offline by contacting the LIC Policy Agent.

Quick Links 

LIC India Official Portal 

LIC Policy Number 858 FAQ

What is the age limit for availing of the LIC New Jeevan Shanti Plan 2020?

The age limit of the candidate should be between 30 years to 79 years to avail of the LIC New Jeevan Shanti Plan 2020.

What are the two types of plans available under LIC New Plan Number 858?

The two types of LIC New Plan Number 858 are Single Life and Joint Life Deterrent Annuity Plans.

Is there any loan facility available under the New Jeevan Shanti Annuity Plan?

Yes, the customers availing this scheme are eligible for the loan facility provided by the LIC.

What is the mode of applying the new Life Insurance India’s New Jeevan Shanti plan?

The aspirants of the plan can apply the New Jeevan Shanti plan in both the online and offline modes.