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    Jeevan Shanti-01

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    Yusuf Malik
    Fixed deposit rates have fallen to new lows recently and may drop to 1-2% over the next two decades as rates continue declining year after year. LIC's Jeevan Shanti annuity plan offers higher and guaranteed fixed rates for life, ensuring lifetime income even as market rates fall, unlike fixed deposits which are re-set annually. Jeevan Shanti annuity plans can also offer loans and surrender options while guaranteeing a regular stream of income to cover daily needs in retirement. Given declining repo and fixed deposit rates, investing in guaranteed lifelong annuity plans like Jeevan Shanti is becoming increasingly important.

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    Jeevan Shanti-01

    Uploaded by

    Yusuf Malik
    28 views1 page
    Fixed deposit rates have fallen to new lows recently and may drop to 1-2% over the next two decades as rates continue declining year after year. LIC's Jeevan Shanti annuity plan offers higher and guaranteed fixed rates for life, ensuring lifetime income even as market rates fall, unlike fixed deposits which are re-set annually. Jeevan Shanti annuity plans can also offer loans and surrender options while guaranteeing a regular stream of income to cover daily needs in retirement. Given declining repo and fixed deposit rates, investing in guaranteed lifelong annuity plans like Jeevan Shanti is becoming increasingly important.

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    20200821_Jeevan Shanti-01

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    Fixed deposit rates have fallen to new lows recently and may drop to 1-2% over the next two decades as rates continue declining year after year. LIC's Jeevan Shanti annuity plan offers higher and guaranteed fixed rates for life, ensuring lifetime income even as market rates fall, unlike fixed deposits which are re-set annually. Jeevan Shanti annuity plans can also offer loans and surrender options while guaranteeing a regular stream of income to cover daily needs in retirement. Given declining repo and fixed deposit rates, investing in guaranteed lifelong annuity plans like Jeevan Shanti is becoming increasingly important.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    28 views1 page

    Jeevan Shanti-01

    Uploaded by

    Yusuf Malik
    Fixed deposit rates have fallen to new lows recently and may drop to 1-2% over the next two decades as rates continue declining year after year. LIC's Jeevan Shanti annuity plan offers higher and guaranteed fixed rates for life, ensuring lifetime income even as market rates fall, unlike fixed deposits which are re-set annually. Jeevan Shanti annuity plans can also offer loans and surrender options while guaranteeing a regular stream of income to cover daily needs in retirement. Given declining repo and fixed deposit rates, investing in guaranteed lifelong annuity plans like Jeevan Shanti is becoming increasingly important.

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    Fixed Deposit Rates have crashed to new lows recently.

    The future of fixed deposit


    rates look very uncertain and may fall further to 1 or 2% in next 2 decades.
    A look at the below table which shows average fixed deposit rates of top banks in
    India shows how bank interest rates are continuously declining with passing years.
    Year 1990 2000 2010 2020 2030 2040
    Rate 13% 10% 7% 5.25% ?? ??

    Why invest in LIC's Jeevan Shanti, a Lifelong Guaranteed Immediate Annuity Plan?
    A look at the below table which shows historical rates of LIC's Guaranteed Annuity
    Plan with return of Purchase Price. Rates are on Investment of 10 Lakhs at Age 60.
    Year 1990 2000 2010 2020 2030 2040
    Rate 12.68% 10.83% 7.51% 5.72% ?? ??

    LIC's Jeevan Shanti is similar to a Fixed Deposit where Interest is Paid Every Year.
    The best advantage of LIC's Jeevan Shanti over fixed deposit is that in Jeevan Shanti, the
    Guaranteed Annuity rate is locked for life time while purchasing the policy itself.
    People who invested in such Guaranteed Immediate Annuity Plans of LIC in the last 3
    decades are still getting the same rate of returns even today.
    Guaranteed Annuity rates are revised from time to time but the revised rates are
    guaranteed for life time.
    On the other hand fixed deposits rates are revised every year depending on RBI's Repo
    Rates.
    Guaranteed Immediate Annuity plans can be surrendered but are subject to Surrender
    Charges.
    Guanteed Immediate Annuity Plans also offer loans in case of emergencies.
    Since Annuity rate is guaranteed for life time, the Lifelong Guaranteed Immediate Annuity
    Income generates guaranteed regular income to take care of Daily and Lifestyle needs.
    As both Repo Rates and Fixed deposit rates are in downward trend, it has become very
    important to invest in Guaranteed Immediate Annuity plans like Jeevan Shanti.
    Jeevan Shanti Immediate Annuity Rates are getting revised on 24th August 2020.

    Disclaimer

    This training material is exclusively created for Participants of Ranjan Nagarkatte Success Academy. Only for
    Private Circulation.

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