Single-Premium Deferred Annuity (SPDA): What It Is and How It Works
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🛡️ LIC New Jeevan Shanti – Plan No. 758 A Lifelong Guaranteed Pension Plan (Single Premium, Deferred Annuity) ⸻ ✅ Eligibility & Basic Details: • Entry Age: 30 to 79 years • Policy Type: Deferred Annuity Pension Plan (Single Premium) • Premium Paid: ₹30,00,000/- • Deferment Period: 5 year • Pension Start: From 6th Year onwards • Pension Duration: Till 100 years of age (lifelong) ⸻ 💰 Guaranteed Pension Details: • Monthly Pension: ₹21108/- • Guaranteed Interest Rate (Monthly Mode): 8.44%for life
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