LIC New Jeevan Shanti (Plan 858) is new pension plan launched by LIC in the year 2020. New Jeevan Shanti is non-linked, non-participating, individual single premium deferred annuity plan. This plan is launched on 21st October, 2020. Few days’ back LIC has launched LIC Jeevan Akshay VII plan (Table 857). At the time of launching Jeevan Akhsay VII plan, LIC has discontinued single premium pension plan Jeevan Shanti (Table 850). The main reason was falling interest rate. Now LIC is relaunching New Jeevan Shanti plan with few modifications. New Jeevan Shanti is single premium annuity plan available with two options.