This document discusses the importance of retirement planning in India given the lack of social security. It then summarizes the key features of Jeevan Shanti, a non-linked immediate and deferred annuity plan offered by LIC. Some key points include: - It provides guaranteed lifetime income in retirement with options for single or joint life. - Minimum purchase amount is Rs. 150,000 with guaranteed minimum annual income. - Deferred annuity option provides guaranteed additions during deferment period and death benefits. - Surrender value and loan options are available under certain conditions. - Given increasing lifespans and inadequate social security, Jeevan Shanti is positioned as an important retirement planning product.