LIC Pension Plan 2025: Invest ₹5 Lakhs Once and Get ₹26,000 Monthly Pension for Husband and Wife!
🏦 A Secure Investment for Your Future
Financial stability after retirement is essential for everyone. With rising medical costs, daily expenses, and family needs, a steady monthly income becomes a lifeline. In such times, India’s trusted insurer Life Insurance Corporation of India (LIC) offers two of the best pension schemes —
“New Jeevan Shanti Plan” and “Jeevan Akshay Plan.”
Both these pension plans are designed to provide you and your spouse with a guaranteed income throughout your lifetime. You invest once, and the return continues every month as pension.
🌟 Objective of LIC Pension Plans
- To ensure a guaranteed income after retirement
- To provide financial security during old age
- To offer joint pension benefits for couples
- To allow loan and tax benefits under Indian tax laws
💡 Why LIC Pension Plans Are So Popular
- Government-backed security: LIC is a government-owned corporation, ensuring complete trust and safety.
- Regular pension payout: Monthly, quarterly, or yearly pension options available.
- Assured income: Guaranteed return on your investment for a lifetime.
- Loan option available: You can apply for a loan after 3 years.
- Joint benefit: Husband and wife can be covered under one plan.
🪙 New Jeevan Shanti Plan (Deferred Pension Plan)
This plan is a Deferred Annuity Plan, meaning your pension starts after a period you choose at the time of investment.
| Details | Information |
|---|---|
| Minimum Entry Age | 30 years |
| Maximum Entry Age | 79 years |
| Minimum Investment | ₹1.5 lakh |
| Pension Start Time | After the chosen deferment period |
| Loan Facility | Available after 3 years |
| Death Benefit | Nominee receives the invested amount |
🔹 Key Benefits
- Joint pension option for husband and wife
- Guaranteed interest and lifetime pension
- Income tax deduction under Section 80C
- Return of purchase price to nominee in case of death
- Flexible pension payment modes – monthly, quarterly, half-yearly, or yearly
🪙 Jeevan Akshay Plan (Immediate Pension Plan)
This is an Immediate Annuity Plan, where the pension starts immediately after you make your investment.
| Details | Information |
|---|---|
| Minimum Entry Age | 30 years |
| Maximum Entry Age | 85 years |
| Minimum Investment | ₹1 lakh |
| Pension Start Time | Immediately after investment |
| Loan Facility | Available after 3 years |
| Death Benefit | Nominee continues to receive pension or lump-sum payout |
🔹 Key Benefits
- Pension starts right after purchase
- Joint pension available for couples
- Lifetime guaranteed income
- Direct credit to your bank account
- Tax rebate and loan facility
💸 Example: How Much Pension for ₹5 Lakh Investment?
Let’s assume you and your spouse each invest ₹5 lakh in these LIC pension plans. The approximate monthly pension could look like this:
| Plan Name | Investment Amount | Monthly Pension | Total Benefit |
|---|---|---|---|
| New Jeevan Shanti | ₹5,00,000 | ₹12,500 | Lifetime pension |
| Jeevan Akshay | ₹5,00,000 | ₹13,500 | Immediate pension |
| Combined (Husband + Wife) | ₹10,00,000 | ₹26,000 | Joint pension from both plans |
Note: Pension amount varies depending on age, plan option, and annuity mode chosen.
🧾 How to Apply for LIC Pension Plans
Follow these simple steps to apply for LIC’s pension policies:
- Visit your nearest LIC branch office
- Consult an LIC advisor to select the best plan based on your age and income
- Fill out the pension plan application form
- Submit required documents along with the initial investment amount
- Receive your policy document and confirmation
Required Documents
- Aadhaar Card
- PAN Card
- Bank Passbook copy
- Age and address proof
- Passport-size photographs
🧠 Which Plan is Better?
| Feature | New Jeevan Shanti | Jeevan Akshay |
|---|---|---|
| When Pension Starts | After chosen deferment period | Immediately |
| Minimum Entry Age | 30 years | 30 years |
| Maximum Entry Age | 79 years | 85 years |
| Death Benefit | Refund of purchase price to nominee | Pension continues for nominee |
| Loan Facility | Yes (after 3 years) | Yes (after 3 years) |
| Best For | Long-term retirement planning | Immediate income seekers |
👉 If you want immediate income, go for Jeevan Akshay Plan.
👉 If you want future income security, choose New Jeevan Shanti Plan.
Application Link
Conclusion
In today’s uncertain world, securing your retirement with LIC’s pension plans is one of the smartest financial decisions.
Both these schemes ensure steady monthly income, peace of mind, and financial freedom for you and your family.
By investing ₹5 lakh each, both husband and wife can receive up to ₹26,000 monthly pension, ensuring a comfortable and stress-free retired life.
Visit your nearest LIC branch or apply online through the official LIC India website to start your pension journey today!
