People in India are looking for safe investment options that will protect their money and provide regular income when needed. To address this crucial need for monthly income, the Post Office Monthly Income Scheme (POMIS) and LIC’s Jeevan Shanti Plan are extremely popular. However, both plans operate differently and are suitable for different types of people. Let’s understand in simple terms what these two plans are, how they work, and which one might be best for you.

What is the LIC Jeevan Shanti Plan

LIC’s Jeevan Shanti Plan is a single-premium pension plan. This simply means that you only need to deposit money once, and then a regular pension will start accruing after the term selected in the policy. This plan offers two annuity options: Single Life and Joint Life. This means that you can choose to receive the pension for yourself alone or for both spouses. The unique feature of this innovative plan is that the annuity rates, i.e., the monthly pension, are fixed at the time of policy inception. Regardless of future market conditions, your pension is paid on time. This is why it is so popular among retirement planners.

Also Read-8th Pay Commission 2026-Latest Update on Implementation, Report Timeline & Expected Arrears

What is Post Office MIS?

The Post Office Monthly Income Scheme (POMIS) is an investment plan that provides you with a fixed monthly return. Currently, this plan offers a guaranteed interest rate of 7.4% per annum, paid monthly. It is ideal for those who need a stable income to meet their monthly expenses. It requires only ₹1,000 to start. A single or joint account can be opened. A joint account can include up to three people. The term of this account is five years, and the money is refunded upon completion.

Key Differences Between the Two Plans

LIC Jeevan Shanti is a pension-based plan where income starts accruing over a period of time, while POMIS starts providing monthly income immediately. The minimum investment in Jeevan Shanti is ₹1.5 lakh, and there is no maximum limit. The maximum limit for POMIS is ₹9 lakh for a single account and ₹15 lakh for a joint account. Jeevan Shanti policies can be surrendered at any time, while POMIS policies have a percentage deduction for early account closure. Jeevan Shanti also offers tax benefits under Section 80C of the Income Tax Act, while POMIS offers no tax exemption.

Which plan is better for you?

Choosing the right plan depends on your needs.

LIC Jeevan Shanti

If you are planning for retirement and want to ensure a regular pension for yourself and your family for the long term, LIC Jeevan Shanti is a strong option. It’s also good for those who need a stable and secure income for the future.

Post Office MIS

On the other hand, if you want low-risk and immediate monthly income, POMIS is the right choice. It’s considered a simple and reliable scheme for the elderly, housewives, and small investors.

Also Read-Your Old ₹5 Note Could Be Worth ₹3 Lakhs – Here’s How to Sell It Online