New Delhi: LIC offers several schemes that provide people with opportunities to become wealthy. LIC already operates many excellent schemes, all aimed at benefiting its customers. Policies are available for everyone, from children to senior citizens. LIC has created a buzz by launching another fantastic policy in 2025.
By joining this scheme, you can secure a monthly pension. The LIC Smart Pension Yojana is quite special. It promises a regular and secure income after retirement. This is also an immediate annuity plan. Policyholders need to invest a lump sum single premium amount. You receive pension benefits immediately, which continue for life.
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Guaranteed Fixed Pension
LIC’s scheme also guarantees a fixed pension. This LIC plan is particularly beneficial for those seeking guaranteed income. It is a non-linked and non-participating plan. There is no risk associated with the stock market in this scheme.
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The pension rate is fixed at the time of purchasing the policy. The policy can be opened individually or jointly with a spouse. Policyholders can choose to receive their pension monthly, quarterly, half-yearly, or annually, according to their needs. Options are also available to increase the pension by 3% or 5% annually, or to receive the invested amount back after death.
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Maximum Investment
The minimum annuity purchase under this LIC scheme is set at ₹1 lakh. There is no limit on the maximum investment. You can invest as much as you want. This scheme offers special benefits to retiring subscribers. This scheme is excellent for private sector employees and senior citizens.
Monthly Pension
Under the Smart Pension Scheme, you can receive a pension of ₹20,000 every month. This requires a one-time investment of ₹35 to 35 lakh. It also depends on age and the chosen option. Furthermore, this new pension plan from LIC offers a more reliable option for those looking for such a plan.