LIC Smart Pension Plan: Everyone worries about a regular income after retirement. If you also want to live your retirement comfortably, then this news can be very important for you. Currently, the country’s largest insurance company is running a great scheme for people’s retirement. It offers excellent returns without any risk.
We are talking about the LIC Smart Pension Scheme, which is very popular among people and is making people wealthy. If you invest a lump sum in this scheme, you start receiving a monthly pension at the time of retirement. This pension is paid to you for life. LIC provides a monthly pension of Rs 10,880 under this scheme.
Read Here: FMGE Result January 2026 Expected Soon – Qualifying Marks Scorecard Download natboard.edu.in
Read Here: NTA NIFT 2026 Exam City Slip Released – How to Check Allotted City for Feb 8 Entrance Exam
Know what LIC’s plan is
For your information, the LIC Smart Pension Scheme is an immediate annuity plan. This simply means that as soon as you start investing in the policy, the pension starts and continues for the rest of your life. This scheme proves to be a boon for people to maintain financial stability and security in life after retirement.
Risk-free scheme for investors
This LIC scheme is especially for those who want to invest safely and regularly, staying away from the fluctuations of the stock market. This is a non-linked and non-participating plan. This means there is no market risk of any kind. Therefore, it is also called a zero-risk pension plan. The minimum investment amount in this scheme is Rs 1 lakh. There is no limit on the maximum investment. Investors can invest a large amount according to their safety and needs.
Read Here: Samsung Galaxy S26 series: additional details about the Galaxy Unpacked event is now available
Read Here: 8th Pay Commission: Nationwide Strike Announced by Central Govt Employees on Feb 12
A fixed pension is received at the time of purchasing the policy
In the LIC Smart Pension Yojana, the pension amount is fixed at the time of purchasing the policy, and it is paid for life. The policy can be taken for a single life as well as a joint annuity for husband and wife. The pension payment options include monthly, quarterly, half-yearly, and annual payments. Additionally, there is an option to increase the pension by 3% or 6% annually, or to have the invested amount returned to the nominee upon death. This plan is particularly beneficial for retired employees, private sector professionals, and senior citizens.
How much monthly pension will you receive?
If an investor wants a guaranteed pension of ₹10,880 or more per month under this scheme, they will have to invest a lump sum of ₹20 lakh at the time of purchasing the policy. According to the LIC calculator, the annual pension on this investment will be ₹1,36,000. On a half-yearly basis, it will be ₹66,640, and every quarter, it will be ₹32,980. Based on monthly payments, the investor will receive approximately ₹10,880 every month.