NEW LIC FD Scheme: The Life Insurance Corporation of India (LIC) is one of the most trusted financial institutions in the country. Millions of people trust LIC to invest their savings because it gives safe and stable returns.
In 2025, LIC launched a new scheme called the “LIC Popular Savings Scheme.” This scheme gives the same benefits as a fixed deposit (FD) but also offers monthly interest and security.
With rising inflation and falling interest rates, investors are looking for schemes that give both security and a fixed monthly income. This new FD scheme from LIC is a good option. It can earn up to ₹6,500 per month on an investment of just ₹1 lakh, which is very attractive.
The biggest advantage of this scheme is that it is government-backed. LIC is a government institution, so the risk is very low. That is why senior citizens and middle-class families are very excited about this scheme.
NEW LIC FD Scheme
This new LIC FD scheme is like a traditional fixed deposit but with an extra benefit. Interest is paid monthly to the investor, creating a regular source of income. The scheme aims to give investors a fixed monthly return so retired people or those with limited income can meet their monthly needs easily.
This scheme is mainly for people seeking stable and safe income. The minimum investment is ₹1 lakh. In some categories, it can be ₹50,000, but investing ₹1 lakh or more gives better returns.
The interest rate is around 7.5% to 8% per year. At this rate, investors can earn about ₹6,500 per month. The rate may change depending on market conditions and government policies.
Key Features of the Scheme
The term is usually 5 to 10 years. Investors can choose the tenure they want. Partial withdrawals are allowed in certain cases.
Interest is paid directly to the investor’s bank account each month. Senior citizens get extra interest benefits.
A nomination option is available. If the investor dies, the money will go directly to the nominated person, giving financial security to the family.
How to Apply and Required Documents
Joining this scheme is easy. Investors can apply at the nearest LIC branch or through an authorized agent. Some branches also allow online applications.
Documents needed: proof of identity, proof of address, two passport-size photos, and a PAN card. For investments above ₹1 lakh, a bank account number and cancelled cheque are also needed.
Payment can be made by cash, cheque, or online. After approval, the investor gets a policy receipt or certificate showing the investment amount, term, interest rate, and monthly payment.