Secure Retirement with Guaranteed Income, If you are planning a financially secure retirement in 2025, the Life Insurance Corporation of India (LIC) has an excellent solution. The latest LIC Pension Plan 2025 offers a guaranteed monthly pension of ₹15,000 for a lifetime, ensuring steady income even after retirement.
This plan is ideal for those looking for safe, government-backed pension options with assured returns and no market risks. Let’s understand how this LIC pension scheme works, how much you need to invest, and how to apply.
LIC Pension Plan 2025
| Particulars | Details |
|---|---|
| Plan Type | LIC Pension Plan 2025 (Immediate/Deferred Annuity) |
| Monthly Pension | ₹15,000 (Lifetime) |
| Investment Required | ₹25 – ₹30 lakh (approx., one-time) |
| Minimum Entry Age | 30 years |
| Maximum Entry Age | 85 years |
| Payout Frequency | Monthly / Quarterly / Half-Yearly / Yearly |
| Lock-in Period | None (Immediate pension option available) |
| Tax Benefits | Available under Section 80C and 10(10D) |
The LIC pension plan provides guaranteed lifetime income, backed by India’s most trusted insurance company.
How the LIC Pension Plan Works
Under this plan, investors pay a one-time lump sum amount (purchase price) to LIC. In return, LIC provides a fixed pension every month, which continues for life.
For example:
If you invest ₹30 lakh, LIC will give you around ₹15,000 per month as pension for your entire lifetime.
The plan comes in two main options:
- Immediate Annuity Plan – Pension starts right after investment.
- Deferred Annuity Plan – Pension starts after a pre-decided period (like 5 or 10 years).
You can also choose Joint Life Pension – ensuring the pension continues for your spouse after your demise.
Types of LIC Pension Plans Available in 2025
- LIC Jeevan Akshay VII (Plan No. 857)
- Immediate pension plan.
- Lifetime monthly income starts right after investment.
- Multiple annuity options (Single Life / Joint Life).
- LIC Saral Pension (Plan No. 862)
- Standard pension plan as per IRDAI guidelines.
- Fixed annuity rate and transparent benefits.
- Option to get a refund of the purchase price after death.
Both these plans are highly popular among retirees and working professionals nearing retirement age.
Example: How to Get ₹15,000 Monthly Pension
Let’s calculate how much you need to invest to earn ₹15,000 every month for life.
| Investment Amount (One-Time) | Estimated Monthly Pension |
|---|---|
| ₹10 lakh | ₹5,000 – ₹5,500 per month |
| ₹20 lakh | ₹10,000 – ₹11,000 per month |
| ₹30 lakh | ₹15,000 – ₹16,500 per month |
The actual pension amount may vary slightly depending on the annuity option and age of the policyholder.
Major Benefits of LIC Pension Plan 2025
- Guaranteed Lifetime Income – Fixed monthly pension without market risks.
- Government-Backed Safety – LIC is a 100% government-owned insurer.
- Flexible Options – Choose single or joint life annuity.
- Tax Benefits – Get deductions under Section 80C and tax-free death benefits.
Refund Option – Option to receive the invested amount (purchase price) back to nominee after death.
These features make the LIC pension plan one of the most reliable retirement schemes in India.
How to Apply for LIC Pension Plan 2025
Online Method:
- Visit the official LIC website – www.licindia.in.
- Go to the “Pension & Retirement Plans” section.
- Choose your preferred plan (e.g., Jeevan Akshay VII or Saral Pension).
- Use the LIC Pension Calculator to estimate monthly payout.
- Fill out the online application form and complete payment securely.
Offline Method:
- Visit your nearest LIC branch or authorized agent.
- Fill the proposal form with ID proof, PAN, and address documents.
- Submit the required purchase amount via cheque or online payment.
- Choose your annuity option and payout frequency.
- Receive confirmation and pension certificate from LIC.
Who Should Invest in This Plan
The LIC Pension Plan 2025 is perfect for:
- Retired individuals seeking stable monthly income.
- Salaried professionals looking for long-term financial security.
- NRIs wanting a lifetime annuity in India.
- Couples opting for joint life pension benefits.
A Smart Way to Secure Your Retirement
The LIC Pension Plan 2025 is one of the most trusted and stable ways to ensure financial independence post-retirement. With a guaranteed ₹15,000 monthly pension, zero market risk, and lifetime protection, this plan combines security, simplicity, and certainty.
Whether you’re nearing retirement or planning ahead, investing in LIC’s pension plan can help you build a steady income stream for life – and peace of mind for your future.
Disclaimer: This article is based on information available from LIC and public financial sources as of 2025. Actual returns and pension rates may vary based on age, plan type, and annuity option chosen. Please consult an authorized LIC advisor or visit the official LIC website before investing.
