In today’s fast paced life, one thing we all dream of is financial security in retirement. Imagine receiving ₹1 lakh every month for the rest of your life; without worrying about work or investments. Sounds like a dream? With LIC’s Jeevan Shanti Plan, this can become your guaranteed reality. Let’s explore how this unique pension plan by Life Insurance Corporation of India (LIC) can help you lock in a steady lifelong income.
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LIC Jeevan Shanti Pension Plan
Imagine receiving a steady ₹1 lakh every month for life, without lifting a finger. That’s the promise of LIC Jeevan Shanti, a one-time investment pension plan design for lifelong peace of mind. With just a single premium, you unlock guaranteed monthly income that never stops, making retirement stress-free and secure. Whether you are planning ahead or already retired, this plan offers a stylish blend of financial strength and simplicity. No market risks, no surprises; just assured money in your bank account every month, for life. Check all about it from below.
LIC Jeevan Shanti 2025 Summary
| Name of Policy | LIC Jeevan Shanti 2025 |
| Policy By | Life Insurance Corporation of India (LIC) |
| Plan Type | Single Premium Annuity Plan |
| Annuity Options | Deferred/Immediate Annuity |
| Monthly Pension | Possible Up to ₹1,00,000+ |
| Entry Age | 30 to 85 years |
| Minimum Purchase | Price ₹1,50,000 |
| Pension Mode | Monthly, Quarterly, Half-Yearly, & Annually |
| Guaranteed Pension | Yes, for lifetime |
| Loan Facility | Available (after 1 year) |
| Surrender Option | Allow under certain conditions |
What is LIC Jeevan Shanti?
LIC Jeevan Shanti is a non-linked, non-participating, single premium annuity plan that provides guaranteed lifelong income to the policyholder. It’s designed to offer financial comfort after retirement or at any life stage. You pay a one-time lump sum, and in return, LIC pays you a regular pension; either monthly, quarterly, half-yearly, or annually; for life.
Who Should Consider This Plan?
- Retired individuals wanting fixed income for life.
- Business owners or professionals with surplus funds to invest.
- Senior citizens who want to secure income for spouse (joint life option).
- People receiving lump sum funds from gratuity, PF, or inheritance.
How to Get ₹1 Lakh Per Month?
To earn ₹1 lakh per month as pension from LIC Jeevan Shanti, you’ll need to invest a larger lump sum depending on your age and annuity option (immediate or deferred). The higher the investment, the more the monthly pension. Here’s an estimate of the investment required for ₹1 lakh/month –
| Age at Entry | Investment (Approx.) | Monthly Pension |
| 45 Years | Rs. 1.80 Cr – Rs. 2 Cr | Rs. 1,00,000 |
| 55 Years | Rs. 1.60 Cr – Rs. 1.80 | Rs. 1,00,000 |
| 65 Years | Rs. 1.40 Cr – Rs. 1.60 | Rs. 1,00,000 |
| 75 Years | Rs. 1.25 Cr – Rs. 1.40 | Rs. 1,00,000 |
| Note – The exact amount varies based on LIC’s annuity rates and selected annuity option. | ||
Annuity Options Under Jeevan Shanti
LIC offers multiple annuity options under Jeevan Shanti to suit individual preferences –
- Immediate Annuity For Life – Starts immediately after purchase.
- Immediate Annuity with Return of Purchase Price – Monthly income + lump sum returned to nominee after death.
- Deferred Annuity For Life – Pension Starts after a Chosen Deferment Period (1–20 years).
- Joint Life Annuity – Pension continues to spouse after the death of policyholder.
- Each of these options has unique benefits—choose based on your goals and family needs.
Eligibility Criteria
| Criteria | Requirement |
| Minimum Entry | Age 30 years |
| Maximum Entry | Age 85 years |
| Minimum Purchase | ₹1,50,000 |
| Deferment Period | 1 to 20 years (if selected) |
| Maximum Premium | No limit |
Benefits of LIC Jeevan Shanti
Here’s why this plan is so popular among retirees and investors –
- Guaranteed Pension for Life.
- Freedom to Choose Frequency like Monthly/Quarterly/Half-Yearly/Yearly.
- Single Premium; Pay Once, Enjoy Forever.
- Loan Facility After 1 Year.
- Option to Add Spouse (Joint Life).
- Safe & Backed by Government-Owned LIC.
Additional Benefits
- Return of Purchase Price on death (for certain options)
- Tax Exemption on pension under prevailing laws
- No Market Risk, unlike mutual funds or shares.
How to Apply For LIC Jeevan Shanti?
You can purchase this plan through –
- LIC Branch Office
- Authorized LIC Agents
- Online via LIC Official Website
Required Documents:
- PAN Card
- Aadhaar Card
- Passport-sized photo
- Bank details (for pension credit)
- Proof of age and address
Smart Tips For Investors
- Start Early – The younger you buy, the lower the lump sum needed for higher pension.
- Consider Joint Option – If you’re married, opt for joint annuity to protect your spouse.
- Read Terms Carefully – Each annuity option comes with pros and cons, choose wisely.
- Use Deferment Wisely – Choosing to start your pension later may give you higher monthly payouts.
- Keep Records – Always store your policy documents, payment receipts, and contact LIC in case of changes.
Frequently Asked Questions (FAQs)
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Can I get ₹1 lakh per month from LIC Jeevan Shanti?
Yes, if you invest a high-enough lump sum—typically over ₹1.4 crore, depending on your age and annuity type.
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Is the pension guaranteed?
Absolutely. Once set, the pension amount remains fixed for life—no market impact.
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Can I surrender the plan?
Yes, under certain conditions like critical illness or financial emergency.
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Will my nominee get anything after my death?
If you choose the option with return of purchase price, your nominee will receive the full invested amount.
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Is this better than fixed deposits?
Unlike FDs, LIC Jeevan Shanti provides lifetime income, not just interest, with no reinvestment risk.
Final Words
LIC Jeevan Shanti is more than just a retirement plan; it’s your financial passport to freedom in your golden years. With the promise of steady income, zero market risk, and multiple annuity options, this plan is tailor-made for anyone dreaming of a stress-free future. If you are aiming to earn ₹1 lakh per month and enjoy a stable lifestyle, now’s the perfect time to consider investing.