Looking for a secure monthly income after retirement? The LIC Smart Pension Plan 2025 could your perfect solution! With just a one-time investment of ₹2 lakh, you can enjoy ₹12,000 every month for life; no stress, no renewals, just steady income for your golden years. Design for those who want financial freedom without market risks, this plan brings peace of mind with guaranteed payouts and lifetime security. Check all about this LIC New Smart Pension Plan 2025 from below.
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LIC Smart Pension Plan 2025
The LIC Smart Pension Plan 2025 is a newly introduce single-premium immediate annuity scheme offer by the Life Insurance Corporation of India (LIC). As the name suggests, it is a smart and secure investment plan design to provide lifelong monthly pension to the investor, starting right after a one-time premium payment. For example, if you invest ₹2 lakh in this plan, you could receive ₹12,000 every month for life; giving you a sense of financial independence, especially in your golden years. This plan is particularly useful for retirees, early planners, and individuals without a regular source of pension. Whether you are planning early or nearing retirement, this pension plan ensures your future stays financially strong and worry-free.
Key Benefits of LIC Smart Pension Plan
To know complete benefits of LIC Smart Pension Scheme one can check the points below.
- Guaranteed Monthly Income for Life
With this plan, you can enjoy ₹12,000 per month after investing ₹2 lakh, depending on your age and chosen annuity option. It’s like receiving a monthly salary post-retirement.
- One Time Investment
Just pay once, and start getting monthly income. No need to worry about renewing or managing multiple premiums.
- Flexible Annuity Options
Choose from Single-life or Joint-life annuity options, where pension continues for your spouse or dependent after your passing.
- Return of Purchase Price Option
After the policyholder’s demise, the nominee receives the original investment amount.
- No Market Risks
The pension is fixed at the time of purchase and does not fluctuate with stock market changes—ideal for those who want stable and predictable income.
- Tax Benefits
While the pension is taxable, the initial investment might be eligible for Section 80C deductions under the Income Tax Act.
Who Should Invest?
- Senior citizens looking for guaranteed income.
- Retired government or private sector employees.
- Individuals without any other pension.
- Young professionals who want early retirement planning.
- Parents of special needs children looking to secure their child’s future.
- LIC policyholders or NPS subscribers (they may get additional annuity benefits).
Eligibility Criteria
| Eligibility Factor | Details |
| Minimum Age to Join | 18 years |
| Maximum Age Up to | 85 or 100 (based on option) |
| Minimum Investment | ₹1,00,000 |
| Maximum Investment | No upper limit |
| Nationality | Indian citizens only |
Important Dates
The LIC Smart Pension Plan 2025 is currently available for enrollment across all LIC branches and the official LIC portal.
| Event | Date |
| Scheme Launch | April 2025 |
| Online Applications Begin | Ongoing |
| Last Date to Apply | No deadline, open throughout 2025 |
| Monthly Payout | Start One month after policy activation |
Investment vs. Pension: What Will You Get?
Depending on your age and annuity option, here’s an estimated idea of what you might receive:
| One-Time Investment Approx. | Monthly Pension |
| ₹2,00,000 | ₹12,000 |
| ₹3,00,000 | ₹18,000 |
| ₹5,00,000 | ₹30,000 |
| ₹10,00,000 | ₹60,000 |
Note – The actual pension amount may vary slightly based on the annuity type and age at the time of investment.
How to Apply?
For Online Application
- Visit the official LIC website
- Navigate to the Pension section and select Smart Pension Plan 2025
- Choose annuity type (single/joint) and frequency (monthly, quarterly, etc.)
- Fill out basic details, upload documents (PAN, Aadhaar, photo, bank proof)
- Pay premium via net banking, UPI, or debit card
- Confirmation will be sent via SMS and email
For Offline Mode
- Visit your nearest LIC branch
- Collect and fill the Smart Pension Plan form
- Submit documents and make the one-time payment
- Receive printed confirmation and policy number
Annuity Options Available
| Option Type | Description |
| Single Life Annuity | Pension is paid to the investor until death. Ends after that. |
| Joint Life Annuity | Pension continues for spouse after the policyholder’s death |
| Return of Purchase | On death, full investment is returned to the nominee |
| Increasing Annuity | Pension amount increases annually to adjust for inflation |
| Choose the one that best suits your needs. Once selected, annuity type cannot be changed later. | |
Additional Features
- Loan Facility – Available after 3 months of policy activation
- Surrender Option – Allowed under special conditions like critical illness
- NPS/LIC Policy Bonus – Higher annuity rates may apply
- Family Security – Perfect for financially protecting aging spouses or dependent children
Things to Keep in Mind
- Your pension is taxable as per your income slab
- You can’t switch annuity options once the plan begins
- Choose monthly or yearly payout frequency as per your lifestyle
- There is no maturity amount, only regular income
- If you outlive the investment, it becomes a highly profitable lifelong pension source
FAQs
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Can I start receiving pension immediately?
Yes, pension begins one month after policy issuance.
-
Will my family continue to get money if I die?
Yes, under the joint-life or return-of-purchase-price option.
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Can I exit the scheme early?
Only under extreme circumstances like critical illness or legal reasons.
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Is the pension amount fixed?
Yes, the amount is locked at the time of purchase.
Final Thoughts
The LIC Smart Pension Plan 2025 offers a safe and reliable way to build lifelong income with just a one-time investment. It’s ideal for those looking to enjoy retirement without the fear of running out of money. With assured monthly payouts, zero market risk, and flexible options, this plan brings true peace of mind. So whether you are 25 or 55, it’s never too early or too late, to plan for your financial future.