₹12,000 Monthly Pension Straight to Your Bank Account: This LIC Scheme Can Secure Your Retirement

Planning a steady income after retirement is one of the biggest financial concerns for most people today. To address this need, the Life Insurance Corporation of India (LIC) offers several pension-focused schemes designed for long-term financial security. Among them, the LIC Simple Pension Plan stands out as a safe, government-backed option that can provide a regular monthly pension of up to ₹12,000.

This plan is especially suitable for individuals looking for a risk-free retirement income without the uncertainties of the stock market.

What is the LIC Simple Pension Plan?

The LIC Simple Pension Plan is a single-premium annuity plan that offers a guaranteed pension for life. Under this scheme, you make a one-time investment, and in return, LIC provides you with a fixed monthly pension after retirement.

The primary goal of this plan is to ensure a stable and predictable income stream throughout your lifetime.

Key features of the LIC Simple Pension Plan

  • One-time investment: Invest once and receive a pension for life

  • Guaranteed and risk-free: Backed by LIC, ensuring capital safety

  • Regular monthly income: Pension credited directly to your bank account

  • Lifetime coverage: Pension continues as long as the policyholder is alive

With the right investment amount, this scheme can provide a monthly pension of up to ₹12,000 or more.

How to get a ₹12,000 monthly pension

Under this plan, an annuity can be purchased with a minimum annual pension of ₹12,000. There is no upper limit on the investment amount, allowing investors to choose a pension level that suits their retirement needs.

For instance, as per available illustrations, if a 42-year-old investor makes a one-time investment of around ₹30 lakh, they could receive a monthly pension of approximately ₹12,000 to ₹12,400 after retirement.

Additional benefits of the scheme

  • The policy can be used as collateral for a loan after six months, subject to LIC rules

  • Flexible annuity options based on individual needs

  • Simple purchase and management process

How to buy the policy

The LIC Simple Pension Plan can be purchased by visiting LIC’s official website www.licindia.in or through an authorized LIC agent.

Final takeaway

For those seeking a secure, guaranteed pension income, the LIC Simple Pension Plan offers a reliable solution. With a single investment and no market risk, it can help ensure financial independence and peace of mind during retirement.