Think of swapping the daily hustle and bustle for the calming and relaxing view of the sunset with the thought that your finances are already giving you a “yes” answer for every fancy. Here comes LIC’s Smart Pension Plan 2025 – a light-house of retiring pleasure that has come out of India’s changing financial scene.
A New Presentation For Security At The Right Time
This non-linked, non-participating immediate annuity plan from the Life Insurance Corporation of India (LICI) incepted on 18 February 2025 gives a one-time lump-sum investment a considerable monthly income. It is primarily directed to retired persons, NPS participants, and parents of special-needs persons getting the income every month just like the ones in the market being guaranteed. In October 2025 it is full of news, including easier licensing of online purchasing through licindia.in with new developments in the pipeline for easier online purchase.
What Makes It Different From Others 2025
This plan transfers huge investments into rocksolid features in an investment world where everything is uncertain. The minimum premium for the single policy is ₹1,00,000 without any limit on the maximum but like always the company has policies apply. The various kinds of annuities can be taken by the company at your customer’s convenience: monthly, quarterly, half-yearly or yearly. It is available for individuals and groups with ages between 18 and 100, and joint life covers which extend to spouses, children or even parents-in-law. There is a possibility for liquidity to happen with a 30-day free-look for refunds minus little charges. The customer can surrender anytime after the free-look period and get back 80% of the purchase price if he is early.
Customized Annuity Options For Every Fantasy
Single life? You will receive your single payouts till your passing. Partner wants? The joint life annuities will continue for your spouse after your death with ratios like 100% or 50% of the original amount. Would you like a death benefit? Choose to return to the purchase price to the nominees or 10 years certain flow ensuring even if destiny cuts short. Existing LIC customers can expect a hike in the annuity rates from a fixed to a variable which is a giant financial advantage amidst the reshaping economy of 2025.
Pricing Snapshot
| Age (Years) | Single Life Annuity (₹/Month per ₹1 Lakh Premium) | Joint Life (100% to Spouse) (₹/Month per ₹1 Lakh Premium) |
|---|---|---|
| 40 | 425 | 390 |
| 50 | 520 | 475 |
| 60 | 650 | 590 |
| 70 | 820 | 720 |
| 80 | 1,050 | 910 |
*These rates are applicable as on October 2025; use the LIC’s calculator for your personalized quotes. A GST of 1.8% is applicable to the premium.
Perks That Seal The Deal
There are many ways one can take advantage of the tax benefits – the premiums on annuities are deductible under Section 80C, and the annuity payouts are tax-free until the prescribed limits. It is a boon to families with special needs as it guarantees the flow of support and the avoidance of deferral which is not possible with NPS, hence collecting is a case of instant gratification. Not all roses – fixed rates are still at the mercy of inflation, pair it with the growth assets.
Your Next Step To Effortless Retirement
Just log on to the website or call an agent, that is all! As the year 2025 continues, the Smart Pension Plan by LIC is not just a way of safeguarding oneself against any financial risk but it is also an opportunity to do whatever you want without worrying about the tomorrow. So grab this opportunity today and the concerns of tomorrow will eventually be gone.
Also Read: EPS-95 Pension Hike 2025: Government Increases Minimum Pension To ₹7,000 For Retirees