In today’s uncertain financial environment, most investors are looking for options that offer complete safety along with a steady and predictable income. This need becomes even more important for individuals planning retirement or those who have received a lump-sum amount from savings, property sales, or retirement benefits. To meet this demand, Life Insurance Corporation of India (LIC) offers reliable pension solutions such as Jeevan Akshay and Jeevan Shanti, which are gaining popularity among risk-averse investors.

The biggest attraction of these LIC pension plans is that they require only a one-time investment, eliminating the stress of paying premiums every month or year.

What Is LIC’s Single-Premium Pension Scheme?

LIC’s pension offerings fall under the category of Immediate Annuity Plans. This means that once an investor deposits a lump-sum amount, the pension payout begins almost immediately—usually from the very next month.

Policyholders can choose how frequently they want to receive their pension. LIC allows flexibility with multiple payout options, including:

• Monthly

• Quarterly

• Half-yearly

• Yearly

This flexibility makes the scheme suitable for retirees as well as individuals seeking a stable secondary income.

How to Get ₹10,000 Per Month as Pension

If your goal is to receive ₹10,000 per month, which equals ₹1.2 lakh annually, the investment amount will depend mainly on your age at the time of purchase and the annuity option selected.

For example, an individual aged between 45 and 50 years may need to invest approximately ₹15–16 lakh as a one-time premium under the Jeevan Akshay plan. Based on current annuity rates, this investment can generate a lifelong monthly pension close to ₹10,000.

It is important to note that pension rates vary according to age and chosen benefits. LIC offers several options, such as:

• Pension for life with continuation to spouse after death

• Pension with return of purchase price to nominee

• Joint-life annuity options

Key Benefits of LIC Pension Plans

Guaranteed Lifetime Income:
Once the pension rate is fixed at the time of purchase, it remains unchanged for life, regardless of future interest rate fluctuations.

No Medical Examination Required:
Applicants are not required to undergo any medical tests, making the process simple and hassle-free.

Immediate Income Start:
Pension payments begin soon after investment, making this scheme ideal for retirees who need instant cash flow.

Loan Facility Available:
In case of emergencies, policyholders can avail a loan against the policy, ensuring liquidity without breaking the investment.

Who Should Consider Investing?

This LIC pension plan is best suited for individuals who:

• Have received retirement benefits such as PF, gratuity, or VRS funds

• Sold property and want a safe income source

• Prefer guaranteed returns over market-linked investments

• Wish to avoid stock market risks

By choosing this plan, investors can enjoy financial stability while maintaining peace of mind during their retirement years.

A well-timed investment today can secure a stress-free tomorrow. LIC’s single-premium pension plan offers not just regular income but also dignity, independence, and long-term financial security.