The LIC Smart Pension Plan 2025 (Plan No. 879) is a popular immediate annuity scheme launched by Life Insurance Corporation of India. This single-premium plan guarantees lifelong pension payments, making it perfect for retirees, NPS subscribers, and anyone seeking stable post-retirement income.
What Makes This Plan Special?
LIC Smart Pension Plan 2025 offers guaranteed returns backed by India’s most trusted insurer. You pay a one-time lump sum and start receiving regular pension immediately or after a short deferment. It protects against market risks and ensures income even if you live longer than expected.
Flexible Annuity Options
The plan provides multiple annuity choices, including single life, joint life with spouse, and return of purchase price on death. Options with increasing pension rates help combat inflation. Existing LIC policyholders enjoy higher annuity rates as loyalty incentives.
Easy Eligibility and Purchase
Anyone aged 18 to 100 years (depending on option) can buy this plan. The minimum purchase price starts at ₹1,00,000 (lower for certain categories). You can purchase online via licindia.in or through agents and branches without medical examination in most cases.
Additional Benefits
Loan facility is available under select options after the free-look period. Partial surrender offers liquidity in emergencies. The plan also qualifies for special rates for Divyangjan and NPS proceeds.
| Feature | Details |
|---|---|
| Plan Type | Single Premium Immediate/Deferred Annuity |
| Launch Date | February 18, 2025 |
| Minimum Purchase Price | ₹1,00,000 (₹50,000 for select cases) |
| Annuity Payout Modes | Monthly, Quarterly, Half-Yearly, Yearly |
| Entry Age | 18–100 years (option dependent) |
| Key Advantages | Guaranteed income, Loan option, Higher rates for existing policyholders |
Why Choose LIC Smart Pension Plan 2025 Now?
With rising life expectancy and inflation eroding savings, depending only on EPF or bank FDs carries risks. This plan delivers sovereign-guaranteed income, tax benefits on purchase via NPS or other proceeds, and complete peace of mind.
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