LIC Pension Scheme 2025 : The Life Insurance Corporation of India (LIC) has expanded its list of facilities under the newly launched Pension Scheme for 2025. It is meant to give peace, joy, and solace to the increasing older population. These improvements are designed to provide greater stability and higher monthly returns for pensioners and those thinking of retiring in the next few years, particularly with the costs of living being high and inflation bothering everyone.
LIC Pension Scheme 2025 could, indeed, be your cushion for financial security, either as a working individual looking for a safe pension plan or as someone retired, trying to generate a regular income. Let’s take a look at the new features, eligibility criteria, and monthly income benefits.
What’s New In LIC Pension Scheme 2025?
With monthly pension returns enhanced, a relaxing increase of age limit, and tax-efficient options afforded, the LIC Pension Scheme has become more attractive than it ever was before. Some significant improvements are as follows:
- Higher Monthly Payouts : The scheme offers monthly income of up to ₹9,250 (subject to investment and age).
- Longer Tenure Options : Policyholders have a flexibility of 10 to 20 years for pension term.
- Payout Mode Choices : Opt for monthly, quarterly, half-yearly, or yearly incomes.
- Loan Facility : Loans may be availed after 3 years of the policy completion.
- Return of Purchase Price : If the policyholder dies, the purchase money is returned to the nominee.
The purpose of these improvements is to secure financial well-being and peace of mind for the retiree.
LIC Pension Scheme 2025 Eligibility Criteria
Criteria for Eligibility under LIC Pension Scheme 2025 are as follows:
- Age: Minimum ages posted being 30 years with the maximum age limit set at 75.
- Purchase Limit: The minimum purchase price starts at ₹1.5 lakh, while under individual plans, the maximum limit can go up to ₹15 lakh.
- The applicant must be an Indian resident.
- Medical Tests: Cancellation of these tests makes the entire process simple and quick.
The simplified setting of eligibility criteria opens the way for more pensioners to avail of the lucrative pension.
Monthly Gross Returns And Income Illustration
Unquestionably, one cash flow that is assured by the LIC Pension Scheme 2025 is the monthly income being dependent upon the amount invested and the mode of payout. For example:
- An investment of ₹10 lakhs may fetch a monthly pension of ₹6,250 to ₹9,250, as per age and plan type.
- The Pradhan Mantri Vaya Vandana Yojana (PMVVY) Offered Through LIC comes with a guaranteed return of 7.4 percent per annum, locked in for 10 years.
Thus, in the market, the LIC pension scheme is one of the most reliable retirement solutions.
Also Read : DA Arrears Update 2025 : Centre Likely To Release 18-Months Pending Allowance