Introduction
Recent buzz around LIC launched a new pension scheme promising around 11,000 rupees per month with government guarantee has caught attention, especially from retirees seeking stable income. The viral claim largely refers to revised annuity rates in LIC’s Jeevan Shanti (Plan 858), an immediate annuity plan where a one-time investment can yield approximately ₹11,000 monthly pension (depending on age, option, and deferral period). While LIC is government-owned and plans are highly secure, not all are directly “government-guaranteed” like PMVVY. This guide clarifies the facts, how to achieve ₹11,000 monthly, eligibility, and comparisons with other options for informed retirement planning.
Understanding the Viral Pension Scheme Claim
The headline stems from updated rates in LIC Jeevan Shanti, a single-premium deferred/immediate annuity plan.
- Example Yield — For a ₹10 lakh investment in single-life deferred option, monthly pension can reach ~₹11,192 (rates effective early 2025).
- Government Link — LIC’s sovereign backing provides strong security, though annuity payouts depend on prevailing rates.
- No brand-new scheme launched specifically in late 2025—claims amplify Jeevan Shanti revisions for better returns.
This non-linked, non-participating plan suits those wanting guaranteed lifelong income.
How to Earn Around ₹11,000 Monthly Pension
Achieve 11,000 rupees per month through strategic choices:
- Investment Amount — ₹10–12 lakh lump sum (varies by age and deferral).
- Annuity Options — Higher rates with deferral (1–10 years) or single-life.
- Payout Frequency — Monthly, quarterly, half-yearly, or yearly.
- Joint Life — Slightly lower (~₹10,500–11,000) but continues for spouse.
- Return of Purchase Price — Many options refund principal on death.
Rates lock at purchase; consult LIC branch for exact quotes based on current age.
Key Features and Benefits
Jeevan Shanti offers flexibility and security:
- Immediate or Deferred — Start pension now or later for higher amounts.
- Multiple Options — 10+ variants, including with/without return of premium.
- Loan Facility — Available after policy start.
- Tax Implications — Pension taxable; no 80C benefit on premium.
- Death Benefit — Varies by option (lump sum to nominee).
Ideal for risk-averse retirees prioritizing predictability.
Eligibility and Purchase Process
Simple criteria make it accessible:
- Age — 30–79 years (varies by option).
- Minimum Premium — ₹1–1.5 lakh (for minimum annuity).
- No Upper Limit — Invest as per needs.
- Buy online via LIC website or offline at branches.
Submit KYC, age proof, and payment—policy activates quickly.
Comparison with Other LIC/Government Schemes
- PMVVY — Older subsidized plan (closed for new; ~7.4% rate).
- Saral Pension — Standard immediate annuity (~5–6% effective).
- Jeevan Shanti stands out for higher potential yields in deferred modes.
Always compare current rates.
Conclusion
While no entirely new scheme matches the exact viral description, LIC launched a new pension scheme hype highlights attractive updates in Jeevan Shanti, enabling 11,000 rupees per month or more with government-backed LIC security. This reliable option suits planning steady retirement income—visit LIC for personalized illustrations and lock rates soon. Secure your future with informed choices.
FAQs:
Is there a new LIC pension scheme guaranteeing ₹11,000 monthly?
No brand-new scheme, but revised Jeevan Shanti rates allow ~₹11,000+ monthly on ₹10–12 lakh investment.
Is the pension government-guaranteed?
LIC is government-owned with strong security; payouts guaranteed by LIC, not direct subsidy like older schemes.
What investment yields ₹11,000 monthly?
Around ₹10 lakh in deferred single-life option; exact depends on age and rates.
Who is eligible for this LIC pension plan?
Ages 30–79; single premium, immediate or deferred annuity for lifelong income.