Deposit money once and get guaranteed income throughout your life. This scheme of LIC created a stir, know how to avail the benefits: – ..

News India Live, Digital Desk: Even today, LIC is another name to be trusted in the world of investment. If you also want to secure your future financially and want to avoid the hassle of paying premium again and again, then LIC’s ‘Single Premium’ plans can prove to be a game-changer for you. 3 March 2026 According to the latest update, LIC has added such features in some of its selected policies, where you can get regular income for the whole life by investing just once.

1. Lump sum investment and peace of life (One-Time Investment)

Often people are worried about paying the premium every month or every year. LIC’s schemes like ‘Jeevan Utsav’ and ‘New Jeevan Shanti’ eliminate this worry.

Single Premium Option: In this you have to deposit the lump sum amount only once.

Guaranteed Returns: Market fluctuations have no effect on it. It is decided at the time of investment that how much amount you will get in future.

2. LIC Jeevan Utsav: Guaranteed 10% Income every year

One of the most popular plans of LIC, ‘Jeevan Utsav’ (Plan 871) is best for those who want a fixed income after retirement.

After premium period: As soon as your chosen premium paying term ends (e.g. 5 to 16 years), you will receive the Sum Assured. 10% share every year Keeps getting it throughout life.

Flexi Income: If you do not need the money immediately, you can deposit it with LIC, on which you also get an annual interest of 5.5%.

3. Pension tension over: Jeevan Shanti Yojana (Annuity Benefits)

If you want to start pension immediately or after a gap of few years, ‘Nai Jeevan Shanti’ is an ideal option.

Deferred Annuity: You can defer your pension for 1 year to 12 years. The longer you wait, the more the pension amount will increase.

Joint Life Cover: You can also invest in this policy along with your spouse or any family member.

4. Tax Savings & Security

In these schemes of LIC, not only income but also security has been taken full care of:

Benefits of Section 80C: You can claim exemption under Section 80C of Income Tax on the amount invested.

Death Benefit: If any untoward incident happens to the policyholder, the nominee is given the accrued bonus along with the deposited amount.

Loan facility: In case of emergency, you can also take a loan against your policy.

5. Who can take this policy? (Eligibility)

minimum age: People from 90 days old to 65 years old (depending on the policy) can invest in it.

Investment Limit: The minimum sum insured starts from ₹5,00,000, while there is no limit on the maximum investment. You can also invest crores as per your capacity.