LIC Monthly Investment Plans
An LIC Monthly Investment Plan is a type of life insurance policy with an investment component that is offered by Life Insurance Corporation (LIC) of India. An LIC Investment Plan allows individuals to invest a fixed amount of money on a monthly basis for a specified period of time and help them save and build wealth over time. Let us understand what LIC investment plans are, their key features and benefits, LIC policy details and the best LIC monthly investment plans available in India 2026.
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What is LIC Monthly Investment Plan?
LIC of India has introduced various LIC Monthly Investment Plans with flexible policy terms where users shall choose an investment term as per their requirements. Choosing an equity based fund or a debt based fund requires the policyholder to analyse their own risk tolerance and future financial goals.
Additionally, LIC monthly investment scheme offers life insurance coverage that acts as a safety net for your family in case of your unfortunate demise. These life insurance plans also provide optional riders for additional risk protection from accidental death, critical illnesses and several other sudden situations. Paying little by little for a long period of time under these LIC monthly savings schemes shall lead to a huge payout at the end. LIC Investment Plans are available at economical premium rates that shall not burn a hole in your pocket.
Best LIC Monthly Investment Plans
Here is a list of LIC investment plan options that can give you an idea of how the monthly premiums work under various policy options.
| Plan Name | Plan Type | Entry Age | Maturity Age | Policy Tenure |
|---|---|---|---|---|
| LIC New Jeevan Anand | Endowment Plan | 18 - 50 years | 75 years | 15 - 35 years |
| LIC Jeevan Labh | Endowment Plan | 8 - 59 years | 75 years | 16/21/25 years |
| LIC SIIP | Unit Linked Plan | 30 days - 65 years | 18 - 85 years | 10 - 25 years |
| LIC Jeevan Tarun | Money Back Plan | 30 days - 12 years | 25 years | 25 (minus) age at entry years |
| LIC New Pension Plus | Pension Plan | 25 years - 75 years | 85 years | 10 years - 42 years |
LIC New Jeevan Anand
LIC New Jeevan Anand plan is an LIC long term investment plan that provides life insurance and savings option so the policyholder is eligible for a death payout paid on life assured’s death and a maturity benefit paid on survival until the end of the policy term. This whole life insurance plan offers the flexibility for you to choose your premium paying frequency and policy term.
LIC Policy Details for New Jeevan Anand:
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Comprehensive plan with life protection and savings component
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Rebates on choosing a high sum assured.
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Loan facility available to take care of your immediate liquidity needs.
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Optional riders for additional protection from accidental death and disability, critical illnesses etc can be added.
Sample Premium Illustration
Here is an example of the annual and monthly premium amounts paid at different ages for a sum assured of Rs. 2 Lakhs calculated for a standard life.
| Age (Years) | Policy Term | ||
|---|---|---|---|
| 15 | 25 | 35 | |
| 20 | 16,229 (approx. 1,352 per month) | 9,339 (approx. 778 per month) | 6,517 (approx. 543 per month) |
| 30 | 16,885 (approx. 1,407 per month) | 9,810 (approx. 817 per month) | 6,968 (approx. 580 per month) |
| 40 | 18,012 (approx. 1,501 per month) | 10,711 (approx. 892 per month) | 7,918 (approx. 659 per month) |
| 50 | 19,914 (approx. 1,659 per month) | 12,397 (approx. 1,033 per month) | - |
The above premiums are exclusive of taxes.
To get your personal premium estimates of your LIC policy, use the LIC New Jeevan Anand Calculator. It requires you to enter your basic personal details and modify the policy details as per your requirement to generate premium estimates of LIC New Jeevan Anand.
LIC Jeevan Labh
LIC Jeevan Labh plan is an LIC endowment plan that offers risk protection with a savings component to maximise returns. You can pay premiums under a limited pay and get a death payout on life assured death and maturity benefit on surviving the maturity date. You can get enhanced returns as this is a participating policy and shares the company's surplus.
LIC Policy Details for Jeevan Labh
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Dual benefits of savings and risk cover protection
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Flexible premium paying frequency and policy term of 16 / 21 / 25 years
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Bonuses are added at the time of payout
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A lump sum is paid on surviving the policy term
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Increased benefits if you choose a high sum assured
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Loan facility available under this plan
Sample Premium Illustration
You can refer to this annual and monthly premium illustration calculated for a Basic Sum Assured of Rs 2 lakh for standard lives at various ages.
| Age (Years) | Policy Term/Premium Paying Term | ||
|---|---|---|---|
| 16 (10) | 21 (15) | 25 (16) | |
| 20 | 17,718 (approx. 1,476 per month) | 11,623 (approx. 968 per month) | 9,908 (approx. 825 per month) |
| 30 | 17,767 (approx. 1,480 per month) | 11,701 (approx. 975 per month) | 10,025 (approx. 835 per month) |
| 40 | 18,012 (approx. 1,501 per month) | 12,054 (approx. 1,004 per month) | 10,476 (approx. 873 per month) |
| 50 | 18,855 (approx. 1,571 per month) | 13,083 (approx. 1,090 per month) | 11,682 (approx. 973 per month) |
The above premiums are exclusive of taxes.
In order to get your estimated premiums under the same policy, use the LIC Jeevan Labh Premium and Maturity Calculator. It generates premiums under different premium paying frequency and the results are based on the details provided by you. You can use these estimates to form an estimate of your budget and should not be treated as final policy figures.
LIC SIIP
LIC SIIP is a unit linked LIC plan with insurance and savings. It is a non-participating ULIP plan that offers 4 fund options for you to invest in and even allows free switching 4 times in a single policy year. You basically can switch your funds to maximize gains after analyzing the market conditions.
LIC Policy Details for SIIP
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Offer life insurance for the entire policy term
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Refund of mortality charges on maturity of the policy
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Guaranteed additions as a percentage of annual premiums added to funds at specific intervals
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Flexible sum assured, type of fund, premium amount and other policy details.
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Partial withdrawals are allowed to help during fund requirement
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Add accidental death benefit rider to enhance coverage
Sample Premium Illustration
You can refer to this illustration to understand how benefits and premiums work under this plan:
Age of life assured is 35 years
Policy term is 15 years
Premium paying mode is yearly
Premium is Rs. 60,000
Sum assured is Rs. 6,00,000
Type of fund is bond fund
| Benefits at 4% p.a. | Benefits at 8% p.a. | |
|---|---|---|
| Total maturity benefit (fund value) | 10,59,263 | 14,71,897 |
| Net yield 6.01% |
| Policy year | Cumulative premium | Guaranteed additions | Fund value | Death benefit | Fund value | Death benefit |
|---|---|---|---|---|---|---|
| 6 | 3,60,000 | 3,000 | 3,68,874 | 6,00,000 | 4,22,761 | 6,00,000 |
| 10 | 6,00,000 | 6,000 | 6,53,967 | 6,53,967 | 8,15,018 | 8,15,018 |
| 15 | 9,00,000 | 9,000 | 10,59,263 | 10,59,263 | 14,71,897 | 14,71,897 |
If you wish to get your benefit and premium illustrations, use the LIC SIIP calculator on the LIC website that will help you make a responsible financial decision and adjust your budget accordingly.
LIC Jeevan Tarun
LIC Jeevan Tarun is a savings plan by LIC of India which offers life insurance and protection features for children. The annual survival benefit payout makes sure that the children’s growing educational needs and other necessities can be taken care of. The plan can be purchased by the parent or a grandparent of the child aged between 0 to 12 years.
LIC Policy Details for Jeevan Tarun
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This LIC policy matures at 25 years
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You can choose the premium paying frequency, option of survival benefits and payout options on death and maturity
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Add additional riders like premium waiver benefit for added benefits
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Discount on opting a higher sum assured
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Take a loan under this policy for immediate fund requirement
Sample Premium Illustration
This is a sample of premiums on an annual and monthly basis calculated for a sum assured of Rs. 2 Lakh for a standard life.
| Age / Option | 1 | 2 | 3 | 4 |
|---|---|---|---|---|
| 0 | 9,114 (approx. 759 per month) | 9,310 (approx. 775 per month) | 9,516 (approx. 793 per month) | 9,722 (approx. 810 per month) |
| 4 | 11,505 (approx. 958 per month) | 11,809 (approx. 984 per month) | 12,113 (approx. 1,009 per month) | 12,407 (approx. 1,033 per month) |
| 8 | 15,464 (approx. 1,288 per month) | 15,925 (approx. 1,327 per month) | 16,386 (approx. 1,365 per month) | 16,846 (approx. 1,403per month) |
| 12 | 22,854 (approx. 1904 per month) | 23,628 (approx. 1,969 per month) | 24,392 (approx. 2,032 per month) | 25,166 (approx. 2,097 per month) |
Use the LIC Jeevan Tarun 734 calculator to get your estimated premium under the LIC Jeevan Tarun plan. You will be required to enter your personal details like date of birth and gender along with some other policy details so that the calculator can generate customized results for your reference. You can even download these results for future reference.
LIC New Pension Plus
New Pension Plus by LIC is a non-participating, market linked individuals savings plan. Individuals looking for a pension plan with systematic savings that can act as a regular income post retirement, can opt for this plan. Policyholders can choose to pay single or limited premiums.
LIC Policy Details for New Pension Plus
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Plan offers growth, balanced, secured and bond fund options
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Guaranteed additions are added to your chosen funds at 6th, 10th and each year after 11th policy year
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Partial withdrawals are allowed after 5 years of lock in period
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You can switch funds 4 times a policy year for free
Sample Premium Illustration
This is a sample of premium and benefits under this plan. Assuming age of life assured to be 30 years at inception, policy term of 42 years, premium paying term of 42 years. Premium paying mode to be regular annual, premium of Rs. 30,000.
| Particulars | Benefits at 4% p.a. | Benefits at 8% p.a. |
|---|---|---|
| Total maturity benefit (Fund Value) | 23,33,031 | 64,85,578 |
| Annuity per annum | 2,79,130 | 7,79,262 |
| Net yield: 6.53% |
Use the LIC New Pension Plus calculator to get estimates for your personalized policy details. You can get your premium and return illustration completely free of cost using the LIC calculator.
How Much Will You Pay for LIC Monthly Plan?
Many people ask what ₹2,000, ₹5,000 or ₹10,000 a month turns into. First, know what you will pay in total. Then look at what you get back, which depends on the plan, your age and the sum assured.
| Monthly Premium | Total Paid in 10 years | Total Paid in 15 years | Total Paid in 20 years |
|---|---|---|---|
| 1,000 | 1,20,000 | 1,80,000 | 2,40,000 |
| 2,000 | 2,40,000 | 3,60,000 | 4,80,000 |
| 5,000 | 6,00,000 | 9,00,000 | 12,00,000 |
| 10,000 | 12,00,000 | 18,00,000 | 24,00,000 |
These are plain totals (monthly amount × 12 × years). They do not include GST or rider charges. Part of every premium pays for your life cover, and the rest goes toward the maturity amount. So the payout is never decided by the monthly amount alone. Before you buy, ask for the benefit illustration for your age and policy term. It shows the exact amount you can expect.
What are the Benefits of LIC Monthly Investment Plan?
LIC Investment schemes come with various benefits for the policyholders. Some of the key benefits of LIC monthly plan are given below:
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LIC Monthly Investment Scheme allows its customers to benefit from rupee cost averaging.
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Guaranteed returns are paid under such LIC Monthly Savings Schemes induce a sense of security within the investors.
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Most of the plans share the company’s profits with the LIC policyholders as bonuses. The total sum at the end of tenure pays terminal, interim and reversionary bonus.
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Your need for immediate liquidity can be taken care of through loans under the LIC monthly plan. You can easily withdraw funds if you require funds in an emergency.
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Additionally, tax benefits under section 80C of the Income Tax Act can also be availed.
What are the Key Features of LIC Monthly Investment Plans?
LIC Investment Plans allow you to modify your policy details as per your financial requirements and future goals. Whether you're considering an LIC monthly deposit scheme, an LIC monthly saving scheme, or simply want to understand how to invest in LIC, these plans offer a comprehensive combination of insurance benefits and regular returns. Read the key features of LIC monthly investment plans to know more:
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Investment and Insurance: Generally an LIC monthly saving scheme combines both insurance and savings components. A significant portion of the premium that you pay is invested in funds to generate wealth and the remaining portion is allocated to maintain the insurance cover.
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Payment of Premium: Premium amount that is to be paid depends on the age of the life assured, sum assured, duration of policy and several other factors that affect the premium amount. Premiums are paid regularly on a monthly basis throughout the policy tenure. LIC policies also provide single, limited and other regular modes of premium payment.
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Death Benefit: LIC monthly investment plans provide a sum assured on death along with vested bonuses, if any, to the nominee in case the life assured unfortunately passes away during the policy term. You can avail the death benefit as a lump sum or installments or even both.
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Maturity Benefit: LIC monthly investment plans offer a sum assured on maturity if the policy owner survives the policy term. Maturity benefit includes any bonuses that the policy has accrued over time, if applicable. You can choose to avail the maturity benefit as a lump sum or as installments but it depends on the policy chosen by you.
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Bonus and Additions: Most LIC policies share the company's annual surplus that is paid at the time of payout. These additions enhance the overall benefit payout. If you choose a participating policy, then the invested amount is enhanced at the time of payout.
How to Buy LIC Monthly Investment Plans?
Buy LIC Monthly Investment Plan through LIC’s official website:
Step 1: Visit the official LIC website.
Step 2: Click “Buy Online” on the top right corner.
Step 3: Choose the plan from the drop-down menu and click on “Know More”.
Step 4: After this, on the next page, fill in the required details.
Step 5: You can check the plans available and customize them according to your needs. Once you've done this, you can pay your premiums online.
Buy LIC plans through Policybazaar:
Step 1: Visit Policybazaar’s official website
Step 2: Fill the form with your name and contact number and click on “View plans”.
Step 3: Enter your age, the city you live in, and your annual income.
Step 4: Once you’re done, select the plan by choosing your desired investment amount, tenure and click on “Get Details”.
Step 5: Cross-check the details, the premium you need to pay, and customize the amount and tenure of your investment as you want. Proceed to make an online payment.
Note: Policybazaar also provides door-to-door advisors to resolve your queries and assist you with your LIC per month scheme options.
Which Plans Pay You an LIC Monthly Income?
LIC monthly income plan is a life insurance plan by LIC that will give you a monthly payout based on your investment. LIC offers monthly income plans in the form of a pension, or annuity, plan, where you pay once and get a fixed amount every month for life.
People commonly refer to the pension plans as LIC monthly income policy or a monthly income plan in LIC India. The plans below are the LIC monthly income policy available on LIC’s website:
| Plan | How it works | When income starts | Entry age | Smallest monthly pension |
|---|---|---|---|---|
| LIC Smart Pension | Pay once, get a guaranteed pension for life. Choose single life or joint life, and add options such as return of purchase price | One month after you buy, if you pick monthly mode | 18 - 85 years | Rs. 1000 |
| LIC Jeevan Akshay-VII | Pay once, get a guaranteed pension for life. Choose single or joint life, with or without return of purchase price | Immediate annuity option available | 25 - 85 years | Rs. 1000 |
| LIC New Jeevan Shanti | Pay once now, and the pension starts after a waiting period | After the deferment period ends | 30 - 79 years | Rs. 1000 |
| LIC Saral Pension | A simple immediate annuity, bought with one payment | Soon after you buy | 40 - 80 years | Rs. 1000 |
Before you buy any LIC monthly income scheme, know these points:
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The pension rate is fixed on the day you buy and does not change.
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You cannot change the annuity option later in the LIC monthly income plan.
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There is no maturity benefit.
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Surrender and loans are allowed only on options that return the purchase price, and surrender can mean a big loss.
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Under the plain life options, nothing is paid to your family after you die. Pick an option with return of purchase price if you want them to get money back in your monthly income plan in LIC India.
Are LIC Monthly Investment Plans Helpful?
LIC monthly investment plan is one such option that aims to provide a disciplined approach towards investing. However, it is important to weigh the pros and cons of an LIC investment plan on a monthly basis against other investment options. Compare all your options and then choose the option that checks all your requirements.
LIC Resources
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LIC Online Services |
LIC Investment Plans |
LIC Other Plans |
FAQs
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Q1. What is the LIC 5000 per month plan for 5 years?
Ans: LIC Jeevan Umang Plan offers a premium payment option of Rs. 5,000 every month for 5 years. This can be the best LIC investment plan for you if you wish to get an insurance cover and investment benefit through long-term growth of wealth and other LIC monthly income plan features. LIC 5000 per month policy for 5 years can provide you a comprehensive insurance cover and long-term savings to safeguard your family.
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Q2. What is the LIC 10,000 per month policy?
Ans: LIC 10,000 per month policy is referred to an insurance plan where you can pay premiums of 10,000 per month. For example, the LIC 10,000 per month policy is the LIC pension scheme for people above 60 years of age. Investing Rs. 10,000 per month is an ideal way to get a guaranteed monthly income for 10 years after retirement. LIC investment plans offer disciplined income payout that offer financial security post retirement. It is one way that LIC provides regular cash flow through its policies. You can even look for a LIC 5000 per month policy if you wish to pay even lower premiums.
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Q3. Can LIC be paid monthly?
Ans: Yes, many LIC investment plans offer the option to pay your premiums on a monthly plan basis. This includes various types of plans, such as endowment plans, money-back plans, and pension schemes. You can choose an LIC monthly investment plan that fits your budget, making it easy to keep your premiums affordable.
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Q4. What is the LIC 2000 per month plan?
Ans: LIC 2000 per month plan refers to the LIC investment plan where the life assured regularly pays a premium of Rs.2000 every month to keep the LIC policy active. A ₹2,000/month LIC investment typically fits plans like LIC Jeevan Labh (Plan 736) or LIC New Money Back 20 years (Plan 720). Annual premium of ₹24,000 under such traditional endowment policies form a tax free lump sum over the policy term while the cover stays active.
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Q5. Which LIC plan is best for monthly income?
Ans: Some of the best LIC monthly investment plans for regular income are LIC Jeevan Labh (Entry Age of 18 - 50 years with PT 15 - 35 years), LIC SIIP (Entry Age of 30 days - 65 years with PT 10 - 25 years) and LIC New Pension Plus (Age of 25-75 years with PT 10-42 years).
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Q6. Is there any LIC plan 5 years double money?
Ans: LIC does not claim to offer policies that double money over 5 years. You can choose the unit linked plan by LIC for absolute wealth generation because the funds are market linked so the wealth generation is the most under such plans. But if you are looking for LIC monthly investment plans for 5 years or LIC monthly savings plan for 5 years, then visit the official website of LIC and find different types of policies that allow you to customize the policy term as per your requirement. If investing for 5 years is not enough, then you shall choose the LIC monthly investment plans for 10 years after checking if it suits your requirements.
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Q7.What is the best LIC monthly income scheme for senior citizen?
Ans: There is no one best LIC Monthly income scheme for senior citizen because everybody has different goals and affordability so you need to go through all the pension plans by LIC to find the one that best suits your needs. LIC’s New Pension Plus plan is one such plan with a monthly premium option.
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Q8. What is the best LIC monthly deposit scheme?
Ans: Every LIC monthly investment plan scheme offers different benefits that suit different insurance requirements. So if one plan is beneficial for your friend, it might not be the ideal plan for you. You can use the LIC monthly investment plans calculator to know the premium and maturity estimates for your chosen plan. To find the best LIC monthly investment plan, you will need to analyse your future needs, affordability and the type of plan you need. Then go through their brochures, compare various aspects and finally select a monthly investment plan that is particularly beneficial for you.
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Q9. How does the LIC calculator help us?
Ans: These estimates from the LIC calculator can help you compare various plans and then select the one that fulfills your requirements. If you are looking for short term plans, then you can maybe look for LIC 5000 per month for 5 years or even modify the figures as per your preference.
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Q10. Is there any LIC fixed deposit monthly income plan?
Ans: No, LIC does not sell any fixed deposits so there aren’t any LIC specific fixed deposit monthly income plans. However, LIC's subsidiary LIC HFL offers a fixed deposit scheme. Sanchay Deposit lets you take your interest every month if you deposit at least Rs.20,000 for 1 year to 5 years as per your convenience.
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Q11. What is LIC 2000 per month policy for 10 years?
Ans: An LIC ₹2,000 per month policy for 10 years means paying ₹24,000 annually, amounting to a total investment of ₹2.4 lakh over the policy period. The maturity amount and life cover depend on the LIC plan selected, the policyholder's age and the sum assured.
Different types of Plans
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
^Trad plans with a premium above 5 lakhs would be taxed as per applicable tax slabs post 31st march 2023
+Returns Since Inception of LIC Growth Fund
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
++Returns are 10 years returns of Nifty 100 Index benchmark
˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar Insurance Brokers Private Limited does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in
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