LIC’s Smart Pension Plan 2026

Immediate Annuity – Start receiving pension right after investing

Deferred Annuity – Choose to receive pension after a selected period

Joint-Life Annuity – Pension continues for spouse after policyholder’s lifetime

LIC Smart Pension Plan Details

1. 100% guaranteed pension for life
2. Flexible annuity payout options – monthly, quarterly, half-yearly, or yearly
3. Return of purchase price on death or survival (based on plan chosen)
4. Lifetime financial security with no market risks

On Survival of the Annuitant

1. The annuitant will continue to receive pension payments as per the annuity option selected.
2. In case of Joint-Life Annuity, the secondary annuitant (spouse) will continue receiving the annuity after the primary annuitant’s lifetime.

On Death of the Annuitant

1. The nominee will receive benefits as per the selected annuity option.
2. Certain plans provide a return of purchase price to the nominee upon the annuitant’s passing.

How to Buy LIC’s Smart Pension Plan?

• Visit the nearest LIC branch or official website.
• Choose your annuity option and investment amount.
• Submit required KYC documents and payment.
• Get your policy issued instantly and start receiving benefits.

Eligibility Criteria

Age: 40 to 80 years

Minimum Purchase Price: As per LIC’s terms

No Medical Tests required

Benefits of LIC’s Smart Pension Plan

1. Guaranteed Income for Life

2. Multiple Annuity Options

3. No Market Risks

4. Joint Annuity for Spouse’s Security

5. Tax Benefits under Section 80CCC

Special Provisions

Loan Facility – Available after a certain period

Surrender Option – In case of financial emergency

Return of Purchase Price for specific plans

Why Choose LIC Smart Pension Plan 2026?

Reliable & Trusted – Backed by LIC’s financial strength

Flexible Payouts – Choose how & when to receive annuity

Secure Future – No risk of market fluctuations

How to Apply for LIC Smart Pension Plan?

1. Online Application

Step 1: Visit LIC’s official website.

Step 2: Select the Smart Pension Plan and choose your preferred annuity option.

Step 3: Enter personal details and investment amount.

Step 4: Upload required KYC documents.

Step 5: Make the payment online and receive policy confirmation instantly.

2. Offline Application

Step 1: Visit your nearest LIC branch.

Step 2: Consult an LIC representative to understand annuity options.

Step 3: Fill out the application form and submit KYC documents.

Step 4: Make the payment and receive your policy details.

3. Through LIC Agents

Step 1: Contact an authorized LIC agent.

Step 2: Get guidance on the best annuity option.

Step 3: Complete paperwork and payment with agent assistance.

4. Call Support for Assistance

Step 1: Contact LIC’s customer care team.

Step 2: Get expert guidance and step-by-step application support.