LIC Pension Plans help you build a reliable, guaranteed income stream for your retirement years, backed by LIC's long-standing trust and financial strength. CoreLink Finance helps you choose the right pension plan to secure your post-retirement life.
Receive assured pension payouts at a frequency of your choice — monthly, quarterly, or yearly.
Trust the financial strength and track record of India's largest life insurer for your retirement.
Choose immediate annuity for instant income or deferred plans that build a corpus first.
An LIC Pension Plan, also known as an annuity plan, is designed to provide you with a steady, guaranteed income after retirement, in exchange for a lump-sum investment or regular contributions made during your working years.
LIC offers both immediate annuity plans — where the pension starts right after you invest a lump sum — and deferred pension plans, where you build up a corpus over time that is later converted into a regular income stream.
These plans are especially valued by retirees and near-retirees who want predictable, worry-free income without exposure to market-linked ups and downs, backed by the stability of LIC.
Receive a fixed pension for life, giving you financial independence in retirement.
Choose from annuity for life, annuity with return of purchase price, or joint-life annuity for spouse coverage.
Select monthly, quarterly, half-yearly, or yearly pension payouts based on your needs.
Contributions may qualify for tax deduction under applicable sections of the Income Tax Act.
Your pension amount is guaranteed and not affected by market fluctuations, unlike mutual fund-based retirement products.
Ensure your spouse continues to receive pension payouts after your lifetime, with select plan options.
Certain variants return the full purchase price to your nominee after your lifetime.
Rely on the financial stability and claim-paying track record of India's largest life insurer.
| Lump Sum Invested | Approx. Monthly Pension | Approx. Annual Pension |
|---|---|---|
| ₹10 Lakhs | ₹5,000 – 6,200 | ₹60,000 – 74,000 |
| ₹25 Lakhs | ₹12,500 – 15,500 | ₹1,50,000 – 1,86,000 |
| ₹50 Lakhs | ₹25,000 – 31,000 | ₹3,00,000 – 3,72,000 |
*Indicative figures for a 60-year-old, return of purchase price option. Actual pension depends on age, annuity option, and prevailing rates. GST applicable as per rules.
At CoreLink Finance, we don't just help you buy a policy — we actively support you through the claim process by coordinating with the insurer, guiding documentation, and following up for a smooth experience.
We help you choose the right insurer and policy based on claim settlement ratio, reliability, and your profile.
Before policy issuance, we ensure all your personal, financial, and medical details are accurate and properly declared.
We guide you in filling out proposal forms correctly, so no hidden or incorrect information gets submitted.
In case of a claim, you get a personal claim expert who handles the process — from documentation to settlement.
We actively coordinate and follow up with insurers to ensure quick and smooth claim processing.
Our team checks all documents before submission to avoid technical errors that often lead to delays or rejection.
Follow these steps to ensure your pension payouts and nominee benefits go through smoothly.
Ensure your age and identity documents match official records at the time of purchase.
Carefully select between life annuity, joint-life, or return of purchase price — this cannot usually be changed later.
Ensure your bank account details are current so pension payouts are never delayed.
Keep nominee details updated to ensure smooth processing of the return of purchase price, if applicable.
Some payout modes require periodic proof-of-life submission — stay on top of these requirements.
Retain your policy bond and premium receipts for easy reference and servicing.
An LIC pension plan suits anyone planning for a financially secure retirement. Consider this if you are:
Nearing retirement and want a guaranteed income stream
Have a lump sum (PF, gratuity, savings) to convert into regular income
Want retirement income that isn't exposed to market volatility
Want to ensure your spouse continues receiving income after you
Prefer the reliability and trust of a government-backed insurer
Planning retirement finances and want predictable monthly cash flow
Talk to CoreLink Finance for honest, no-obligation guidance on the right LIC pension plan for you.
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