LIC Smart Pension Plan 879 — Monthly Pension Calculator 2026

A secure retirement is a dream for many Indians, and the LIC Smart Pension Plan 879 is a step towards achieving this goal, it is a type of single premium pension plan that provides a guaranteed monthly pension, so you can plan your retirement with confidence

In India, 2026, planning for retirement is more important than ever, with the increasing cost of living and the need for a steady income after retirement, many Indians are looking for practical advice on how to invest their money wisely, the LIC Smart Pension Plan 879 is a popular option, it is a type of single premium pension plan that provides a guaranteed monthly pension, so you can plan your retirement with confidence, the plan is designed to provide a regular income to the policyholder after retirement, and it is a great option for those who want to ensure a comfortable retirement, the Premium (प्रीमियम) paid for this plan is a one-time payment, and the policyholder can choose from different pension options, including a lifetime pension or a pension for a fixed period

The LIC Smart Pension Plan 879 is a great option for those who want to plan their retirement in advance, it provides a guaranteed monthly pension, which can be used to meet the living expenses after retirement, the plan also provides a death benefit, which is paid to the nominee in case of the policyholder's death, the Sum Assured (बीमा राशि) for this plan is the single premium paid, and the bonus rate is ₹50 per ₹1,000 sum assured, the XIRR return for this plan is around 5-6%, which is comparable to other pension plans in the market, for example, if you invest ₹10 lakhs in this plan, you can get a monthly pension of around ₹5,500, which is a great return on investment

Features of LIC Smart Pension Plan 879

The LIC Smart Pension Plan 879 is a single premium pension plan that provides a guaranteed monthly pension, the plan has a number of features that make it an attractive option for those planning their retirement, for example, the plan provides a lifetime pension option, which means that the policyholder will receive a monthly pension for their entire life, the plan also provides a death benefit, which is paid to the nominee in case of the policyholder's death, the Maturity (मैच्युरिटी) benefit for this plan is the guaranteed monthly pension, which is paid to the policyholder after retirement, the plan also provides a loan facility, which allows the policyholder to take a loan against the policy, the interest rate for this loan is around 9-10%, which is comparable to other loan options in the market

• Lifetime pension option
• Death benefit
• Loan facility
• Guaranteed monthly pension

Benefits of LIC Smart Pension Plan 879

The LIC Smart Pension Plan 879 provides a number of benefits to the policyholder, for example, the plan provides a guaranteed monthly pension, which can be used to meet the living expenses after retirement, the plan also provides a death benefit, which is paid to the nominee in case of the policyholder's death, the plan is also exempt from tax, which means that the policyholder does not have to pay tax on the premium paid, the plan also provides a loan facility, which allows the policyholder to take a loan against the policy, the interest rate for this loan is around 9-10%, which is comparable to other loan options in the market, for example, if you invest ₹5 lakhs in this plan, you can get a monthly pension of around ₹2,500, which is a great return on investment, the XIRR return for this plan is around 5-6%, which is comparable to other pension plans in the market

• Guaranteed monthly pension
• Death benefit
• Tax exemption
• Loan facility

How to Calculate the Monthly Pension

The monthly pension for the LIC Smart Pension Plan 879 can be calculated using a formula, the formula takes into account the single premium paid, the age of the policyholder, and the pension option chosen, for example, if you invest ₹10 lakhs in this plan, and you choose the lifetime pension option, you can get a monthly pension of around ₹5,500, which is a great return on investment, the XIRR return for this plan is around 5-6%, which is comparable to other pension plans in the market, the plan also provides a death benefit, which is paid to the nominee in case of the policyholder's death, the Sum Assured (बीमा राशि) for this plan is the single premium paid, and the bonus rate is ₹50 per ₹1,000 sum assured, for example, if you invest ₹5 lakhs in this plan, you can get a monthly pension of around ₹2,500, which is a great return on investment

• Single premium paid
• Age of the policyholder
• Pension option chosen

Comparison with Other Pension Plans

The LIC Smart Pension Plan 879 is comparable to other pension plans in the market, for example, the plan provides a guaranteed monthly pension, which is similar to other pension plans, the plan also provides a death benefit, which is paid to the nominee in case of the policyholder's death, the plan is also exempt from tax, which means that the policyholder does not have to pay tax on the premium paid, the plan also provides a loan facility, which allows the policyholder to take a loan against the policy, the interest rate for this loan is around 9-10%, which is comparable to other loan options in the market, for example, if you invest ₹10 lakhs in this plan, you can get a monthly pension of around ₹5,500, which is a great return on investment, the XIRR return for this plan is around 5-6%, which is comparable to other pension plans in the market, the plan is also comparable to other investment options such as FD, PPF, and term insurance, for example, if you invest ₹5 lakhs in a FD, you can get an interest rate of around 5-6%, which is comparable to the XIRR return of the LIC Smart Pension Plan 879

• Guaranteed monthly pension
• Death benefit
• Tax exemption
• Loan facility

Conclusion

The LIC Smart Pension Plan 879 is a great option for those planning their retirement, the plan provides a guaranteed monthly pension, which can be used to meet the living expenses after retirement, the plan also provides a death benefit, which is paid to the nominee in case of the policyholder's death, the plan is also exempt from tax, which means that the policyholder does not have to pay tax on the premium paid, the plan also provides a loan facility, which allows the policyholder to take a loan against the policy, the interest rate for this loan is around 9-10%, which is comparable to other loan options in the market, for example, if you invest ₹10 lakhs in this plan, you can get a monthly pension of around ₹5,500, which is a great return on investment, the XIRR return for this plan is around 5-6%, which is comparable to other pension plans in the market, the plan is also comparable to other investment options such as FD, PPF, and term insurance, for example, if you invest ₹5 lakhs in a FD, you can get an interest rate of around 5-6%, which is comparable to the XIRR return of the LIC Smart Pension Plan 879, so it is a good idea to consider this plan as part of your retirement planning strategy

Summary of LIC Smart Pension Plan 879