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LIC Pension Calculator 2026

Calculate estimated monthly, quarterly, half-yearly, and yearly pension payouts for LIC retirement plans including Jeevan Akshay VII and New Jeevan Shanti. Updated for 2026.

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How much pension will I get if I invest 10 Lakhs in LIC?

For a lump sum investment of ₹10 Lakhs in LIC Jeevan Akshay VII (Single Life, return of purchase price option) at age 60, you will get an annuity rate of approximately 7.50% p.a., resulting in a monthly pension of ₹6,000 (after a 4% modal loading adjustment) or a yearly pension of ₹75,000.

Why Lock Your Retirement Savings in LIC Annuities?

LIC pension plans are ideal for retirees who require a guaranteed, lifelong income stream that is completely immune to interest rate fluctuations. Once you invest your retirement corpus (gratuity, PF, or savings), the payout amount remains locked for the rest of your life.

Annuity yields scale up significantly with age, offering senior citizens (60+) attractive rates of **7.2% to 7.8%** p.a. However, because the annuity payout is fully taxable under your regular income tax brackets, high-bracket earners should evaluate if tax-saver debt instruments make better sense.

हिं

एलआईसी पेंशन कैलकुलेटर — LIC Pension in Hindi

एलआईसी पेंशन और सेवानिवृत्ति कैलकुलेटर (LIC Pension Calculator) 2026. अपने एकमुश्त सेवानिवृत्ति कोष पर मिलने वाली मासिक या वार्षिक पेंशन की गणना करें।\n\nउदाहरण के लिए, यदि 60 वर्ष की उम्र में आप ₹10 लाख का एकमुश्त निवेश करते हैं, तो आपको लगभग 7.50% वार्षिक की दर से पेंशन मिलेगी। इससे आपको प्रति माह ₹6,000 की मासिक पेंशन मिलेगी। यह पेंशन पॉलिसीधारक के जीवित रहने तक मिलती है और उनके निधन के बाद मूल ₹10 लाख की राशि उनके जीवनसाथी या नॉमिनी को वापस कर दी जाती है। ध्यान रहे कि पेंशन पूरी तरह से टैक्स योग्य होती है।

Frequently Asked Questions

An Immediate Annuity (e.g. LIC Jeevan Akshay VII) starts paying pension immediately from the next month after you deposit the lump sum purchase price. A Deferred Annuity (e.g. LIC New Jeevan Shanti) starts paying pension after a chosen deferment period (ranging from 1 to 12 years). Deferred annuity offers higher payout rates because the money compounds during the deferment period.
There are 10 annuity options, but the most popular is "Annuity payable for life with return of purchase price." In this option, the policyholder receives a fixed pension for life. Upon their death, the entire lump sum purchase price is returned to the nominee. Another popular option is Joint Life pension, which continues payouts to the spouse after the primary holder passes away.
The minimum purchase price (lump sum investment) is ₹1,00,000. However, the plan is also subject to minimum pension payouts: ₹1,000/month, ₹3,000/quarter, ₹6,000/half-year, or ₹12,000/year.
Annuity/Pension payouts are not tax-free. They are treated as regular income and taxed under your income tax slab rate. Unlike traditional maturity proceeds (which get Section 10(10D) tax-exempt status), pension payouts are added to your taxable income under the head "Salaries".
The minimum entry age for immediate annuity is 30 completed years. The maximum entry age is 85 years (or up to 100 years for specific options like joint life cover).
LIC pension yields increase with the age of the proposer at the time of purchase. A 30-year-old investing ₹10 Lakhs will get an annuity rate of around 5.8% p.a., whereas a 65-year-old choosing the same option will secure around 7.5% p.a. due to shorter statistical life expectations.
Surrender or loans are only permitted for specific options that include the "return of purchase price" benefit. You can apply for a loan after completing 3 months from policy commencement.
Yes. Once you purchase the annuity plan, your pension rate is locked permanently for life. Even if market interest rates or FD rates crash in future years, LIC is contractually bound to pay the exact locked pension amount.