A new buzz has started around LIC offering an FD-like plan that can generate a surprisingly high monthly income. Many people, especially retirees and conservative investors, are curious whether ₹1.5 lakh can really give ₹9,750 every month. Here’s a clear, mobile-friendly breakdown of what this means, how such plans work, and what you should verify before investing.
What This High-Income Plan Claims to Offer
The circulating claim is that LIC has launched a special fixed-deposit-style scheme where an investment of ₹1.5 lakh can generate a monthly income of around ₹9,750. This would mean a return of over 75% per year far higher than any traditional LIC or bank FD.
While LIC does offer several guaranteed return plans, their typical annual returns range between 5% and 7%, not anything near extraordinary payouts. So it’s important to understand the features clearly before assuming the benefits.
When Such Monthly-Income Benefits Actually Apply
LIC provides monthly income options only under specific pension, annuity, or guaranteed income plans. These plans offer payouts every month, quarter, half-year, or year, but:
- Monthly income depends on age
- Premium amount influences payout
- Most plans require one-time premium or regular premium
- Payouts are realistic, not extremely high like the viral example
For example, in most annuity plans, a ₹1.5 lakh single premium usually generates ₹750–₹1,200 per month, not ₹9,750.
How LIC Monthly Income Plans Actually Work?
LIC’s FD-style products generally fall into these categories:
1. LIC Jeevan Akshay (Immediate Annuity)
You pay a lump sum once and begin receiving monthly income immediately.
2. LIC Saral Pension (Deferred Annuity)
You invest now, and monthly income starts after a chosen period.
3. LIC Guaranteed Income Plans
These provide fixed monthly/annual income for a few years after the premium-payment term.
Key Rule:
Monthly income is always proportional to the premium amount and realistic returns remain close to 5–7% per year, not double-digit monthly returns.
Common Misunderstandings and How to Avoid Them
People often confuse LIC’s guaranteed income plans with bank FDs or high-return schemes. Here are the typical mistakes:
- Assuming viral messages are official plans
- Believing high monthly income is guaranteed from small investments
- Thinking LIC returns work like market-linked funds
- Not checking official LIC brochures before subscribing
Always ask for a benefit illustration from an LIC agent or LIC branch.
Best Options If You Want Monthly Income from LIC
If your goal is safe, predictable monthly income, here are the most reliable LIC plans:
1. LIC Jeevan Akshay
- One-time investment
- Life-long monthly income
2. LIC Saral Pension
- Guaranteed annuity
- Suitable for retirees
3. LIC Dhan Vriddhi or Dhan Sanchay
- Provide income but usually after a lock-in period
Monthly Income Examples (Approx.)
| Investment (Single Premium) | Realistic Monthly Payout Range |
|---|---|
| ₹1.5 lakh | ₹750 – ₹1,200 |
| ₹10 lakh | ₹6,500 – ₹8,000 |
| ₹20 lakh | ₹13,000 – ₹16,000 |
Anything claiming extremely high monthly income from very small premium amounts should always be verified.
Conclusion
The claim that LIC offers ₹9,750 per month from a ₹1.5 lakh FD-style deposit is not aligned with how LIC’s actual income, pension, or annuity plans work. LIC does offer safe monthly-income products, but the payouts are modest and based on realistic return rates. Before investing, always check the official LIC brochure, ask for a benefit illustration, and compare your expected income with your investment amount.
FAQ
1. Can ₹1.5 lakh really give ₹9,750 monthly under any LIC plan?
No. LIC plans do not offer such high monthly income from small premiums. Realistic payouts are much lower.
2. Does LIC offer FD-like schemes?
LIC offers annuity and guaranteed income plans that behave somewhat like FDs but with lower, stable returns.
3. Which LIC plan gives the best monthly income?
LIC Jeevan Akshay and LIC Saral Pension are the most reliable for lifetime monthly income.