LIC Senior FD Plan – LIC’s new Senior Citizen Fixed Deposit Plan is making waves with its attractive monthly returns and a time-sensitive investment window. With the opportunity to earn ₹6,000 every month for the next 15 years, this plan offers senior citizens a secure, long-term income stream backed by India’s most trusted insurance institution. But there’s a catch — investors must act before July 5, 2025, to avail the special interest rate. Let’s break down the benefits, eligibility, and details of this high-return LIC scheme.
What is LIC’s Senior FD Plan?
LIC’s Senior Fixed Deposit Plan is a tailor-made investment scheme for individuals aged 60 years and above, offering guaranteed monthly returns for 15 years on a one-time investment. This plan is structured like an annuity — you invest a lump sum amount and receive regular monthly income, making it ideal for retirees or those seeking predictable post-retirement cash flow.
Key Highlights:
- One-time investment of ₹1 Lakh
- ₹6,000 monthly payout for 15 years
- Total benefit of ₹10.8 Lakhs over the tenure
- Backed by LIC — a government-owned institution
- Special offer valid only till July 5, 2025
Benefits of the LIC Senior FD Plan
This scheme offers more than just fixed income. Here are the key advantages:
- Guaranteed Returns: The monthly income of ₹6,000 is fixed and unaffected by market fluctuations.
- High ROI: Total return of ₹10.8 Lakhs on an initial investment of ₹1 Lakh.
- Zero Risk: As LIC is a government-backed body, your investment is safe and secure.
- Tax Benefits: Partial tax exemptions may apply under Section 80C, subject to prevailing laws.
- Hassle-Free Payouts: Monthly income is credited directly to your bank account.
LIC Senior FD vs Regular Bank FD
Here’s how the LIC Senior FD Plan stacks up against traditional bank fixed deposits for senior citizens:
| Feature | LIC Senior FD Plan | Regular Senior Citizen FD |
|---|---|---|
| Minimum Investment | ₹1,00,000 | ₹10,000 |
| Monthly Payout | ₹6,000 | ₹450–₹600 per ₹1 lakh |
| Total Tenure | 15 Years | 1–10 Years |
| Total Returns | ₹10.8 Lakhs | ₹1.8 – ₹2.2 Lakhs |
| Interest Rate | Implied 17–18% (effective) | 7% – 8.5% |
| Tax Benefits | Available (partial) | Limited |
| Backed By | LIC (Govt-Owned) | Private/Public Banks |
| Special Offer Deadline | July 5, 2025 | Not Applicable |
Who Should Invest in This Plan?
This scheme is designed especially for senior citizens seeking:
- Fixed monthly income post-retirement
- Safe investment with zero market risk
- Better returns than regular FDs
- Long-term income security
- Government-backed assurance
Eligibility Criteria & Required Documents
Before investing, ensure you meet the following conditions:
Eligibility:
- Must be a resident Indian citizen
- Minimum age: 60 years
- Maximum age: 80 years
- Investment window open till July 5, 2025
Documents Required:
- Aadhaar Card
- PAN Card
- Passport-sized photographs
- Address proof
- Bank account details for monthly payout
- Filled application form
Payment Structure & Return Overview
Here’s a look at how your returns are structured under this plan:
| Particulars | Amount |
|---|---|
| Initial Investment | ₹1,00,000 |
| Monthly Return | ₹6,000 |
| Annual Return | ₹72,000 |
| Duration | 15 Years (180 months) |
| Total Return | ₹10,80,000 |
| Maturity Date | July 2040 (if invested in July 2025) |
How to Apply for LIC’s Senior FD Plan?
Investing in this plan is quick and hassle-free. Here’s how you can apply:
- Visit the nearest LIC branch or authorized agent.
- Submit the required documents and fill out the application form.
- Choose your mode of payment (cheque, NEFT, or direct deposit).
- Select your payout option and receive confirmation.
- Start receiving ₹6,000 per month from the following month.
Alternatively, LIC may soon introduce online applications for this plan under their digital services.
Is This the Right Time to Invest?
Yes, absolutely. With interest rates likely to change after July 5, 2025, this is a golden opportunity to lock in high returns for the next 15 years. As most banks are offering returns below 8.5%, this LIC scheme outperforms them by a large margin.
Don’t miss this chance to build a steady monthly income for your golden years — and with government backing, there’s no risk of default.
Important Deadlines and Contact Info
- Application Deadline: July 5, 2025
- Payout Start Date: August 2025 onwards
- LIC Customer Care: 022-68276827
- Website: www.licindia.in (for future online applications)
LIC’s Senior FD Plan is one of the most attractive fixed-income investment opportunities available right now for senior citizens. Offering unmatched returns of ₹6,000 per month on a ₹1 Lakh investment, this limited-time plan closes on July 5, 2025. For those seeking security, stability, and superior long-term returns, this LIC offer is worth serious consideration.
FAQs
1. Can someone under 60 invest in the LIC Senior FD Plan?
No, this scheme is exclusively for senior citizens aged 60 and above.
2. Is the ₹6,000 income taxable?
Yes, monthly returns may be subject to income tax as per the investor’s tax slab.
3. What happens after the 15-year period ends?
The monthly payouts stop, and no maturity bonus is provided. The plan is purely for income over the 15-year duration.
4. Can I withdraw the money before 15 years?
Premature withdrawal is generally not allowed, but LIC may allow it in certain extreme conditions, such as critical illness.
5. Is this scheme available for NRIs?
No, currently this scheme is open only to resident Indian citizens aged 60 and above.