The Life Insurance Corporation of India (LIC) has launched a new fixed deposit–style savings plan that allows investors to earn a steady monthly income of ₹6,500. This scheme has been designed for people who prefer safe investments with guaranteed returns. With this plan, LIC aims to help middle-class families, senior citizens, and salaried professionals grow their savings without any market risk.
LIC New FD Scheme Overview
LIC’s new deposit scheme works much like a traditional fixed deposit, but with the added trust and reliability of India’s largest insurance company. Investors can make a one-time deposit, and in return, receive a fixed monthly payout as interest. The goal is to provide financial stability, especially to those who rely on regular income after retirement.
How the Monthly Return Works
According to available details, an investor who deposits a specific amount can earn approximately ₹6,500 every month. The total monthly income depends on the investment amount and chosen plan period. LIC has structured the returns in such a way that both capital safety and steady income are ensured.
For example, a person who invests around ₹10 lakh can receive a fixed income close to ₹6,500 every month, depending on the plan terms and duration.
Key Features of LIC’s FD Scheme
Guaranteed monthly income: Investors receive assured monthly payouts directly in their bank account.
Zero risk of loss: LIC guarantees the principal amount, making it one of the safest savings options.
Flexible investment options: Individuals can choose the amount and duration that best suits their needs.
Senior citizen benefits: Extra interest rates and faster processing for senior investors. Eaenrollmentsy : Customers can apply both online through LIC’s official website or offline by visiting the nearest LIC branch.
Eligibility and Application Process
Any Indian citizen above 18 years of age can apply for this scheme. To open an account, one needs a valid ID proof, PAN card, Aadhaar card, and a bank account linked with LIC. Investors can apply online via the official LIC portal or offline by filling out the form at their nearest branch. The process is simple and requires minimal documentation.
Why LIC’s FD Scheme is Becoming Popular
The main reason for this scheme’s popularity is its reliability. In a time when stock markets and mutual funds fluctuate daily, people prefer stable income sources. LIC’s name and its government backing add a layer of trust. Many investors are shifting their savings to this scheme because it provides both safety and regular returns.
Expected Returns and Tax Benefits
The plan not only offers a consistent payout but may also include tax benefits under existing income tax rules. While the interest earned is taxable, LIC’s deposit plans often come with added advantages like loan facilities and maturity benefits, depending on the chosen variant
Disclaimer: The information provided in this article is based on publicly available reports and financial updates from reliable sources. Actual terms, returns, and eligibility criteria may vary as per LIC’s official announcements. Readers are advised to verify complete details through LIC’s official website or authorized branches before making any investment decision.