An immediate annuity plan is the closest LIC option to steady monthly income — it converts a lump sum you pay upfront into a regular payout, with monthly, quarterly, half-yearly or annual frequency chosen at purchase.
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Which LIC Plan Gives Monthly Income?
The Direct Answer, Explained
An immediate annuity plan is the closest LIC option to steady monthly income — it converts a lump sum you pay upfront into a regular payout, with monthly, quarterly, half-yearly or annual frequency chosen at purchase.
Money-back plans also return money periodically, but typically every few years rather than monthly, so they're better suited to milestone expenses than to replacing a monthly salary. For genuinely monthly income — for example, to supplement a pension after retirement — an immediate annuity plan purchased with a retirement corpus is the more direct fit.
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Related Questions
Is the monthly income from an LIC annuity plan guaranteed?
The payout amount for an immediate annuity plan is generally fixed at the time of purchase based on the option chosen and the annuity rate in effect then, so it doesn't fluctuate month to month the way market-linked income can. It's worth confirming the exact terms of the specific annuity option, since some offer a fixed payout for life while others adjust for inflation or return of purchase price to a nominee.
How much lump sum is needed to get a specific monthly income?
This depends on the annuity rate in effect when you purchase, your age, and which payout option you choose (for example, whether the purchase price is returned to a nominee later). S Kulkarni can work out current figures for a specific target monthly amount.
How do I get a free LIC policy consultation from S Kulkarni in Thane?
Simply call or message on WhatsApp to schedule a free LIC consultation. You'll get help comparing plans, calculating premiums, checking eligibility and completing paperwork, with home visits available across Thane West, Thane East and nearby localities.
What makes S Kulkarni a preferred LIC agent in Thane over others?
A client-first approach, sound product knowledge and dependable after-sales support set S Kulkarni apart as an LIC Agent in Thane. Whether you're choosing a new plan, reviving a lapsed one, or working through a claim, you get honest, timely help at every step.
