LIC Plans for Senior Citizens (60+)

At 60+, the focus shifts from savings to income security. Best options:

  • PMVVY (842): Government-backed, 7.4% guaranteed, max ₹15L. Best for conservative seniors.
  • Jeevan Shanti (850): Higher rates (8.3% at 60, 9.2% at 70). More options than PMVVY.
  • Saral Pension (858): Simpler product, joint life option for couple protection.

At 70, Jeevan Shanti offers 9.2% annuity — invest ₹10L, get ₹92,000/year pension for life!

💡 Calculate Your LIC Premium Free

Use our accurate LIC calculator with real tabular rates, 0% GST, and 2025-26 bonus slabs. Calculate Now →