LIC Jeevan Shanti – Best Pension Plan 2026
LIC Jeevan Shanti (Plan 850) is India's most popular immediate annuity plan. Pay once, get pension for life. With 0% GST and annuity rates ranging from 6.5% to 11.5% based on your age, it's the safest retirement option.
Annuity Rates by Age (2026)
| Age | Annuity Rate | Monthly Pension on ₹10L |
|---|---|---|
| 40 years | 7.0% | ₹5,833/month |
| 50 years | 7.6% | ₹6,333/month |
| 60 years | 8.3% | ₹6,917/month |
| 70 years | 9.2% | ₹7,667/month |
| 80 years | 10.5% | ₹8,750/month |
Annuity Options Available
- Life Annuity: Pension for lifetime
- Joint Life: Continues to spouse after death
- Return of Purchase Price: 100% refund to nominee on death
- Increasing Annuity: 3% annual increase option
Tax Benefits
Purchase price qualifies for deduction under Section 80CCC. Pension received is taxable as income — but senior citizen tax exemption helps.
Use Our Calculator
Want to know your exact monthly pension? Use our Jeevan Shanti calculator — enter your age and purchase amount, get instant pension amount.
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