Top Life Insurance Policies Offering Monthly Income
Life insurance is often seen as a safety net for beneficiaries after the policyholder’s demise. However, modern life insurance products have evolved beyond lump-sum payouts. Today, many policies offer monthly income benefits, providing policyholders and their families with a steady stream of money—ideal for retirees, homemakers, or families seeking financial stability.
Below is a list of the top life insurance policies in India that offer reliable monthly income options in 2025.
1. LIC Jeevan Umang
Key Features:
- Whole life policy offering survival benefits from the end of the premium-paying term.
- Guaranteed yearly income (8% of the sum assured).
- Lump-sum death benefit and maturity benefit included.
Why Choose:
Perfect for families looking for life-long income with the backing of LIC’s brand trust.
2. HDFC Life Sanchay Plus – Long Term Income Option
Key Features:
- Provides guaranteed income for up to 30 years after the policy term.
- Return of premium on maturity.
- Covers both life protection and income needs.
Why Choose:
Excellent for individuals seeking long-term post-retirement income and tax-saving benefits.
3. ICICI Pru Guaranteed Income For Tomorrow (GIFT)
Key Features:
- Offers guaranteed monthly income post a policy term.
- Flexible payout options: lump-sum, monthly, or a combination.
- Includes life cover throughout the policy term.
What is Choose:
Food is option form salaried individuals in planning for retirement today with predictable Cash flower.
4. Tata AIA Fortune Guarantee Plus
Key Features:
- Monthly income for a chosen period (up to 45 years).
- Life cover throughout the policy term.
- Riders for critical illness and accidental death available.
Why Choose:
Ideal for people wanting guaranteed returns along with flexible income options.
Hu5. Max Life Smart Wealth Income Plan
Key Features:
- Offers both guaranteed and bonus-based income.
- Life insurance coverage and optional riders.
- Option to receive income monthly or annually.
Why Choose:
Combines protection, savings, and regular income in one single product.
6. Bajaj Allianz Life LongLife Goal
Key Features:
- ULIP-based plan offering regular withdrawals after the lock-in period.
- Market-linked returns and flexible income withdrawal options.
- Life cover during the entire term.
Why Choose:
Great for investors looking to build wealth and earn a monthly income post-maturity.
7. SBI Life Smart Money Back Gold
Key Features:
- Provides regular payouts during the policy term at fixed intervals.
- Lump-sum death benefit.
- Optional riders for extra protection.
Why Choose:
Suitable for those looking for a hybrid between monthly payouts and periodic bonuses.
Conclusion
Life insurance policies that offer monthly income are an excellent tool for ensuring financial consistency during uncertain times. They serve as both an investment and a protection tool, offering peace of mind along with regular earnings. Whether you’re planning for retirement, a child’s education, or future family expenses, these policies can help create a secure and dependable financial pa
