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Best Investment Plans for Monthly Income

A monthly income scheme is an investment option in which investors receive fixed monthly payments over a period of time. Its primary... Read more objective is to generate regular income. It is ideal for individuals who require regular income, such as retirees or conservative investors. The ideal way to choose the best investment plans for monthly income is to consider your risk tolerance level, investment period, and objectives. Select a scheme that provides stability in income generation in addition to growth possibilities. Read less

A monthly income scheme is an investment option in which investors receive fixed... Read more monthly payments over a period of time. Its primary objective is to generate regular income. It is ideal for individuals who require regular income, such as retirees or conservative investors. The ideal way to choose the best investment plans for monthly income is to consider your risk tolerance level, investment period, and objectives. Select a scheme that provides stability in income generation in addition to growth possibilities. Read less

Pay ₹15,000/month for 10 years,

Get ₹76 Lakh+ returns¹

₹16,411 monthly income for 30 yrs

Tax-free² returns + Life cover

Get 100% premiums back³

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Returns

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List of monthly income schemes

Here are some of the monthly income investment plans that investors can consider depending on their risk level, financial goal, and investment duration.

Name of Scheme	Investment Amount	Rate of Return	Tenure	Risk Level	Benefits
Post Office Monthly Income Scheme (POMIS)	₹1,000 – ₹9 Lakh (Single) / ₹1,000 – ₹15 Lakh (Joint)	7.4% p.a.	5 years	Low	No tax² benefits Offers fixed monthly income Backed by the Govt
Senior Citizen Savings Scheme (SCSS)	₹1,000 – ₹30 Lakh	8.2% p.a.	5 years (extendable by 3 years)	Low	Tax² benefit under Section 80C High interest rate for seniors Govt-backed, safe returns
Bank Fixed Deposits with Monthly Payout Option	Starting ₹1,000, no upper limit	4% p.a. onwards (bank-dependent)	1–10 years	Low	Tax² benefit only on 5-year tax saver FD Stable returns Monthly payout option
Systematic Withdrawal Plan (SWP - Mutual Funds)	₹500 onwards, no upper limit	Market-linked⁴	1–10 years (flexible)	Moderate	No tax² benefits Monthly cash flow from mutual funds Higher growth potential
Equity Share Dividends	Depends on stock price, no upper limit	Market-linked⁴	No fixed tenure	High	No tax² benefits Potentially high dividend income over time
Annuity Plans (Insurance-based)	₹10,000 onwards, no limit	~7% – 10% p.a. (varies)	Lifetime /long-term	Low to Medium	Tax² benefits under Sec 80C & 10(10D) Guaranteed lifelong income
Corporate Deposits (NBFCs/Corporates)	₹5,000 onwards, no upper limit	Higher than FD (company-dependent)	1–10 years	Varies (credit rating-based)	No tax² benefits Higher interest than banks; Monthly payout option

Features & benefits of the monthly income investment plan

The best investment plan for monthly income typically has the following key features:

The plan provides a fixed monthly income for a chosen period.

It may include a life cover that offers financial protection to your family in case of any unfortunate event during the policy term.

Premiums can be paid in different ways, such as monthly, yearly, or through a single one-time payment.

The plan offers flexibility in how benefits are received, either as a lump sum, a monthly income, or a combination of both.

Premium payments are eligible for tax² deductions under Section 80C of the Income Tax Act.

Investors can avail the following key benefits from a monthly income plan:

It ensures regular and stable money flow each month to support daily expenses.

It provides financial security to your family in case something happens to the policyholder.

It helps manage expenses during retirement or periods when income may be reduced.

It supports long-term financial planning by offering returns that help against rising costs.

It gives peace of mind through predictable earnings and financial stability.

Things to keep in mind before buying a monthly income plan

Consider the following points while investing in a monthly income scheme:

Estimate how much risk you are willing and comfortable taking.

Compare estimated returns and determine if it is sufficient to meet multiple month-long requirements.

Understand how the income will be taxed to calculate actual after-tax earnings.

Verify whether there is flexibility, like withdrawal/switching, allowed within the plan.

Make sure the plan has liquidity in case you require money.

Diversify instead of relying upon a single product for risk-return balancing.

Consider inflation so that your monthly income retains its purchasing power over time.

Popular Tata AIA Savings Plan

Tata AIA

Fortune Guarantee Plus

Guaranteed5 tax-free² regular income
Get 100% premiums back on maturity³
Health cover against 40 critical illnesses⁶

Calculate Returns

Non-Linked, Non-Participating, Individual Life Insurance Savings Plan (UIN: 110N158V14)

Tata AIA

Fortune Guarantee Supreme

Guaranteed⁷ 6% IRR⁸ that beats inflation
Customize return of premium till 200%⁹
Premium offset variant where you pay 50%, we pay 50%¹⁰

Calculate Returns

Individual, Non-Linked, Non-participating, Life Insurance Savings Plan (UIN: 110N163V12)

Why choose Tata AIA to buy a monthly income scheme?

Tata AIA is a leading life insurance company in India. It offers reliable protection and long-term savings plans. The company focuses on useful products, good customer service, and smooth claim support to help secure your financial future.

Here are some important reasons for preferring Tata AIA for purchasing a monthly income plan:

Trusted brand legacy

Backed by Tata Group’s trust and credibility and AIA’s global insurance expertise.

Regular monthly income

The products are designed to provide a regular and stable flow of funds for future requirements.

Guaranteed tax-free income

100% guaranteed⁵, tax-free² income to meet your financial goals

Protection + savings

Monthly income plans, which come with income protection and life insurance, are designed to protect your family.

Flexible options

Select payment options, income periods, and payout methods as per your plan requirements.

Tax benefits

No GST2 on premiums. Also, 80C benefit is applicable on premiums paid

High claim settlement

Emphasis on ensuring a smooth claims handling experience for policyholders.

Digital convenience

Hassle-free online purchase, premium payments, policy servicing, and support.

Strong customer support

Guidance throughout the policy journey, from buying to claims, ensuring clarity and convenience.

Conclusion

Monthly income investment plans assist individuals in pursuing their goals of stability, predictable cash flow, and long-term security. Understanding the risk involved, the anticipated return, the tax consequences, flexibility, and liquidity in a plan helps an investor make a proper selection based on their financial goals and life stage. Be it for meeting daily expenses, building long-term wealth, or securing one's family's future, a suitable monthly income scheme can play an important role in financial planning.

What is the best time to buy a monthly income scheme?

The best time is when interest rates are favourable. It is also suitable before retirement or an expected income reduction. Early investment supports tax planning and steady future cash flow.

How to get ₹5,000 per month return via monthly income investment plans?

Invest a suitable corpus in FDs, SWPs, annuities, or POMIS. Withdraw returns monthly to generate ₹5,000. The invested amount produces a steady income through interest or market growth.

Is MIS better than FD?

MIS offers fixed monthly payouts from a government scheme. FDs offer flexible tenure and monthly interest options. The better choice depends on return needs and liquidity preferences.

What is the safest investment for a monthly income?

POMIS, SCSS, and bank FDs are among the safest options. They protect capital and provide predictable monthly payouts. These options are suitable for low-risk or retired investors.

The complete name of Tata AIA Fortune Guarantee Plus is Tata AIA Life Insurance Fortune Guarantee Plus (UIN: 110N158V14) - Non-Linked, Non-Participating, Individual Life Insurance Savings Plan.
Tata AIA Fortune Guarantee Supreme - Individual, Non-Linked, Non-participating, Life Insurance Savings Plan (UIN110N163V12)
¹Premium for 30 year old male, Standard life, Plan Option 1 (Regular Income) of Tata AIA Fortune Guarantee Plus with Premium Payment Term: 10 years, Policy term: 15 years, Income term: 30 years. Income will start from 16th year. Monthly income: ₹16,411. Total Guaranteed Benefit: ₹59,07,960 (total income) + ₹16,98,750 (return of premium) = ₹76,06,830
²No Goods and Service Tax shall be applicable on Individual life insurance products as per prevailing laws. Income Tax benefits would be available as per the prevailing income tax laws, subject to fulfillment of conditions stipulated therein. The Tax-Free income is subject to conditions specified under section 10(10D) and other applicable provisions of the Income Tax Act,1961. Tata AIA Life Insurance Company Ltd. does not assume responsibility on tax implications mentioned anywhere on this site. Please consult your own tax consultant to know the tax benefits available to you.
³Return of Premium shall be the sum of Guaranteed Maturity Benefit plus Milestone Benefit and shall be payable at the end of the Income Period, irrespective of survival of the life insured(s) during the Income Period.
⁴Market-linked returns are subject to market risks and terms & conditions of the product. The assumed rate of returns or illustrated amount may not be guaranteed and depends on market fluctuations.
⁵Guaranteed Income shall be total of Guaranteed annual Income plus Income Booster payable in a year. Guaranteed Income as per the chosen Income Frequency shall commence after maturity till the end of the Income Period, irrespective of survival of the life insured(s) during the Income Period.
⁶Available under Regular Income with an Inbuilt Critical Illness Benefit option
⁷Guaranteed returns in this plan depends on Age at Entry of life assured, Premium payment term, policy term, premium amount and plan option chosen.
⁸This will be basis policy option, certain income term and age criteria, 6% IRR availability
⁹Subject to chosen plan option
¹⁰If Premium offset is opted, then the Survival Benefits during the Premium Payment Term will be adjusted against the premium due to be paid. If the policy becomes Reduced Paid-Up before the first survival benefit payout (first income payout of premium offset), the Premium Offset feature will be discontinued, and future income and death benefit shall be paid as per terms and condition
For more details on risk factors, terms and conditions please read Sales Brochure carefully before concluding a sale. Insurance cover is available under this product.
L&C/Advt/2026/Feb/0953