The invention discloses a beneficiating method for ilmenite, relating to a method for preparing titanium concentrate and iron concentrate by beneficiating crude ilmenite. The method is characterized in that: a beneficiating process of the method orderly comprises the following steps of: (1) grinding the crude ilmenite; (2) performing alkaline leaching pretreatment under the conditions of heating,oxygenating and pressurizing; (3) filtering pulp which is subjected to the alkaline leaching pretreatment; (4) washing filter residue and grinding; and (5) performing magnetic separation to obtain the titanium concentrate and the iron concentrate. In the method provided by the invention, the characteristic of iron and titanium compact symbiosis and the isomorphism occurrence characteristic of vanadium are damaged from the source of vanadium titano-magnetite by adopting the pretreatment process, so that mineral transformation of the vanadium titano-magnetite is realized, dissociation on lattice layers of titanium and iron is realized, high-quality iron concentrate and titanium concentrate with lower iron content are obtained through grinding and the magnetic separation process, an alkalinemedium used in the pretreatment can be recycled, and the process has a small influence on environment and a bright application prospect.