LIC Jeevan Shanti Calculator

LIC New Jeevan Shanti Pension Calculator- An Overview

LIC New Jeevan Shanti 758 (UIN:512N338V08) is a standard deferred annuity plan with return of purchase price where there are two types of annuity options- Single life and joint life. To calculate the premiums of this plan, you can use LIC New Jeevan Plan Shanti Calculator. LIC Jeevan Shanti Calculator helps you calculate monthly, quarterly, half-yearly, and yearly premium amounts based on the age of policyholder, deposit amount, and the deferment year.

In simple words , the new LIC Jeevan Shanti plan calculator helps you get an estimate of the benefit you will receive from the policy so that you can decide whether it fits your retirement plans and your budget. It’s there to make the decision-making process a bit easier by showing you the numbers in advance.

How Does the LIC Jeevan Shanti Calculator 2026 Work?

The LIC Jeevan Shanti plan calculator 2026 gives you a quick estimate of the annuity benefits you might receive from this single-premium pension option. To do the calculation, you will need to fill in a few basic information:

• Purchase Price: The purchase price is the extra money you pay to buy the policy. It is at least Rs 1,50,000, or Rs 50,000 for Divyangjan.

• Annuity Type: You must choose the type of annuity you want. You can choose between Single Life and Joint Life.

• Primary Annuitant Age: The entry age range is 30 to 79 years.

• Secondary Annuitant Age: Needed only for Joint Life, also between 30 and 79 years.

• Deferment Period: You can choose a deferment period of 1 to 12 years, but the vesting age must be under 80.

• Preferred Payout Frequency: This decides how often you want the annuity, yearly, half-yearly, quarterly or monthly, after the deferment period.

• Purchase Method: If the plan is bought online, there’s a 2%–2.5% incentive.

How to Use the LIC Jeevan Shanti Calculator 2026?

Using the LIC New Jeevan Shanti Calculator is a simple process. Below are the steps to use the LIC New Jeevan Shanti Calculator:.

Step 1: Go to the official LIC website. 

Step 2: Scroll to look for ‘How much do you need’ and then click on ‘Calculate Premium’ option. 

Step 3: Then, enter a few basic details such as your name, date of birth, gender, phone number, etc. Click ‘Next’ and then choose “Quick Quote.”

Step 4: After that, you’ll see a list of plans. Click on “LIC’s New Jeevan Shanti (Plan-758) (Pension)” and then click on Coverage.

Step 5: Then provide your desired Annuity type and Deferment period. Fill out the details, click on Quote, and the LIC Jeevan Shanti pension plan calculator will show your estimated annuity amounts.

Benefits of Using LIC New Jeevan Shanti Calculator

There are many benefits of using the LIC New Jeevan Shanti Calculator:

• Personalized Results: The calculator generates results based on the inputs you have provided. These numbers are not general numbers just to explain the calculation. These are real figures offered by the plan.

• Making Informed Decision: By using the LIC Jeevan Shanti Plan Calculator, oyu will be able to make better decisions while policy purchase or when you are planning for your retirement.

• Time-Efficient: You can look at different options whenever you want because it's online. No long forms at a branch, no manual math, just quick, easy comparisons that you can try as many times as you like.

• Transparency and Clarity: Most importantly, the LIC new Jeevan Shanti plan calculator clears up the picture for you. You get a better idea of what the plan may actually give you and how it sits within your current budget, making your final decision a lot simpler.

Sample Premium Rates of LIC New Jeevan Shanti Plan

Let us understand the premium payable by an individual under LIC New Jeevan Shanti Plan 758 (UIN:512N338V08). Suppose a person who is 35 years old purchases the policy for Rs. 5 Lakhs, at a deferment period of 5 years then the pension amount for each annuity option will be as follows:

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