LIC Jeevan Shanti Calculator

What is the LIC Jeevan Shanti Calculator? 

LIC Jeevan Shanti Plan Calculator is an online tool that helps to estimate the premium rate of the plan for the chosen sum assured amount. Using the LIC Jeevan Shanti calculator is simple and free-of-cost. It provides an easy-to-use experience to compute the LIC Jeevan Shanti plan annuity amounts and accrued additional benefit on death. 

Why Use The LIC Jeevan Shanti Calculator 2025?

Using LIC Jeevan Shanti Calculator is a useful tool as it eases out several policy-related tasks such as:

• Annuity Mode Flexibility: The Jeevan Shanti LIC calculator lets you switch annuity options with just a click and allows you to check the annuity amounts for each option on a yearly/ half-yearly/ quarterly/ monthly modes. 

• Policy Customization: The calculator allows you to input specific details like age, premium payment mode, and policy term. It helps you customize the policy to meet your financial goals and requirements.

• Benefit Illustration: The LIC Jeevan Shanti plan calculator provides a benefit illustration, which shows the expected returns, annuity payouts, and maturity benefits. This helps you understand how the policy works and what you can expect in the future.

• Comparison: You can use the calculator to compare different policy options and see how they fit into your financial plan. This can help you make an informed decision about which policy best suits your needs.

• Transparency: Using the Jeevan Shanti calculator gives you a clear and transparent view of the policy's financial implications, which can help you make an educated decision about purchasing the Jeevan Shanti policy.

• Cost-effective: LIC Jeevan Shanti plan calculator is a free of cost service provided by insurance companies online, and accessible to all. It enables policyholders to judge which pension plan they want to opt for.

• Efficient and accurate: Using an LIC Calculator not only reduces the time required and effort but also increases accuracy. Here, the plan calculator factors in all the details, like death benefit and surrender value, to do the complex and lengthy calculation in minutes.

How To Use The LIC Jeevan Shanti Plan Calculator?

As mentioned earlier, the LIC Jeevan Shanti Plan has been withdrawn. However, to calculate the value of the LIC New Jeevan Shanti Plan, you can use the LIC New Jeevan Shanti Calculator.

• Access the Calculator: To use the LIC New Jeevan Shanti Plan Calculator, visit the official website of the LIC.

• Provide Personal Information: Enter your personal details such as age, gender, premium payment mode, and the sum assured amount. These details are crucial for customizing the plan to your specific needs.

• Choose the Policy Options: Select the policy option that suits your requirements, such as the immediate annuity option or the deferred annuity option.

• Select Payout Mode: Specify the frequency of annuity payouts, whether monthly, quarterly, half-yearly, or annually.

• Review: After providing all the necessary information, the calculator will generate results. You can review the benefit illustration, which will show the expected annuity payouts and other financial details.

• Compare Options: If needed, you can use the calculator to compare different policy options to see which aligns best with your financial goals.

Steps to Calculate the Benefits Using LIC New Jeevan Shanti Calculator 2025

Here are the steps to follow for calculating the death benefit, annuity payouts, and accrued additional benefit on death.

Step 1: Go to the official LIC website.

Step 2: Scroll down and navigate to the section “How Much You Need”. Then click on “Calculate Premium”.

Step 3: Provide details such as name, DOB, gender and contact information. Click on “Next”. Then click on “Quick Quote”

Step 4: Select the Jeevan Shanti LIC plan. Then click on “Coverage”

Step 5: Provide policy details such as Purchase Price, Annuity type (Single Life Annuity or Joint Life Annuity) and a Deferment Period. Once these details are filled, click on “Quote”.

Based on these details, the LIC Jeevan Shanti calculator will calculate the Annuity amount payable to you on yearly/ half-yearly/ quarterly/ monthly modes. You can weigh your options between Single Life Annuity or Joint Life Annuity options and among the deferment periods of 1-5 years. If you opt for Joint life annuity, you will have to provide the details of the second person.

Sample Illustration of LIC Jeevan Shanti Plan

Jeevan Shanti Plan is one of LIC’s most preferred plan as it offers a short deferment period of just 1-5 years. You can also choose to cover a disabled dependent and the death benefit, if payable, will be used to buy an immediate annuity for them. A typical presentation is given below, which you can refer to for a better understanding.

If a person who is 35 years old purchases the policy for Rs. 5 Lacs, at a deferment period of 5 years, then the pension amount for each annuity option will be as follows:

Read about the LIC Jeevan Shanti Calculator in Hindi.

Wrapping Up

The new Jeevan Shanti plan calculator is a tool that helps you plan your retirement. This simple tool allows you to estimate your pension (annuity) and choose the best option based on your financial goals. Whether you're using the new LIC Jeevan Shanti calculator or checking the surrender value, it helps you make an informed decision. The calculator takes the guesswork out of the Jeevan Shanti plan, ensuring peace of mind and financial stability for your future.

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