LIC Jeevan Shanti Calculator

LIC Jeevan Shanti plan is a newly launched deferred annuity plan in which policyholders make the deposit (in form of a single/regular premium). The whole sum is then invested under the concerned mandate of the particular plan. At the end of the deferred time period, the accumulated principal sum is then used to purchase an immediate annuity scheme. The policyholder has the option to choose between its two variants i.e., Single life and Joint life Deferred annuity.

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Jeevan Shanti plan gives the option for two types of annuity option i.e.  Immediate annuity and Deferred annuity. The returns under both types of plans are different.  Returns can be availed of in an immediate plan whereas, for deferred annuity plans, one can manually fix the time of return. Additionally, a person can opt to either withdraw pension immediately or he can even delay it with returns.

Why should one use Jeevan Shanti Plan Calculator?

In today’s scenario when keeping data of absolute numbers, policy terms and different pension plans can wreak havoc on people. Even though these plans contain future terms such as pension plans and annuity schemes, people often find it hard to organize and determine the exact payment figures.

In LIC a person can choose for two annuity plans (immediate/deferred). Proving to be a resourceful and convenient tool, the Jeevan Shanti plan calculator, computes the premium plans for these schemes. 

It’s an online all-inclusive tool that is serving as a handy tool, which can calculate differences in sums and provide a clear interface from the given data.

The Process to use Jeevan Shanti Plan Calculator

Visit any normal website which provides a typical calculator for LIC Jeevan Shanti deferral annuity plan. After that one needs to follow the given below steps:

  1. Filing the requisite information and personal details.

    In order to have a detailed prospect of plans and premium payments for easy old age life and a secured financial environment one need to carefully fill in 

    • Type of pension plan one is opting for 
    • Age of policyholder at the time of application of the plan
    • Number of years after which one needsa pension to start
  2. Enter the purchase amount.

    The purchase amount must be filled with the utmost consideration and a future plan for secured actions. In order to have a surrender value calculation, a clear-cut idea of the scheme subscribed is a non-exclusive requirement.

  3. Check the outcome figures and finalize the policy purchase

    After filling in the entire required information one will be presented with a proper comprehensive table with information like Guaranteed additions, Death Claim, Surrender value. To determine if the plan falls in the budget of the holder is a matter of future planning and careful conclusions. In case the holder is not satisfied with the scheme he/she can consider buying another plan which suits their financial league.

Advantages of Jeevan Shanti Plan Calculator

Jeevan Shanti plan calculator is an all-inclusive, user-friendly and very resourceful means to secure the family interest of the policyholder with pin-point calculation of the required information of the particular plan (immediate/deferral). There are many definite advantages of the Jeevan Shanti Calculator:

  1. Saves Time and Energy

    Manual pension planning is a hectic and time-consuming process and it is also not accurate. There is a limit to how much one can determine the value with optimal accuracy. Here the plan calculator factors in all of the details like death benefit, surrender value and does the complex and lengthy calculation in a jiffy. Hence it is a time-friendly tool.

  2. Gives the Estimated  Surrender Amounts

    It is only a matter of some moments after the details are entered, the whole comprehensive information is presented before the policyholder from which one can judge if the policy is eligible for him/her. Other than surrender value, Jeevan Shanti Plan Calculator also presents information like death claim and complimentary guaranteed additions.

  3. Cost-effective

    Jeevan Shanti plan calculator is free of cost service provided by insurance companies and it is accessible to all. Without any blockades and system bugs, it enables a policyholder to judge the future pension plan in accordance with the holder’s investment capacity. This all facility if approached manually will cost the holder not only some hefty amount of time but also some bucks from his/her pocket.

    Whereas in this Plan Calculator in just one click all the data of the opted policy is displayed with precision.  Hence it is cost-effective.

Information required while using Jeevan Shanti Calculator

  • Pension Type (immediate annuity/deferral annuity)
  • Policy holder’s age during application
  • Number of years holder need pension to start 
  • Purchase amount

Benefits of buying Jeevan Shanti Plans

  1. Multiple Alternatives

    The LIC Jeevan Shanti plan provides a personwith two types of annuity namely immediate annuity and Deferral annuity. The policyholder can select from the various options available under the policy.

  2. Assured Returns

    When a person selects the Deferred Annuity Plan, he is guaranteed assured returns. These returns are accumulated with the benefits of the LIC Jeevan Shanti Plan. The profit can be availed right after the deferment time period.

  3. Tax Benefits

    The plan offers benefits under Section 80CCC of the Indian Income Tax Act.

  4. Loan Facility

    Anyone who wishes to avail loan on the LIC Jeevan Shanti plan one can take it after the completion of a year. The deferred annuity plan is accessible for both the available alternatives.

  5. Surrender Value

    The policyholder can surrender thepolicy within a time period of three months from the time of purchase. 

  6. Guaranteed Income

    As the name category of this policy suggests, the policyholder will be a rightful recipient of monthly income for the lifetime. There are options available where the person will receive income even after the early or unexpected death of the insured person.

  7. Flexible Annuity Payments

    Annuity payments are flexible in nature, regardless of the plan one takes. They can be made at various intervals as per the convenience of the annuity holder. The annuity payments can be made on a monthly, half-yearly, quarterly, or a yearly basis.

    * Standard Terms and Conditions apply

    ** Tax benefits are subject to change bylaws.

Jeevan Shanti Pension Plan Rates

Jeevan Shanti plan rates are pretty much affordable to a common person. They are redesigned in distinct patterns to fit each and every requirement of the customer. The rates of pension plans are based on the type of insurance and opted mode, etc. A typical presentation is given below which a person can refer to for a better understanding

Age last birthday

Deferment Period

5

8

10

12

30

66360

77886

85230

94716

35

66972

79008

86760

96654

40

67788

80436

88698

98898

45

68706

82170

90840

101346

50

71562

84312

93186

103896

55

70032

86964

96246

106854

60

73602

90432

99510

107466

65

76560

94002

99612

101550

70

80232

93900

93186

          N.A.

                75

82578

N.A.

N.A.

N.A.

**Standard terms and conditions apply.

FAQ's

Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C apply.

**Tax benefit is subject to changes in tax laws. Standard T&C apply.

Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Average Rating
(Based on 4 Reviews)
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LIC Jeevan Shanti Calculator Reviews & Ratings

4.8 / 5 (Based on 73 Reviews)
(Showing Newest 25 reviews)
Meer
Chalakudy, April 16, 2021
Easy claim settled
I bought the Lic India term plan from the suggestion of my family friend and he recommended me a lot of plans. He said that the claim settlement ratio is quick and easy. Also, it is protective plan.
Ram
Balasore, April 16, 2021
Child security fulfilled
I have bought a Lic India child plan online and it has been a year now. I like the way the this works. It is a nice plan I got for my child’s security.
Jyotsana
Asifabad, April 14, 2021
Additional riders
Along with my Lic India term insurance plan I have got the additional riders too. It has been an important thing for me and can be useful at any point in time. It can be added with a minimal amount.
Anubha
Mainpuri, April 14, 2021
Low premium
The premium rate of the child insurance plan of LIC India which I bought 3 years ago is best and it was under my budget. I was searching for some good plans related to child insurance. I got the way of buying this plan and loved it.
Nimesh
Lakhimpur Kheri, April 13, 2021
Tax rebate
I bought a Lic India term insurance policy online and it has been into my budget. Also, I like one thing that I would able to get the tax benefits under it. It is a good option and can be beneficial for all tax payers.
Amisha
Babina, April 13, 2021
Maturity benefits to get
It is easy to get the maturity benefits when LIC India child plan gets matured and my child would get a better return. It would be easy for him to get the best education and can go for a higher education abroad.
Jay
Lakhimpur, April 12, 2021
Safety
I feel safe and secured for my family when I will be not around. The Lic India ULIP plan will give the better returns and maturity benefits. And will be quite helpful for my family to sustain their future.
Amit
Raghunathpur, April 09, 2021
Happy customers
I am one of the happiest customer of Lic India term plan and I have found various good deals. It is the plan which has come under my budget. And it has been a protective shield for me and my family.
Ashok
Mota Chiloda, April 09, 2021
Great plan
I am happy with this plan and have recommended many people for the same. I bought the Lic India ulip plan 2 years back and It is a best kind of investment.
Azam
, April 09, 2021
Good Benefits
It is important for everyone to understand that benefit is must when you are buying a child insurance plan. I bought a beneficial child plan of LIC India.
Seema
Agra, April 07, 2021
Good plan
I like my Lic India term plan from the online market and I found the solace in this plan. It is a good thing to support yourself by getting the best term plan so secure the life.
Varun
Krishna, April 07, 2021
Dual benefit plan
I have recently bought a lic India ulip plan which is a dual benefit plan which provides with insurance and also investment. I like it and bought it. I have got various features under the same.
Sahil
Adoni, April 07, 2021
Offer protection
I had recently bought a Lic India child insurance plan online and it has been a best plan for my child’s safety and security. I really like the plan and it has given me the tremendous offer so that it can be utilize for my child. Nice plan.
Girish
Namakkal, April 06, 2021
Secure future
The Lic India pension was bought by me 2 years back so that I can secure my future and my family’s future. I really love it and found the plan much impressive. I have search for various good plans at reasonable premium.
Brijesh
Mishrikh, April 06, 2021
A great investment
I feel that the Lic India investment plan is a great investment and had been a great thing for me. I got the benefits and will receive a certain amount after maturity. In short I saved a lot of money and also get the best investment plan.
Amrit
Bairabi, April 05, 2021
A great alternative
I have found a best alternative for me along with my job. I have got the lic India pension plan policy. It is a good plan which I have bought for securing my future and it has been a wonderful plan for everyone.
Jassi
Udaipur, April 05, 2021
Maturity benefits
My Lic India investment plan has given me the maturity benefits. It includes the lump sum payment of sum assured amount. That’s a perfect way to invest.
Shobha
Aruppukkottai, April 01, 2021
Lot of features
In my Lic India pension plan I got to know about various features which has enhanced my future. I am future secured along with my job.
Puneet
Ambur, April 01, 2021
Effective plan
I had bought a Lic investment plan online and it has been a best plan. I had been taking several actions so that to save money for me and my family in future. I like the plan and have recommended many people in my known.
Ashraf
Babina, March 23, 2021
Additional riders and benefits
It is a good idea for everyone to buy a LIC term plan as I have got the additional riders too under the same. The plan is very nice and much helpful.
Monika
Aushgram, March 23, 2021
Great plans
I have founded my type of investment plan and its name is LIC Ulips plans. I really like this plan and have been secured for a longer period of time. It is a product which works on market trend and is one of the best type of investment.
Bhuwan
Anklav, March 22, 2021
Save under tax
I have saved a lot money under the name of tax. I really like this lic India child insurance and have got a good backbone for my child. It has become an easy tax. A kind of investment as well as security for my child’s future.
Naman
Anantnag, March 22, 2021
Tax benefits
With this LIC term insurance plan I received a tax rebate and tax benefits. I found it much better as compared to other plans and it’s a kind of coverage and investment for me. I am totally happy with this plan and found it worthy.
Ritwik
Lakhawati, March 22, 2021
Premium easy to pay
One of the best feature I like about LIC ULIP plan is that you can make the premium payment online. I bought this plan for the growth of me and my family. It will give a best result and outcome. I am happy that I bought this plan. Even the premium rates are reasonable.
Aman
B.khajuripada, March 17, 2021
Secure your child
I have recently secured my child’s future by buying a child insurance policy. It was the plan of lic India and its plans are really good. It was under my budget and I really like the plan as I want my child to fulfil all his dreams.
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