LIC Jeevan Shanti Calculator

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

**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.