LIC New Jeevan Shanti Calculator

LIC New Jeevan Shanti Premium & Maturity Calculator is an online tool that helps the policyholder to get an estimate of the premium amount and the benefits they can receive under the New Jeevan Shanti policy.

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LIC New Jeevan Shanti Calculator- An Overview

The LIC New Jeevan Shanti Calculator is an online tool offered by LIC of India. It helps individuals to estimate the premiums and benefits of the LIC New Jeevan Shanti plan. By entering details like age, premium amount, annuity choice, and frequency, the calculator generates personalized projections of annuity payouts. This user-friendly tool helps in making informed decisions, enabling users to customize the plan as per their needs.

Benefits of Using LIC New Jeevan Shanti Calculator

Using the LIC New Jeevan Shanti Plan Calculator offers several benefits, such as:

  • Personalized Results: The calculator generates customized estimates based on age, premium amount, and annuity preferences, helping you understand potential benefits accurately.

  • Informed Decision-Making: By providing insights into annuity payouts, the calculator allows you to make well-informed choices aligned with your financial goals and needs.

  • Time-Efficient: Easily accessible online, the calculator allows you to quickly obtain estimates at your convenience, saving time compared to manual calculations or consultations and enabling you to analyze options whenever you're ready.

  • Transparency and Clarity: The New Jeevan Shanti Calculator provides clear illustrations of the potential outcomes, ensuring that you understand the plan's benefits and how they fit in your budget and fulfil your needs. This transparency is crucial for making confident decisions about securing your financial future.

Sample Premium Rates of LIC New Jeevan Shanti Plan

Let us understand the premium payable by an individual under LIC New Jeevan Shanti Plan. 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:

Annuity Options Pension Amount for each Annuity Option
Monthly Quarterly Bi-annually Yearly
Option 1 (Single Life Deferred Annuity) Rs. 3,408 Rs. 10,331 Rs. 20,874 Rs.42,600
Option 2 (Joint Life Deferred Annuity) Rs. 3,344 Rs.10,137 Rs. 20,482 Rs. 41,800

How to Use the New Jeevan Shanti Calculator 2023

Using the LIC New Jeevan Shanti Plan Calculator is a simple process. Follow the below steps to calculate your premium and maturity amount:

  • Visit the Official LIC Website

  • Navigate to the New Jeevan Shanti product page

  • Enter the required information, such as age, premium amount, chosen annuity option, and premium payment frequency.

  • Click the "Calculate" button to obtain personalized estimates.

  • Analyze and Compare the result to understand the potential benefits 

Summing It Up

The LIC New Jeevan Shanti Calculator is a valuable tool that gives you the power of retirement planning. Its personalized results, transparency, and accessibility allow you to make informed decisions about your financial future. Whether you're approaching retirement or planning for the long term, the calculator is an essential resource that ensures your post-retirement life is financially protected.


  • Q: Is there any cost associated with using the LIC New Jeevan Shanti Calculator?

    Ans:Yes, the LIC New Jeevan Shanti Calculator is provided free of cost on the official LIC website. You can use it to obtain estimates and explore different retirement planning options without any cost.
  • Q: Can the LIC New Jeevan Shanti Calculator 2023 provide estimates for both immediate and deferred annuity options?

    Ans:LIC New Jeevan Shanti is a Deferred annuity plan, hence the calculator can provide estimates for deferred annuity options only. You can fill in your preferences, and the calculator will generate results based on the information provided by you.
  • Q: How accurate are the results of the LIC New Jeevan Shanti Calculator?

    Ans:The accuracy of the result depends on the accuracy of the information you provide. The calculator uses the details you input to generate estimates. It's important to input accurate data to receive reliable results.
  • Q: Can I use the LIC New Jeevan Shanti Calculator on my smartphone or tablet?

    Ans:Yes, The LIC New Jeevan Shanti Calculator is designed to be accessible on various devices, including mobile phones and tablets. You can conveniently use it on your preferred device to get estimates for your retirement planning.

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
+ Trad plans with a premium above 5 lakhs would be taxed as per applicable tax slabs post 31st march 2023
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