LIC New Jeevan Shanti Calculator

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:

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.

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