LIC New Jeevan Shanti Calculator

LIC New Jeevan Shanti Calculator- An Overview

The LIC New Jeevan Shanti Calculator is an online tool offered by the LIC of India. It helps individuals estimate the premiums and benefits of the LIC New Jeevan Shanti plan. The calculator generates customized calculations of annuity payouts by entering details like age, premium amount, annuity choice, and frequency. This user-friendly tool helps make informed decisions, enabling users to customize the plan according to their needs. It helps decide the financial commitments and returns, helping users make informed decisions about their insurance investments and secure their post-retirement financial 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: The calculator provides insights into annuity payouts, allowing you to make well-informed choices that align 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 helps the policyholder estimate the returns he/she may receive at the end of the policy term. In addition, the calculator helps you understand the plan's benefits and how they fit into 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 2024?

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

Step 1: Visit the Official website of LIC of India.

Step 2: Navigate to the New Jeevan Shanti product page.

Step 3: Enter the required information, such as age, premium amount, chosen annuity option, and premium payment frequency.

Step 4: Click the "Calculate" button to obtain personalized estimates.

Step 5: Analyze and Compare the result to understand the potential benefits

**You can also use Policybazaar's online calculator to check the premium of your term insurance policy.

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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