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New Jeevan Shanti Calculator

Plan 758UIN: 512N338V08

Guaranteed pension for a peaceful retirement

Calculate Your Premium

Eligibility: 30 to 79 years

Minimum: ₹1,50,000

View full plan details for New Jeevan Shanti→
Estimated Premium

Annual Premium

₹1,49,565

GST-exempt (individual life cover)

Annual Premium

₹1,49,565

Sum Assured

₹1,50,000

Term

1 years

Total Premium

₹1,49,565

Add riders

Benefits at a Glance

Death Benefit

Purchase price returned to nominee (in some options)

Maturity Benefit

Lifetime pension/annuity

Tax Benefits

  • Section 80CCC deduction on premium
  • Pension is taxable as income
Official Premium Table(from LIC Sales Brochure)
Age1 yr2 yr3 yr4 yr5 yr
45 yrs₹10,00,000-₹10,00,000-₹10,00,000
55 yrs₹10,00,000-₹10,00,000-₹10,00,000
65 yrs₹10,00,000-₹10,00,000-₹10,00,000

Annual premiums in Rs. for BSA of ₹10,00,000. Standard lives. Exclusive of taxes.

Mode Rebates: Yearly: Single premium only | Half-Yearly: N/A | Qtr/Monthly: N/A

High Sum Assured Rebate

Sum Assured RangeRebate
₹5L to ₹10L (1yr defer)₹2.90 per ₹1,000 purchase price
₹10L to ₹25L (1yr defer)₹3.90 per ₹1,000 purchase price
₹25L+ (1yr defer)₹4.15 per ₹1,000 purchase price

Important Disclaimer

These premium rates are indicative, sourced from official LIC Sales Brochures. Actual premiums may differ based on underwriting, medical examination, and other factors. Individual life insurance is GST-exempt since Sep 2025. Please consult your insurance advisor or nearest LIC branch for exact premium quotes before making any purchase decisions.

Last verified: 2026-03-21

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