LIC Pension Calculator (India)

Select an LIC pension plan below to estimate your potential benefits.

Select Pension Plan Type:

Jeevan Akshay Inputs

Purchase Amount (₹)

₹

₹1 Lakh ₹1 Crore

Your Age (at time of purchase)

30 Years 85 Years

Annuity Payout Option

Spouse’s Age (for Joint Life)

30 Years 85 Years

Include GST (1.8% on Purchase Price)

Jeevan Shanti Inputs

Purchase Amount (₹)

₹

₹1 Lakh ₹1 Crore

Your Age (at time of purchase)

30 Years 79 Years

Deferment Period (Years)

1 Year 12 Years

Annuity Payout Option

Spouse’s Age (for Joint Life)

30 Years 79 Years

Include GST (1.8% on Purchase Price)

Pension Plus Inputs

Annual Premium (₹)

₹

₹20K ₹5 Lakhs

Your Entry Age (Years)

18 Years 65 Years

Policy Term (Years)

10 Years 35 Years

Premium Paying Term (Years)

Annuity Payout Option (for Pension from Maturity)

Include GST (1.8% on each premium)

Include Illustrative Critical Illness Rider

Assumed Guaranteed Addition Rate (per ₹1000 SA)

₹40 ₹70

This rate is illustrative and applied per ₹1000 of Sum Assured annually.

Assumed Loyalty Addition Percentage

0% 30%

This percentage is illustrative, applied to (SA + Total GA) at maturity (if term >= 10 years).

Superannuation Pension Inputs

Superannuation Corpus (₹)

₹

₹1 Lakh ₹5 Crore

Your Retirement Age (Years)

50 Years 75 Years

Annuity Payout Option

Commutation Percentage (%)

0% 100%

Percentage of corpus you wish to take as a lump sum. Remaining amount purchases annuity.

Include GST (1.8% on Annuity Purchase)

Employees Pension Inputs

Last Drawn Basic Pay + DA (₹)

₹

₹20K ₹2 Lakhs

Years of Qualifying Service

10 Years 35 Years

Your Retirement Age (Years)

58 Years 65 Years

Commutation Percentage (%)

0% 33%

Percentage of pension you wish to commute into a lump sum. Max 33.33% is generally tax-free.

Assumed Commutation Factor (per ₹1)

8.00 12.00

Illustrative factor based on age for lump sum commutation (e.g., ₹9.81 for every ₹1 of monthly pension commuted at age 60).

Assumed Family Pension Rate (% of Basic Pension)

0% 50%

Illustrative percentage of the basic pension that would be paid as family pension.

Smart Pension Plan Inputs

Annual Premium (₹)

₹

₹20K ₹5 Lakhs

Your Entry Age (Years)

18 Years 65 Years

Policy Term (Years)

10 Years 40 Years

Premium Paying Term (Years)

Annuity Payout Option (for Pension from Maturity)

Spouse’s Age (for Joint Life)

18 Years 75 Years

Include GST (1.8% on each premium)

Assumed Annual Fund Growth Rate (%)

4% 12%

This is an illustrative rate. Actual ULIP returns are market-linked and not guaranteed.

Illustrative Annual Charges (% of Annual Premium)

0.5% 5%

This is a highly simplified representation of various ULIP charges (premium allocation, policy admin, etc.).

Jeevan Saral (Discontinued) Inputs

Monthly Premium (₹)

₹

₹250 ₹10,000

Your Entry Age (Years)

12 Years 60 Years

Policy Term (Years)

10 Years 35 Years

Annuity Payout Option (from maturity)

Spouse’s Age (for Joint Life Annuity)

12 Years 85 Years

Assumed Loyalty Addition Percentage (%)

0% 30%

Loyalty additions are not guaranteed and depend on LIC’s performance. This is an illustrative percentage applied to the Maturity Sum Assured.

Include GST (1.8% on each premium)

Estimated Monthly Pension

₹0

Quarterly

₹0

Half-Yearly

₹0

Yearly

₹0

Total Premiums Paid

₹0

Estimated Fund Value at Maturity

₹0

Estimated Monthly Basic Pension

₹0

Total Premiums Paid (Excl. GST)

₹0

Estimated Maturity Sum Assured (MSA)

₹0

Estimated Total Maturity Value (Corpus for Annuity)

₹0

Disclaimer: This calculator provides *illustrative estimates* for various LIC pension plans based on simplified assumptions and representative rates. Actual pension amounts and benefits depend on the specific plan chosen, policy terms, prevailing annuity rates at the time of purchase/vesting, market performance (for ULIPs), and specific scheme rules. GST is applied illustratively where applicable. For **discontinued plans** like LIC Jeevan Saral (Plan 165), calculations are based on historical public information and are **not guaranteed**. Loyalty Additions, in particular, are variable. This tool is for educational purposes only and should not be considered financial advice. Please consult an LIC agent, your HR/Pension Department, or a financial advisor for exact details and personalized quotes.