LIC New Pension Plus Plan 867 Calculator
Unit Linked, Non-Participating, Individual Pension Plan — Market Linked Corpus & Deferred Annuity
IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER. LIC New Pension Plus is a market-linked pension plan. Projections below are based on IRDAI-mandated gross return scenarios of 4% and 8% p.a. — they are NOT guaranteed. Actual returns depend on fund performance. Charges include GST @ 18%. The Unit Linked Insurance products do not offer any liquidity during the first 5 years of the contract.
Enter Your Details
Age, Premium, Policy Term & Fund Choice
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Last birthday at policy commencement. Min 25 | Max 75.
Enter age between 25 and 75.
₹
Min ₹30,000 (yearly) | Max: No limit | Multiples of ₹1,000
Enter valid premium amount as per selected mode.
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Min 10 | Max 42 yrs | Vesting age must be 35–85.
Enter valid policy term (min 10, max 42; vesting age 35–85).Premium & Charge Summary
Year 1 charge breakdown
Instalment Premium (per payment)
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Annualized Premium
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Premium Allocation Charge — Year 1 (incl. GST)
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Amount Allocated to Fund — Year 1
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Policy Admin Charge p.a. — Year 1 (incl. GST)
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Fund Management Charge (FMC)
1.35% p.a. of fund (in NAV)
Projected Benefits at Vesting
Based on IRDAI-mandated 4% and 8% p.a. gross return scenarios
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Fund Value @ 4% (Vesting)
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Fund Value @ 8% (Vesting)
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Total Guaranteed Additions
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Total Premium Paid
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Max Commutation @4% (60%)
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Max Commutation @8% (60%)
Vesting Benefit Breakdown
Options at maturity (vesting date)
At vesting, you can commute up to 60% of the Unit Fund Value as lump sum. The remaining 40% (or 100% if not commuting) is used to purchase immediate or deferred annuity. The annuity rate is as per prevailing rates at the time of vesting.
Guaranteed Additions Schedule
Added to Unit Fund at specified policy anniversaries (only if policy is in-force)
| Policy Year | Rate (% of Annual/Single Prem) | Guaranteed Addition (₹) |
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Projected Fund Growth
Fund Value at 4% and 8% vs. Cumulative Premium
Year-wise Benefit Illustration
Projected fund values & death benefits at 4% and 8% gross returns
| Year | Age | Cumul. Prem (₹) | Cumul. GA (₹) | Fund @4% (₹) | Death Ben. @4% (₹) | Fund @8% (₹) | Death Ben. @8% (₹) |
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Disclaimer: Projections are at IRDAI-mandated gross return rates of 4% and 8% p.a. and are NOT guaranteed. The investment risk is borne by the policyholder. Fund values depend on actual NAV performance. Charges are as per brochure and include GST @ 18%. Premium Allocation Charge, Policy Administration Charge, and Fund Management Charge (1.35% p.a.) are applied. Guaranteed Additions are paid only when the policy is in-force with all premiums paid. No liquidity in the first 5 policy years. Vesting benefit in the form of annuity; up to 60% may be commuted. Consult LIC for exact figures. LIC New Pension Plus Plan 867 (UIN: 512L347V01).
Mohibul Islam
LIC Agent & Web DeveloperMohibul Islam is an LIC agent with 7+ years of experience. He also works in web development and blogging. He creates simple tools on LIC Plan Calculator to help people understand LIC plans, calculate benefits, and make better financial decisions easily. Read More About »