LIC New Jeevan Shanti Plan 758 Calculator
Non-Par, Non-Linked, Individual, Savings, Deferred Annuity Plan — Guaranteed Income After Deferment
Deferred Annuity Plan: Pay a one-time lump sum (Purchase Price) today. Annuity starts after the chosen deferment period (1–5 years) and continues for life. During deferment, Death Benefit grows monthly. Annuity rates are guaranteed at inception. Rates shown are indicative — anchored to the brochure illustration (Age 45, ₹10 lakh, 5-year deferment). Actual rates are determined by LIC at the time of issuance. GST payable separately on purchase price. You can easily calculate using our LIC New Jeevan Shanti Plan 758 Calculator.
Enter Your Details
Purchase Price, Age, Deferment Period & Annuity Option
₹
Min ₹1,50,000 | No maximum limit | GST payable separately
Enter valid purchase price (minimum ₹1,50,000).
👤
Last Birthday basis | Min 30 | Max 79 | Max vesting age: 80
Enter age between 30 and 79 years.
👥
Must be spouse, parent, child, grandparent, grandchild, or sibling of primary annuitant.
Enter secondary annuitant age (25–79).
—
Annuity Summary (After Deferment)
Annuity payable from vesting date onwards
Purchase Price (lump sum invested)
—
Deferment Period (wait before annuity starts)
—
Annual Annuity (gross)
—
Effective Annuity Rate (% of PP p.a.)
—
Annuity payable from Age
—
Key Metrics
At-a-glance summary for this plan
—
Annual Income (Post-Vesting)
—
Monthly Equivalent
—
Effective Annual Rate
—
Break-even (Post-Vesting Yr)
—
Death Benefit at Vesting
—
10-Year Annuity Income
Death Benefit During Deferment Period
DB grows each month as Additional Benefit accrues
Death Benefit formula: Higher of (Purchase Price + Accrued Additional Benefit on Death − Annuity paid till date) OR (105% of Purchase Price). During deferment, no annuity is paid, so DB = PP + Total Accrued ABD. The ABD accrues each policy month at the rate of the monthly annuity amount (without incentives).
Guaranteed Surrender Value (During Deferment)
GSV = GSV Factor × Purchase Price (Year 1–3: 75%, Year 4–5: 90%)
Plan Timeline — Death Benefit & Cumulative Annuity
Death Benefit grows during deferment, then declines as annuity is paid; cumulative income builds up post-vesting
Year-wise Plan Illustration
Deferment period + 20 years post-vesting
| Year | Phase | Age | Annual Annuity (₹) | Cumul. Annuity (₹) | Death Benefit (₹) | GSV (₹) |
|---|
Disclaimer: Annuity rates are indicative and based on the brochure illustration (Age 45, ₹10 lakh, 5-year deferment, Yearly, Offline). Actual rates are determined by LIC at policy issuance and vary by age, deferment period, and purchase price slab. Mode reduction factors (HY: −2%, QR: −3%, Monthly: −4%) and online incentives (+2%/+2.5%) are as per brochure. Death Benefit = max(PP + Accrued ABD − annuity paid, 105% × PP). GSV factors as per brochure (75% for Yrs 1–3, 90% for Yrs 4–5). Surrender value may be less than purchase price — hold to term. Consult LIC or visit licindia.in for exact quotations. LIC New Jeevan Shanti — Plan 758 (UIN: 512N338V07).
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 »