LIC Smart Pension Plan 879 Calculator
Non-Linked · Non-Participating · Single Premium · Individual Immediate Annuity Plan
LIC Smart Pension Plan 879: Pay a one-time Purchase Price and receive guaranteed annuity for life under any of 22 options (A, B1–B4, C1–C2, D, E1–E5, F, G1–G2, H1–H2, I1–I2, J). Rates are illustrative — anchored to brochure illustration (Age 60, ₹10L, Yearly, Offline, Option A = ₹85,000). Actual rates are determined by LIC at policy issuance.
Enter Your Details
Purchase Price, Age, Annuity Option, Mode & Channel
₹
Minimum ₹1,00,000. No upper limit. Higher PP earns extra incentive (Para 7c).
Enter a valid Purchase Price (minimum ₹1,00,000).
👤
Min 18. Max: 65 for E1/E2; 70 for E3–E5; 100 for F; 85 for all others.
Age is not valid for the selected option.
Life Annuity with Return of Purchase Price on death. Surrender & Loan available.
👥
Completed age of secondary annuitant (spouse/partner): 18 to 85 years.
Secondary annuitant age must be between 18 and 85 years.
—
Annuity Summary
Guaranteed annuity payable for life
Purchase Price
—
Annuity Option
—
Annual Annuity (Mode-adjusted)
—
Effective Annuity Rate (% of PP p.a.)
—
Payment Mode & Channel
—
Death Benefit
—
Key Metrics
At-a-glance summary for the selected option
—
Annual Annuity
—
Monthly Equivalent
—
Effective Annual Rate
—
Break-even Year
—
Death Benefit
—
10-Year Total Income
Option-Specific Benefits
Death Benefit, Early Returns, Surrender Value & Loan
Annual Income & Cumulative vs Purchase Price (30 Years)
Yellow bars = Annual annuity | Blue line = Cumulative income | Red dashed = Purchase Price
Year-wise Benefit Summary (30 Years)
Annual annuity, early returns, cumulative income, death benefit & surrender value
Disclaimer: Annuity rates are illustrative only, anchored to LIC brochure Para 12 illustration (Age 60, ₹10 lakh, Yearly, Offline). Option ratios derived from brochure data. Actual rates at policy issuance may vary. Higher PP incentive is an absolute addition per ₹1,000 PP per annum (Para 7c). Online incentive +2.50% and existing policyholder incentive +0.15% apply to tabular rate (Para 7a, 7b). Surrender Value and Loan available only for Options D, E1–E5, F, J (Para 10). SV rates: 80% in Year 1, +0.5%/year to 90% at Year 21+, 92.5% after 35 years or at age 100. Loan interest at 9.50% p.a. (current, subject to change). LIC Smart Pension — Plan 879 (UIN: 512N386V01).
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 »