Plan 858 Pension Engine 2026

LIC Deferred Annuity (New Jeevan Shanti) Pension Calculator

Model LIC's flagship deferred annuity plan. Lock in guaranteed future pension rates years in advance of your retirement.

Deferred Payouts: Lock in pension rates now for payouts starting after 1-12 years

Guaranteed Additions accumulate monthly during the deferment period

Joint Life and Single Life annuity choices

Return of Purchase Price options available

Tax deductions u/s 80C on the single premium deposit

LIC Deferred Annuity Inputs

LIC Deferred Annuity (Plan 858) specialized calculator. Adjust your sliders to recalculate active returns.

1. Purchase Price (₹)₹10,00,000

2. Age of Annuitant (Years)50 Years Old

3. Deferment Period (Years)5 Years Deferment

Annuity Payout Option

Pension Payout Frequency

Plan 858

Estimated Modal Pension Payout

₹1,02,000

Guaranteed lifetime annuity

Actuarial Projections

Sovereign-backed security of sum assured and returns u/s 10(10D).
Eligible for annual premium tax exemptions under Section 80C.
Loan and policy surrender values accumulate continuously.

Estimated yearly Pension:₹1,02,000

Total Annual Pension:₹1,02,000

Total Purchase Price (Incl 1.8% GST):₹10,18,000

Death Benefit Refund to Nominee:₹10,00,000

Assumed Pension Yield Rate:10.20% p.a.

Returns Performance2.49x Return

Guide to LIC Deferred Annuity (New Jeevan Shanti / Plan 858)

LIC's New Jeevan Shanti (Plan 858) is a non-linked, non-participating, individual single-premium deferred annuity plan. It enables individuals to plan for retirement by investing a lump sum today and deferring the start of their pension for a period ranging from 1 to 12 years. Annuity rates are locked in at inception and remain guaranteed for life, bolstered by monthly guaranteed additions during deferment.

Plan Eligibility & Key Actuarial Limits

Policy parameter	Details and limits
Minimum Entry Age	30 Years
Maximum Entry Age	79 Years
Deferment Period	1 to 12 Years
Minimum Purchase Price	₹1,50,000
Maximum Purchase Price	No Limit
Pension Options	Deferred Annuity for Single Life or Joint Life

Tax Benefits & Payout Options

The purchase price qualifies for Section 80C tax relief. The regular annuity pension received after the deferment period is taxable as income under the pensioner's slab rate.

Frequently Asked Questions (FAQs)

What are Guaranteed Additions during deferment?

Guaranteed Additions accumulate monthly during the deferment period at a rate fixed at inception, which is added to the purchase price to calculate the final pension payout.

What happens if the policyholder passes away during the deferment period?

In the event of demise during the deferment period, the nominee receives the higher of the Purchase Price plus accumulated Guaranteed Additions, or 110% of the Purchase Price, paid as a lump sum or annuity.

Can the deferment period be changed after purchase?

No, the deferment period selected at inception is final and cannot be modified later.

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