LIC New Pension Plus Plan No. 867: A Smart Way to Plan Your Retirement
Planning for retirement can feel overwhelming, but LIC’s New Pension Plus Plan No. 867 makes it simpler. This unit-linked pension plan offers a mix of market-linked growth and guaranteed returns, making it a solid choice for long-term wealth creation. Whether you’re in your 30s or 50s, this plan can help you build a retirement corpus while enjoying tax benefits.In this post, we’ll dive into the details of the plan, its benefits, and how you can use our LIC Pension Plus maturity calculator to estimate your retirement savings. Let’s get started!LIC New Pension Plus Calculator
Disclaimer: These calculations are based on assumed returns and may vary from actual results. Please consult LIC for precise figures.
LIC New Pension Plus Plan No. 867: Your Complete Guide
Planning retirement? LIC's New Pension Plus (Plan 867) offers market-linked growth + guaranteed returns. This guide explains features, benefits, and includes a free maturity calculator.
What is LIC New Pension Plus Plan?
LIC's unit-linked pension plan for long-term wealth creation with:
- 4 Fund Options: Bond, Secured, Balanced, Growth
- Policy Term: 5 to 42 years
- Guaranteed Additions at Year 6, 10 & Beyond
- Tax Savings Under Section 80C
Key Benefits
Why Choose This Plan?
- 🛡️ Guaranteed Additions: 5-15.5% of premium added periodically
- 📈 Flexible Investment: Switch funds annually
- 💸 Tax Efficiency: Save up to ₹46,800/year
LIC Pension Plus Maturity Calculator
Step 1: Enter Basic Details
Choose premium type (Single/Regular) and frequency
Step 2: Investment Details
Input premium amount, policy term (5-42 yrs), and age
Step 3: Calculate Returns
Get instant results showing:
- Total premiums paid
- Year-wise growth
- Final maturity value
Example Calculation
| Parameter | Details |
|---|---|
| Age | 35 years |
| Premium | ₹1.5 lakh/year (Regular) |
| Term | 20 years |
| Maturity Value | ₹78.5 lakh (approx) |
Charges Breakdown
What You Pay:
- Year 1 Charges: 2.5% (Online) to 7% (Offline)
- Fund Management: 1.35% annually
- Admin Fees: ₹50-80/month (First 5 years)
Pro Tip: Buy online to save 4-5% in charges!
LIC vs Other Pension Plans
| Feature | LIC Pension Plus | NPS |
|---|---|---|
| Guaranteed Returns | Yes | No |
| Annuity Compulsion | 66% | 40% |
FAQs
Can I withdraw before maturity?
Yes, but surrender charges apply for first 5 years.
How are taxes applied?
1/3 corpus tax-free. Annuity income taxable.
5 thoughts on “LIC New Pension Plus Plan No. 867: Calculator Everything You Need to Know + Free Maturity”
Comments are closed.