Lic Pension Plan Single Premium Calculator : Free Online Tool for Fund Value

Calculate your LIC New Pension Plus 867 single premium, fund value, and retirement benefits with our free 2025 online tool. Discover why this plan is a smart choice for your financial future!

Introduction to LIC New Pension Plus 867: Your Path to a Secure Retirement

Planning for retirement in 2025? The LIC New Pension Plus 867 is a single premium pension plan designed to secure your financial future with guaranteed additions and flexible investment options.

With our LIC pension plan single premium calculator, you can instantly calculate premiums, estimate fund growth, and explore tax benefits—all from the comfort of your home.

This blog dives into the plan’s features, how the calculator works, the LIC pension plan single premium interest rate, and a detailed LIC pension plan single premium review to help you make an informed decision.

Why Choose LIC New Pension Plus 867 Single Premium?

The LIC New Pension Plus 867 is a unit-linked pension plan that offers a one-time premium payment for lifelong benefits. Here’s why it stands out:

1. One-Time Investment, Lifelong Returns

With a single premium (minimum ₹1,00,000), you invest once and let your money grow over a policy term of 10 to 42 years. The plan offers four fund options—Bond (6%), Secured (8%), Balanced (10%), and Growth (12%)—allowing you to choose based on your risk appetite.

2. Guaranteed Additions (GA) for Extra Growth

LIC adds Guaranteed Additions to boost your fund value:

• Year 6: 4% of the premium.
• Year 10: 5% of the premium.
• Years 11–15: 1.25% annually, increasing to 4.5% for years 41–42.
  These additions make the plan attractive for long-term wealth creation.

3. Tax Benefits

Under Section 80C, you can claim deductions up to ₹1.5 lakh on your single premium. Maturity benefits are tax-free under Section 10(10D), making this a tax-efficient retirement tool.

4. Online vs. Offline Mode

Choosing the online mode reduces allocation charges (1.5% vs. 3.3% offline), maximizing your invested amount. Our LIC pension plan single premium calculator factors this in for accurate projections.

How to Use the LIC Pension Plan Single Premium Calculator

Our free online LIC pension plan single premium calculator simplifies retirement planning. Here’s how to use it:

1. Select Purchase Mode: Choose “Online” (lower charges) or “Offline.”
2. Enter Single Premium: Input an amount (minimum ₹1,00,000).
3. Choose Policy Term: Select 10 to 42 years.
4. Pick Fund Type: Opt for Bond, Secured, Balanced, or Growth based on your risk profile.
5. Calculate: Get instant results, including:
   • Fund Value: Estimated corpus at maturity.
   • Guaranteed Additions: Total GA added over the term.
   • Discontinuance Warning: Potential charges if you exit early (e.g., up to ₹25,000 in Year 1).
   • Annualized Return: Internal Rate of Return (IRR) for investment performance.

Example: For a ₹5,00,000 single premium, online mode, 15-year term, and Balanced Fund (10% p.a.):

• Allocation Charge: ₹7,500 (1.5%).
• GA: 4% (Year 6) + 5% (Year 10) + 1.25%*5 (Years 11–15) = 15.25% of ₹5,00,000 = ₹76,250.
• Estimated Fund Value: ~₹9,50,000 (after charges, assuming 10% growth minus 1.35% FMC).

The calculator also shows a year-wise breakdown and a growth chart, making it easy to visualize your investment’s progress.

LIC Pension Plan Single Premium Interest Rate

The LIC pension plan single premium interest rate depends on the fund you choose:

• Bond Fund: 6% p.a. (low risk, stable returns).
• Secured Fund: 8% p.a. (moderate risk, balanced growth).
• Balanced Fund: 10% p.a. (balanced risk, higher returns).
• Growth Fund: 12% p.a. (high risk, maximum growth).

After deducting the Fund Management Charge (FMC) of 1.35%, the net growth rates are:

• Bond: 4.65%.
• Secured: 6.65%.
• Balanced: 8.65%.
• Growth: 10.65%.

These rates, combined with Guaranteed Additions, ensure your investment grows steadily. For example, a 20-year term with the Growth Fund could yield an annualized return of ~9–10% with GAs, as shown by our calculator.

LIC Pension Plan Single Premium Review

Here’s a detailed LIC pension plan single premium review based on its features, benefits, and user feedback:

Pros

• Flexibility: Single premium eliminates recurring payments, ideal for those with lump-sum savings.
• Guaranteed Additions: Boosts returns, especially for longer terms (e.g., 15.25% GA for 15 years).
• Tax Efficiency: Significant savings under 80C and 10(10D).
• Transparency: The calculator provides clear breakdowns of charges (allocation, admin, FMC) and growth.
• Online Advantage: Lower charges (1.5%) make online purchase cost-effective.

Cons

• Market Risk: As a unit-linked plan, returns depend on fund performance, especially for Balanced and Growth funds.
• Discontinuance Charges: Early exit (within 5 years) can lead to losses (e.g., 4% of fund value in Year 1, capped at ₹25,000).
• Long-Term Commitment: Best suited for those who can stay invested for 10+ years.

User Feedback (Inspired by X Posts)

Users on X praise the plan’s simplicity and tax benefits but note the importance of choosing the right fund. Many recommend using the online calculator to compare online vs. offline modes before investing.

Verdict

The LIC New Pension Plus 867 is ideal for risk-averse investors seeking a one-time investment with guaranteed benefits and tax savings. It’s particularly suited for retirement planning if you choose a longer term and a balanced or growth fund.

Why Use Our LIC Pension Plan Single Premium Calculator?

Our free LIC pension plan single premium calculator is designed for 2025, offering:

• Accuracy: Based on LIC’s official rules (UIN: 512L347V01).
• Ease of Use: User-friendly interface with saved inputs (via localStorage) for convenience.
• Transparency: Detailed breakdowns of premiums, charges, and GA.
• Visual Insights: Growth charts to track your investment over time.

Unlike generic calculators, our tool is tailored for the LIC New Pension Plus 867, ensuring precise calculations for single premium investors.

Start Planning Your Retirement Today!

Ready to secure your future? Use our LIC pension plan single premium calculator to estimate your fund value, explore the LIC pension plan single premium interest rate, and make an informed decision. With tax benefits, guaranteed additions, and flexible fund options, the LIC New Pension Plus 867 is a smart choice for retirement planning.

Calculate now and take the first step toward a financially secure tomorrow!

Disclaimer: Fund values are estimates based on assumed growth rates. Actual returns may vary due to market conditions. Consult LIC or a financial advisor for personalized advice.

See also

LIC Amritbaal Plan Calculator – Easy Premium & Maturity Tool

LIC New Jeevan Anand 815 Maturity Calculator: Calculate Your Returns in Seconds!

Best LIC Plans for 2025: Plan Smart with the Free LIC Premium Calculator