Contents
 1 LIC New Jeevan Nidhi policy Review
 2 Benefits of LIC New Jeevan Nidhi Policy:
 3 Terms and Eligibility conditions of LIC New Jeevan Nidhi Policy
 4 LIC New Jeevan Nidhi Policy Rebates
 5 LIC New Jeevan Nidhi policy Buying Procedure
 6 Claim Procedure of LIC New Jeevan Nidhi policy
 7 LIC New Jeevan Nidhi policy Premium calculator
 8 Additional Information of LIC New Jeevan Nidhi Policy
 9 Example of LIC New Jeevan Nidhi policy:
 10 FAQ’s Of LIC New Jeevan Nidhi policy
 11 Related Lic Pension Plans
LIC New Jeevan Nidhi policy Review
LIC New Jeevan Nidhi Plan 818 is a regular premium pension plan. Premium needs to be paid till the end of the accumulation period. In lic jeevan nidhi at the end of the accumulation period, the maturity comprising of the sum assured, increment bonus and the final additional bonus will be converted into pension. After the expiry of the life insured, a lump sum will be paid to the nominee.
You can calculate the Lic Jeevan Nidhi Plan 818 Maturity amount and Premium that has to be paid to get all the benefits available under new jeevan nidhi plan 818 policy by using Lic jeevan nidhi premium calculator and lic new jeevan nidhi maturity calculator.
In plan:0818 new jeevan nidhi there are two types of paying premium.
 Single Premium: Buying Premium with lump sum amount at once.
 Regular Premium: Paying Premium at different intervals such as Yearly, HalfYearly, quarterly or monthly (through ECS only) or through SSS mode over the term of policy.
Benefits of LIC New Jeevan Nidhi Policy:
Lic jeevan nidhi details are given below
Benefit of Vesting : On vesting an amount equal to the Basic Sum Assured along with accrued Guaranteed Additions, vested Simple Reversion bonuses and Final Additional bonus, if any, shall be made available to the Life Assured.
Death Benefit: If in case policyholder dies before vesting period (before pension starting period) then
 Within first 5 year policy: The nominee will be provided the Basic Sum Assured + accrued Guaranteed Additions which can be paid in a lump sum or as annuity or a combination of the two, provided all premiums have been paid.
 After the first 5 years of the policy: The nominee will be provided the Basic Sum Assured + accrued Guaranteed Additions + Simple Reversionary + Final Additional Bonus, if any, which can be paid in a lump sum or as annuity or a combination of the two, provided all premiums have been paid.
Income Tax Benefit: Premiums paid under life insurance policy and 1/3rd of the maturity proceeds are exempted from tax. Pension amount will be taxable.
Guaranteed Additions: Only for first years at rate of 50 per thousand.
After completion of buying premium, the policyholder can take some amount of annuity and get pension from remaining amount.
Terms and Eligibility conditions of LIC New Jeevan Nidhi Policy
Entry age 

Vesting age (Receiving Pension) 

Minimum Sum Assured 

Maximum Sum assured 

Premium Paying Modes 

Deferment Period 

Service Tax 

Grace Period 

LIC New Jeevan Nidhi Policy Rebates
Sum Assured Rebate for Regular premium policies:
Sum Assured  Rebate 
Rs. 1,00,000/ to Rs. 2,95,000/  NIL 
Rs. 3,00,000/ and above  2.00 % Basic Sum Assured 
Sum Assured Rebate for Regular premium policies:
Sum Assured  Rebate 
Rs. 1,00,000/ to Rs. 2,95,000/  NIL 
Rs. 3,00,000/ and above  5.00 % Basic Sum Assured 
Mode Rebate:
Mode  Percentage 
Yearly  Table premium 2% 
Half yearly  Table Premium 1% 
LIC New Jeevan Nidhi policy Buying Procedure
Documents Required to buy LIC New Jeevan Nidhi Policy are
 Application form/Proposal form along with photo
 Address proof
 Age proof
 Medical reports(if required)
Claim Procedure of LIC New Jeevan Nidhi policy
The documents required for claim procedure under LIC New Jeevan Nidhi Policy are given below
 NEFT form
 Discharge form
 Cancel check or Bank Pass book xerox
 Policy bond
 Death certificate
LIC New Jeevan Nidhi policy Premium calculator
The required data for calculating either single or regular premium rates in LIC New Jeevan Nidhi Policy. In Lic jeevan nidhi calculator you need to enter some details, you need to enter the following details in Lic Jeevan Nidhi Pension Plan Calculator.
 NAME :
 EMAIL ID :
 MOBILE NUMBER :
 AGE :
 TERM :
 SUM ASSURED :
Additional Information of LIC New Jeevan Nidhi Policy
Vesting Period: At the time of retirement or starts receiving the pension.
Deferment Period: Period between the subscription date of an insurance cum pension policy and the time at which the first installment of pension is received is called as deferment period.
Date of Commencement of Risk: In case of children whose age is less than 8 years risk commencement starts either from 2 years of taking the policy or from achieving 8 years old which is earlier.
Loan facility: Loan facilities are not available under LIC New Jeevan Nidhi policy.
Policy Revival: If the premium is not paid by you within the grace period then the policy will lapse. If you are interested to continue this policy then you can revive your policy on or before 2 years from date of first Unpaid premium.
House Loan Surety: House loan surety is available under this LIC New Jeevan Nidhi policy.
Suicide clause: If the policy holder commits suicide for any of the reasons within 12 months of date of commencement of risk or from date of revival, then 80% of premium for what he had paid will be returned to his assignees and nominees.
Proposal Forms: Proposal Form no. 300 or 340 will be used under this plan.
Riders: Riders are available under this LIC New Jeevan Nidhi policy. Availability of Accidental Death and Disability Benefit rider
Backdating interest: The policy cannot be backdated within the same financial year.
Locking Period: If you are not satisfied with this policy you may return the policy within 15 days from date of receipt of the policy. After 15 days you are not eligible for cancelling the policy upto 3 years.
Risk coverage: Risk coverage will be provided till the end of term policy.
Income Tax Reduction: Available for premiums paid and for Maturity returns.
Click on the link for more information about Income Tax Reductions
Surrender Value: There is a Guaranteed Surrender Value in this plan
For Single Premium: The policy can be surrendered at any time during the deferment period and the Guaranteed Surrender Value would be:
 Within 3 policy years would be 70% of the Single Premium Paid excluding taxes and extra premium, if any and
 After 3 policy years would be 90% of the Single Premium Paid excluding taxes and extra premium, if any
For Regular Premium:
 For deferment period less than 10 years: The policy can be surrendered provided the premiums have been paid for at least two consecutive years.
 For deferment period 10 years or more: The policy can be surrendered provided the premiums have been paid for at least three consecutive years.
 The Guaranteed Surrender Value is a percentage of total premiums paid excluding taxes, extra premiums, if any and rider premium and it depends on the deferment period and the policy year in which the policy is surrendered.
Assignments/Nominations: Assignees and nominees are applicable under this plan.
Coolingoff Period: If you are not satisfied with this policy term you may return the policy within 15 days from the date of receipt of the policy.
Example of LIC New Jeevan Nidhi policy:
Let us consider a Jeevan nidhi example to know about the policy clearly.
Case 1: If Vamsi Krishna is going to purchase LIC New Jeevan Nidhi policy at Regular Premiums then the following details are as follows
Age : 20 years
Term : 35 years
Sum Assured : Rs.25,00,000
Now, Vamsi krishna is paying premium with and without tax are given in below table
Premium  Without Tax  With tax 
Yearly  60905  62787 
HalfYearly  30116  31740 
Quarterly  15563  16043 
Monthly  5188  5348 
Case 2: If Vamsi Krishna had decided to purchase LIC New Jeevan Nidhi policy at Single Premium then the following details are as follows
Age : 20 years
Term : 35 years
Sum Assured : Rs.25,00,000
Now, Vamsi krishna is paying premium with and without tax are given in below table
Premium  Without Tax  With tax 
Single Premium  909250  937346 
FAQ’s Of LIC New Jeevan Nidhi policy
What happens if policyholder stops paying premium?
If the premiums are not paid within the grace period, the policy lapses and all benefits will cease. However, the policy can be revived within 2 years from the date of first unpaid premium.
Is additional accidental riders are available under LIC New Jeevan Nidhi Policy?
Additional benefit riders can be opted by paying extra nominal amount.
For more details please refer the given below official link,
Click here for Lic New Jeevan Nidhi Plan
ROHIT PATANKAR says
my age is 26 years.
i am interested in this plan. so if i am invests 1000 rs per year then after 25 years what i am getting?
ANKIT PARASHAR says
YOU GETTING NOTHING
Venkataraman says
Payment of Rs 1,00,000/annum for 15 yrs annuity payable by Lic from 60th year for a prson aged 36 now
ATRIMUNI SHARMA says
please provide me details of jeevan nidhi age 46 years we want pension 5000 per month
H S GILL says
Pls send your age and other details on what’s app no.9023518461
sanjay patil says
i m 39 old if i took jeevan nidhi for 500000 &term is 20 year after 20 year how much pension i get
sanjay patil says
plz reply
k bala kumar says
it is a good pension policy
adijyoti says
my age is 53 yrs. i want to pay a premium of 20000 pm till at the age of 60yrs. what will be my monthly pension and all other features / benifits under theNew Jeevan Nidhi policy.
Mohd Shamim Sabri says
MOHD SHAMIM SABRI
my age is 38 years.
i am interested in this plan. so if i am invests 1000 rs per year then after 15 years what i am getting?
Mohit says
are bhai milega kitna koi ye toh bata do har jagah same si hi detail di hui hai.. only how much premium we have to pay .. single premium . yearly premium – OK WE GET IT .. BUT IN RETURN HOW MUCH WE WILL GET????
take an example: 3,00,000 sum assured
policy term 30 years
how much in return we will get ? monthly? all at once or what????
bring some transparency LIC for god sake
MUKESH SHARMA says
kindly tell me tax saving upto last limit.
RAJARSHI GUHA says
I am interested in this plan. so if i am invests 2000 rs per month then after 30 years, what will be my monthly pension?
Sanjoy Dutta says
please provide me details of jeevan nidhi age 48 years. I want pension 5000 per month
Swajan Kumar Patla says
After accommodation period in jeevan nidhi policy holder can get pension from Lici .my question is that whether his/her nominee will get full sum assured after policy holder’s death..? If yes please inform the circular no.
RAJIV DATTATRAYA KARNIK says
Respected sir/ madam,
I have New Jeevan Nidhi policies No. 88476782021222324 and I have paid 6 quarterly premiums amounting to approx. 9.22 Lakh Rupees in past 1.5 years.
If I have to surrender, when I should surrender? What would be the surrender value if I surrender now, ie after 1.5 years , compared to surrendering after 2 full years in July 2016?
upendra kumar says
36961 par years lic polcy
upendra kumar says
Mob 8287275901
srinivasarao says
under new jeevan nidhi policy all premiums are paid for 21 years. after 65 years pension is starting the 1st or 2nd years completed, suddenly policy holder dies in 3rd year? pension is stopped by LIC ? what about Benifit for Nominee?
niraj thakkar says
shall we claim jeevan nidhi – 818 premium over and above Rs. 150000/ i.e. shall we claim jeevan nidhi premium u/s. 80 ccd.
muthusamy says
Illustrations monthly pension amount is required
anand says
I am 39 year old& i am invested 25000/ per year
After 60 year how many pension get per month
Ajay bhan says
Hi,
i am 40 years old, if i start 10k per month investment up to 10 years what will be the pension set after 10 years.
rgds
Reply
m miah says
my age is 25 years.I interested new jeevan nidhi plan.so if I am invest per year 30000 Rs .then after 20 years what I am getting?
gopalsaranmisra says
my age is 55 years &I wants the term of 7years.I need pension rs 12000/per month .WHAT WILL BE REGULAR PREMIUM
Tej Krishen saraf says
I am 64 years old male working in private company and want to purchase Jeevan Nidhi Policy please guide me
Ravi C says
My age is 36 now I am investing monthly 1000, after 60 age how much coming monthly pension I want some details please.
J S PARTHASARATHI says
ubject: 80 CCD(1B) BENEFITS FOR SENIOR CITIZEN.
Dear Sir,
I retired last year 2015 June from BHEL. I bought LIC varishtha Pension Bima Yojana ( LIC Plan is 828.)on 28/07/2015 for Rs.6,66,665.
I am not coming under NPS scheme as my age is 60.
Please clarify whether 80 CCD ( 1B ) deduction of taxable income by Rs.50,000.
My LIC agent , Auditors are having different opinion. assessment year is 201617.
Nothing explicitly written in Policy document which adding to the trouble.
Kindly clarify on the same as I have to submit my return after paying last amount shortly.
Regards,
J.S.Parthasarathi,
19 Heritage Venkateshwara Nagar,
Near arunachalm Nagar,
Porur, Chennai 600116
Ph: 9445191261 Airtel
A Maiti says
I want Rs 10000/ month pension at a age of 60 yrs, my age 38yrs now, what will be the monthly premium for the same?
Ramkesh Goswami says
I want jeevan Nidhi plan for me my age 29 years term 26 year s.a 3 lacks after age 55 years mughe per month kitni annuity milegi aur death risk cover kya rahega
Ramkesh Goswami says
Sir my age 29 yrs I want to buy this policy term of 26 yrs and s.a is 3 lacks after age of 55 मुझे कितनी pension milegi yly monthly hly ओर death risk cover कब तक और कितने रूपए का रहेगा please tell me
BS says
I want to invest about 50 lacs one time for life long pension. I am 58 and left with 2 years more for retirement. Can you suggest a plan where I can get about 500000/ per month as pension life long and after death the same pension is transfered to my spouse.
BS says
I want to invest about 50 lacs one time for life long pension. I am 58 and left with 2 years more for retirement. Can you suggest a plan where I can get about 50000/ per month as pension life long and after death the same pension is transfered to my spouse.
RAM says
I AM 24 YRS OF AGE. IF I WOULD LIKE TO INVEST RS.12000/ P A IN JEEVAN NIDHI FOR 31 YEARS, HOW MUCH PENSION WILL I GET MONTHLY
Amjad says
Invest 6000 pm for 15 years
What pension I will get each month. And lump sum amount.
Goverdhan kawdal says
my age 38 years and I want pension rs 5000/ to 10000/ per month.
pls. sent me details as per above.
N DEV ANAND says
Please tell me the Premium Payable (under regular premium) Annual Mode
NAME : N DEV ANAND
EMAIL ID : devanandn1960@gmail.com
MOBILE NUMBER : 9941865113
AGE : 57 (DOB 26/05/1960)
TERM : 8 years
SUM ASSURED : Rs. 20,00,000
himadri shekhar sarkar says
i m 38 years old. i want pension of 30000 per month at the age of 60 . what will be my premium
OM PRAKASH PANDEY says
we need to pension plan and my age is just 43 year.we need to pension Rs.15000/after 58 years. Plz suggest me which plan is better for me and how much we paid in a year .
Vinod B. says
When pension get start & after 2 years pensioner had dead then her nominee can received the each amount of pensions ?
C. Sambasivarao says
monthly payment is to be raised at least more than the FD rates available and after the guarateed period the total amount is to be returned to the suvivor or nominee