LIC Smart Pension Plan 879 Calculator: Your Guide to Secure Retirement

1. Introduction

You step into assured retirement when you use the LIC Smart Pension Plan 879 Calculator because this free web-based estimator forecasts your immediate annuity from a single premium. Plan 879 launched in 2026 and it delivers a non-linked, non-participating immediate annuity plan with guaranteed lifetime income options.

You find it ideal for instant security so it converts your savings into flexible pensions without investment complexities. Input your details for personalized projections that cover monthly incomes and death benefits, and you skip paperwork delays.

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2. About the Plan - Key Details

Plan Overview: You explore an innovative single-premium immediate annuity plan. It focuses on non-linked and non-participating customizable lifelong income.

Eligibility: Eligibility covers entry ages from 18 to 100 years. These vary by option and base on nearer birthday.

Purchase Price: Minimum purchase price starts at ₹1,00,000 or ₹50,000 for disabled dependents. It has no upper limit.

Policy Term: Policy term lasts lifelong so payments begin the next month. Annuity options include single or joint life, available in monthly frequencies.

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3. Key Features & Benefits

Customizable Pension: You customize your pension through 10 options. These include basic life annuity, guaranteed periods from 5 to 20 years, or return of purchase price.

Death Benefits: Death benefits flex to continuation, refunds, or installments over 5, 10, or 15 years with a minimum of 5,000 monthly.

Tax Advantages: Tax advantages include 80C deductions on premiums and 10(10D) exemptions.

Additional Perks: Loans become available after 3 months up to 80% of value. Surrender occurs post-free look period.

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4. How to Use the Calculator

The LIC Smart Pension Plan 879 Calculator features an effortless layout suitable for quick mobile checks.

Step 1: Enter Date of Birth

You use the "Date of Birth *" field with its built-in picker to confirm ages between 18 and 100 years calculated to the nearer birthday.

Step 2: Input Investment Amount

You enter at least ₹1,00,000 in the "Investment Amount (Purchase Price) (₹) *" field. This number input includes a minimum hint.

Step 3: Select Deferment Period

From the "Deferment Period (Years)" dropdown list, you are able to choose the options of 5, 10, 15, or 20 years. It models possible vesting delays.

Step 4: Calculate and Interpret

To generate outputs like age, price, period, fund value, and estimated annual annuity, you press "Calculate". The right panel shows the currencies in a nice format.