LIC Jeevan Nidhi 169 is an old with-profit pension plan, closed to new buyers from 1 January 2012. You paid premiums until a chosen vesting age (40 to 75) and the corpus of sum assured, guaranteed additions and bonus then buys a pension. For a 30-year-old with ₹5 lakh cover vesting at 60, our estimate is about ₹21,574 a year (no GST applies now) and a corpus near ₹11.25 lakh.
Jeevan Nidhi 169 Premium & Pension Calculator
Your estimate
- Premium per instalment
- ₹21,574
- Deferment period
- 30 years
- Total premium paid
- ₹6,47,220
- Guaranteed additions
- ₹1,25,000
- Total bonus (estimated)
- ₹5,00,000
- Lump sum you can commute (1/3)
- ₹3,75,000
- Yearly pensionfrom the remaining 2/3 of the corpus
- ₹52,500
- Monthly pension
- ₹4,375
- Vesting age
- 60 years
- Total premium paid₹6,47,22058%
- Net gain₹4,77,78042%
Death benefit by policy year (sum assured + additions + bonus)
| Policy year | Age at entry | Premium paid | Death benefit |
|---|---|---|---|
| 1 | 31 | ₹21,574 | ₹5,25,000 |
| 2 | 32 | ₹43,148 | ₹5,50,000 |
| 3 | 33 | ₹64,722 | ₹5,75,000 |
| 4 | 34 | ₹86,296 | ₹6,00,000 |
| 5 | 35 | ₹1,07,870 | ₹6,25,000 |
| 10 | 40 | ₹2,15,740 | ₹7,25,000 |
| 15 | 45 | ₹3,23,610 | ₹8,25,000 |
| 20 | 50 | ₹4,31,480 | ₹9,25,000 |
| 25 | 55 | ₹5,39,350 | ₹10,25,000 |
| 30 | 60 | ₹6,47,220 | ₹11,25,000 |
Individual life insurance premiums are exempt from GST from 22 September 2025. Figures are estimates based on typical rates and may differ from LIC’s official quote.
What is LIC Jeevan Nidhi Plan 169?
LIC Jeevan Nidhi (Table 169) was a with-profit deferred annuity plan, which means a pension plan with a waiting period. You paid premiums for a chosen number of years, the policy built a corpus, and on the vesting date that corpus turned into a lifelong pension. During the waiting period your family also had life cover.
LIC closed the plan to new buyers on 1 January 2012. The same idea was later relaunched as New Jeevan Nidhi 812 and then Plan 818. This page is for people who still hold a 169 policy and want to know what their premiums add up to and roughly what pension to expect.
Jeevan Nidhi 169 at a glance
| Feature | Details |
|---|---|
| Plan / table number | 169 |
| Plan type | With-profit deferred annuity (pension) |
| Entry age | 18 to 65 years |
| Vesting age | 40 to 75 years |
| Deferment period | 5 to 35 years (single premium: 6 to 35) |
| Minimum sum assured | ₹50,000, in multiples of ₹5,000 |
| Minimum premium | ₹3,000 a year, or ₹10,000 single |
| Premium modes | Yearly, half-yearly, quarterly, monthly (salary deduction), single |
| Guaranteed additions | ₹50 per ₹1,000 sum assured in years 1 to 5 |
| Bonus | Simple reversionary bonus from year 6, plus any terminal bonus |
| Status | Withdrawn from 1 January 2012 |
How the premium and corpus are estimated
Your premium depended on age at entry, the length of the deferment period and the sum assured. The calculator works in four steps:
- It sets a level premium large enough to fund the sum assured plus the ₹250-per-₹1,000 guaranteed additions over your deferment period, with a small charge for life cover.
- It applies a 2% rebate for sum assured of ₹3 lakh or more.
- It adds the mode loading for half-yearly, quarterly or monthly payment. No GST is added: individual life and pension premiums are GST-exempt from 22 September 2025 (before that, LIC charged 4.5% in year one and 2.25% after).
- It builds the corpus: sum assured + guaranteed additions + bonus at your chosen rate from year 6.
Worked example: a 30-year-old takes ₹5 lakh sum assured with vesting at 60, giving 30 years of deferment. The estimated premium is ₹21,574 a year, which is also the amount payable now that GST no longer applies. Over 30 years that is ₹6,47,220. With guaranteed additions of ₹1,25,000 and an assumed ₹40 bonus for 25 years (₹5,00,000), the corpus at 60 comes to about ₹11,25,000.
A shorter plan costs more each year. At age 40 with ₹2 lakh sum assured and vesting at 60, the estimate is ₹13,259 a year and a corpus of about ₹3,70,000.
Tip: your annual bonus statement from LIC shows the bonus already credited. Put the average of those rates into the bonus field to get a more realistic corpus.
What you get at vesting
On the vesting date you can:
- take up to one-third of the corpus as a tax-free lump sum (commutation), and
- use the remaining two-thirds to buy a pension from LIC at the annuity rates on that date.
In the example above, one-third is ₹3,75,000. If the remaining ₹7,50,000 buys an annuity at 7%, the pension is about ₹52,500 a year, or ₹4,375 a month. Annuity rates change with interest rates, so change the annuity rate field to see a range.
Death benefit before vesting
If the policyholder dies before the pension starts, the nominee receives the basic sum assured plus all guaranteed additions and bonuses credited so far. The table under the calculator shows this amount for each policy year. The nominee can take the money as a lump sum or buy an annuity with it.
Riders, surrender and tax
- Riders: term assurance, critical illness and premium waiver riders could be added at the start for an extra premium.
- Surrender: a policy that has acquired surrender value can be surrendered before vesting, but the payout is usually well below the corpus shown here. Estimate it with our surrender value calculator.
- Tax: premiums were deductible under Section 123 of the Income-tax Act, 2025 (earlier Section 80CCC) (part of the ₹1.5 lakh limit). The commuted lump sum is tax-free, while the pension is taxable as income.
Jeevan Nidhi 169 vs later versions
Plan 169 was the original version. New Jeevan Nidhi 812 (2012–2013) kept the guaranteed additions but narrowed vesting age to 55–65 and raised the minimum sum assured to ₹1 lakh. Plan 818 followed with similar rules. None of these can be bought today. To plan a new pension, try our LIC pension calculator.
How to use this calculator
Enter your entry age and vesting age from the policy bond, pick regular or single premium, and type the sum assured. Leave the bonus and annuity rate at their defaults, or change them to test cautious and optimistic cases. The results show your premium, the corpus, the lump sum you can commute and the pension it could buy. All figures are approximate.
Frequently asked questions
Can I still buy LIC Jeevan Nidhi Plan 169?
No. LIC stopped selling Plan 169 on 1 January 2012. Policies bought before that date remain valid until vesting. Anyone looking for a new pension product should check LIC's current annuity plans, such as New Jeevan Shanti, instead.
What are guaranteed additions in Jeevan Nidhi 169?
For each of the first five policy years, LIC adds ₹50 for every ₹1,000 of basic sum assured. On a ₹5 lakh policy that is ₹25,000 a year, or ₹1.25 lakh in total. From the sixth year, simple reversionary bonuses declared by LIC take over.
What happens to my Jeevan Nidhi 169 policy at vesting?
The vesting amount (sum assured, guaranteed additions, bonuses and any terminal bonus) is available at your chosen vesting age. You may take up to one-third as a lump sum. The rest must be used to buy a pension (annuity) from LIC at the rates applicable on that date.
What is the death benefit under Jeevan Nidhi 169?
If the policyholder dies before vesting, the nominee receives the basic sum assured plus the guaranteed additions and bonuses credited up to that point. The nominee can take this as a lump sum or use it to buy an annuity.
What were the eligibility limits for Plan 169?
Entry age was 18 to 65 years and vesting age 40 to 75 years. The deferment period ran from 5 to 35 years (6 to 35 for single premium). Minimum sum assured was ₹50,000, with a minimum premium of ₹3,000 a year or ₹10,000 as a single payment.
Is the Jeevan Nidhi 169 pension taxable?
Premiums qualified for deduction under Section 123 (earlier 80CCC), within the overall ₹1.5 lakh limit (old tax regime). The one-third commuted lump sum is tax-free. The monthly or yearly pension is added to your income and taxed at your slab rate.
How accurate is this Jeevan Nidhi 169 calculator?
It gives an estimate. Premiums use a model built from the plan's rules, and bonus and annuity rates are assumptions you can change. Your policy bond and LIC's bonus statements show the exact premium and the bonuses actually credited.
Disclaimer: LIC Premium Calculators is an independent website. We are not affiliated with, endorsed by or connected to Life Insurance Corporation of India. All figures are estimates for illustration; confirm exact premiums and benefits with LIC or a licensed agent before buying.