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Hi Hariram,
We always advice to purchase the latest release of Quartus Standard Edition 18.1.
Refer link below to check the price.
https://www.intel.com/content/dam/www/programmable/us/en/pdfs/literature/po/ss-quartus-comparison.pdf
Refer link below on renewing an existing license with the Self-Service Licensing Center. (Page 34 - 4.5.2. Renewing a License)
https://www.intel.com/content/dam/www/programmable/us/en/pdfs/literature/manual/quartus_install.pdf
Thank you.

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