A novel high-k dielectric material is proposed for InGaN/GaN-LED to improve the performance. The proposed LED is analyzed and benchmarked with conventional LED using Technological Computer Aided Design (TCAD). The qualitative consistency of the optical characteristics of LED in this work has been observed that validate the TCAD simulation. Further, it is observed that proposed LED recorded higher luminous power and internal quantum efficiency (IQE) than that of conventional LED. At the injection current of 600 mA, the proposed and conventional LED yielded luminous power of 1600 mW and 1400 mW, respectively. Further, IQE of the proposed LED is higher than that of conventional LED by 12%. The improvement in the optical performance is attribute to high-k dielectric material induced additional electric field and radiative recombination rate. Thus, the proposed LED with high-k dielectric material is an outstanding device in lightning application.