LIC Nivesh Plus Plan (749) - LIC Premium Calculator

LIC’s Nivesh Plus can be a perfect insurance plan for you if you are searching for one that not only gives you life coverage but also helps you save money at the same time.

LIC Nivesh Plus Plan Maturity Calculator

Policy Benefits Over Time

Premium Summary

Year-Wise Policy Details

What is LIC’s Nivesh Plus Plan?

LIC’s Nivesh Plus is a non-participating, unit-linked life insurance plan where your premium is invested in market-linked funds of your choice. It provides life insurance coverage for the policy term and helps your wealth grow based on market performance.

The plan also offers Guaranteed Additions at specific policy years to boost your returns and allows partial withdrawals after 5 years.

Are you looking to explore more LIC plans and calculate their benefits? Check out our range of LIC Premium Calculators below to find the perfect plan for your needs:

Key Features

Here’s a quick summary of the plan’s standout features:

Single Premium: You pay the premium only once, and the policy lasts for the chosen term.
Life Cover: Get insurance protection throughout the policy term.
Two Death Benefit Options: Choose 1.25x or 10x of the premium as the sum assured.
Guaranteed Additions: Bonuses are added to your fund after 6, 10, 15, 20, and 25 years.
Partial Withdrawals: Receive your funds after 5 years for financial needs.
Flexible Investment Options: Select from four funds based on your risk appetite.

Eligibility Criteria

Criteria	Details
Minimum Premium	₹1,25,000
Maximum Premium	No limit
Minimum Entry Age	90 days
Maximum Entry Age	70 years for 1.25x cover, 35 years for 10x cover
Policy Term	10 to 25 years
Sum Assured Options	1.25x or 10x of the premium
Lock-In Period	5 years

Detailed Benefits

1. Maturity Benefit

At the end of the policy term, the policyholder receives the Fund Value, which includes any guaranteed additions and market returns.

2. Death Benefit

The nominee receives the higher of:

Sum Assured minus withdrawals in the last 2 years.
Fund Value.
105% of the total premium paid.

3. Guaranteed Additions

Guaranteed bonuses are added to your fund at specific milestones:

Policy Year	Guaranteed Addition (% of Premium)
6	3%
10	4%
15	5%
20	6%
25	7%

4. Partial Withdrawals

You can withdraw the funds after the 5th policy year to meet financial needs:

Years 6–10: Up to 15% of the fund value.
Years 11–15: Up to 20%.
Years 16–20: Up to 25%.
Years 21–25: Up to 30%.

5. Fund Options

You can choose one of four funds:

Fund Type	Objective	Risk Level
Bond Fund	Safe investments in bonds.	Low Risk
Secured Fund	Balanced income with steady growth.	Low-Medium Risk
Balanced Fund	Equal growth and income potential.	Medium Risk
Growth Fund	High returns through equities.	High Risk

Charges Under LIC’s Nivesh Plus

Charge Type	Details
Premium Allocation	3.3% (offline) or 1.5% (online)
Fund Management	1.35% p.a.
Partial Withdrawal	₹100 per withdrawal
Switching Between Funds	4 free switches/year, then ₹100/switch

Year-Wise Illustration

Let’s understand the potential growth of the policy with an example:

Example Scenario:

Premium Paid: ₹2,00,000 (single premium).
Policy Term: 20 years.
Sum Assured: ₹2,50,000 (1.25x cover) or ₹20,00,000 (10x cover).
Fund Type: Balanced Fund.

Year	Fund Value @ 4% (₹)	Fund Value @ 8% (₹)	Guaranteed Additions (₹)	Death Benefit (₹)
1	2,04,000	2,08,000	0	2,50,000
2	2,08,160	2,17,280	0	2,50,000
3	2,16,486	2,36,710	0	2,50,000
4	2,25,145	2,56,646	0	2,50,000
5	2,34,151	2,77,127	0	2,50,000
6	2,42,544	2,96,800	6,000	2,96,800
7	2,50,597	3,18,624	0	3,18,624
8	2,58,615	3,41,178	0	3,41,178
9	2,67,001	3,64,496	0	3,64,496
10	2,75,682	3,88,610	8,000	3,88,610

Note: Returns depend on market performance and are not guaranteed.

Why Choose LIC’s Nivesh Plus Plan?

You will get both insurance and investment benefits.
The policy allows flexibility with partial withdrawals and fund switches.
It provides guaranteed additions to boost your returns.
Backed by LIC’s reliable brand and decades of expertise.

How to Buy the Policy?

Offline: Contact an LIC agent or visit the nearest LIC branch.
Online: Purchase directly on LIC’s official website for lower charges.

Conclusion

You will find LIC’s Nivesh Plus Plan a perfect solution for securing your financial future and growing your wealth. You can use this plan to protect your family’s financial interests and plan for your retirement with confidence.

Important Terms for LIC Nivesh Plus Plan

Unit-Linked Insurance Plan (ULIP):
- This is a plan that combines insurance with investment. Premiums are invested in market-linked funds (equity, debt, or a mix).
Fund Value:
- The current value of your investments in the chosen funds.
- Formula: Fund Value = Number of Units × Current NAV (Net Asset Value).
Net Asset Value (NAV):
- The market price of each unit in your chosen fund. NAV fluctuates daily based on market performance.
Partial Withdrawal:
- You can withdraw a portion of your fund value after a 5-year lock-in period.
Guaranteed Additions:
- Bonuses are added at specific intervals (6, 10, 15, 20, and 25 years) to boost your fund value.
Death Benefit:
- The nominee receives the higher of:
  - Sum Assured.
  - Fund Value.
  - 105% of the total premiums paid.
Maturity Benefit:
- At the end of the policy term, the policyholder receives the Fund Value along with any loyalty additions.
Fund Options:
- Choose from 4 options: Growth Fund, Balanced Fund, Secured Fund, and Bond Fund, depending on your risk appetite.
Settlement Option:
- An alternative to receiving the maturity or death benefit as a lump sum amount which can be paid in instalments over 5 years.
Switching Between Funds:
- You can change your chosen fund up to 4 times a year for free.