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LIC Nivesh Plus (849) is a single premium, unit-linked, non-participating life insurance plan that offers both insurance and investment under a single integrated plan.
Great returns comes from good investment decisions...
THIS PLAN ENSURES THAT YOUR INVESTMENT GROWS OVER TIME WHILE PROVIDING LIFE COVER TO SECURE YOUR LOVED ONES’ FUTURE.
LIC’s Nivesh Plus (849) plan is designed to provide a perfect blend of insurance and investment.
The LIC Nivesh Plus Plan offers dual benefits of insurance and investment both into the same plan.
This plan launched by LIC includes several before benefits single-Premium and attractive features for individuals of all age groups. Nivesh Plus Plan LIC offers death benefits if the life assured loses his life and provides a maturity benefit when the insured person survives the plan.
Apart from the other features, a major benefit that comes with the LIC Nivesh plus plan is that this policy can be bought online without any hassles.
Learn more about plan
Benefits of LIC Nivesh Plus
Life Cover : Provides financial security to your family in case of
an unfortunate event.
Wealth Creation: Invest in a fund of your choice to grow your money over the policy term.
Tax Benefits: Enjoy tax benefits under Section 80C and Section 10(10D) of the Income Tax Act.
Liquidity: Partial withdrawals offer liquidity to meet emergency needs.
Guaranteed additions under LIC Nivesh Plus Plan
LIC Nivesh Plus plan comes with a provision of guaranteed additions. The guaranteed addition based on the NAV of your selected fund will be converted and credited to your Unit Fund. The table below mentions the details of the additions:
06 Completion of the Policy year = 3% Guaranteed additions
10 Completion of the Policy year = 4% Guaranteed additions
15 Completion of the Policy year = 5% Guaranteed additions
20 Completion of the Policy year = 6% Guaranteed additions
25 Completion of the Policy year = 7% Guaranteed additions
(percentage of single premium that has been paid)
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Charges applicable
Premium allocation charge: The premium allocation charges
the policyholders need to pay are:
Offline sale: 3.30%
Online
sale: 1.50%
Mortality charge: This is charged at the beginning of each policy month which will depend on the sum at risk. This charge is
age-specific and thus the amount can vary.
Accident Benefit charges: If the policyholder has opted for LIC’s Linked Accidental Death Benefit Rider along with the base plan
he will have to pay charges as the cost of accident benefits
cover. This charge shall be collected at the beginning of each policy month by cancelling required units from the Unit Fund.
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Investment fund options in LIC Nivesh Plus Plan
It gives you 4 fund options to invest your units into.
You can even switch your units from one fund to another if you are not satisfied.
Bond Fund :: Investing in fixed income securities to provide a
safe investment option for the policyholders [Low risk].
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Secured Fund :: Investing in both fixed income
securities and equities to offer steady returns to the policy
holders [Low to moderate risk].
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Balanced Fund :: Investing in both fixed income securities and equities in equal proportion to provide growth and balanced returns to the policyholders [Moderate risk]
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Growth Fund :: Investing mostly in equities to provide
long-term capital growth to the policyholders [High-risk]