LIC’s Nivesh Plus
LIC’s Nivesh Plus is a non-linked, non-participating, individual savings life insurance plan designed to provide guaranteed maturity benefits along with life cover. Offered by the Life Insurance Corporation of India (LIC), this plan reflects the traditional values, financial discipline, and government-backed security that LIC is known for.
Plan Overview
LIC’s Nivesh Plus is structured to meet the needs of individuals seeking capital protection, predictable returns, and disciplined long-term savings. The plan provides a combination of savings and insurance, ensuring that the policyholder’s financial goals are supported while offering security to their family.
Key Features
Guaranteed Maturity Benefit
Assured returns payable on survival till maturity.
Single Premium Option
Convenient one-time premium payment.
Life Cover Protection
Financial security for family in case of death.
Government-Backed Assurance
Issued by LIC under IRDAI regulations.
Eligibility Conditions
- Minimum and maximum entry age as specified by LIC
- Single premium payment at inception
- Policy term defined at commencement
- Medical underwriting as per LIC norms
Premium & Benefits Structure
| Parameter | Description |
|---|---|
| Premium Type | Single Premium |
| Maturity Benefit | Guaranteed Sum Assured |
| Death Benefit | Higher of Sum Assured or premium conditions |
| Loan Facility | Available as per LIC rules |
Important Investor Guidance
Long-Term Commitment
Nivesh Plus suits investors with stable surplus funds.
Capital Protection Focus
Ideal for conservative investment strategies.
Tax Planning
Benefits subject to prevailing Income Tax laws.
Regulatory Oversight
Governed by IRDAI and LIC governance standards.
Need Assistance?
For personalized premium calculations, eligibility verification, or policy servicing, contact an authorized LIC advisor.