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LIC's Nivesh Plus

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LIC's Nivesh Plus (Plan No. 849) is a unit-linked, non-participating, single premium individual life insurance plan that combines life insurance coverage with investment opportunities. It allows policyholders to invest in various funds based on their risk appetite while providing life cover throughout the policy term.

🔍 Key Features

  • Plan Type: Unit Linked, Non-Participating, Single Premium, Individual Life Insurance Plan.

  • Premium Payment: Single premium payment at policy inception.

  • Sum Assured Options:

    • Option 1: 1.25 times the single premium.

    • Option 2: 10 times the single premium. 

  • Policy Term:

    • Option 1: 10 to 25 years.

    • Option 2:

      • Entry age up to 25 years: 10 to 25 years.

      • Entry age 26 to 30 years: 10 to 20 years.

      • Entry age 31 to 35 years: 10 years.

  • Investment Funds: Choice among four funds—Bond Fund, Secured Fund, Balanced Fund, and Growth Fund—based on risk appetite.

  • Fund Switching: Policyholders can switch between funds during the policy term.

  • Guaranteed Additions: Added to the Unit Fund at specified policy durations as a percentage of the single premium.

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