LIC Nav Jeevan Shree & Nav Jeevan Shree Single Premium Plans Launched: What You Need to Know

India’s largest insurer, Life Insurance Corporation of India (LIC), has introduced two new insurance-cum-savings plans designed to offer guaranteed returns along with life cover. On July 4, 2025, LIC’s CEO & MD (In-Charge), Sat Pal Bhanoo, officially announced the launch of:

LIC Nav Jeevan Shree (Plan No. 912)
LIC Nav Jeevan Shree Single Premium (Plan No. 911)

These plans are structured to serve both young earners aiming for long-term financial planning and individuals who prefer a one-time premium payment with stable returns.

Quick Comparison: Two Plans, Two Investment Styles

Feature	Nav Jeevan Shree (Plan 912)	Nav Jeevan Shree Single Premium (Plan 911)
Premium Type	Regular premium (monthly/quarterly/annually)	One-time single premium payment
Ideal For	Young earners, salaried individuals	Retirees, lump sum investors
Life Cover	Yes	Yes
Guaranteed Additions	Yes (throughout policy term)	Yes (one-time benefit included)
Investment Goal	Long-term savings + protection	Corpus building + peace of mind
UIN	512N387V01	512N390V01
Policy Term	Varies based on age and plan	Varies based on single premium age limit
Loan Facility	Available (after lock-in)	Available (after lock-in)

What Makes These Plans Different?

1. Guaranteed Additions Throughout the Term

Both plans come with guaranteed additions, which means a fixed amount will be added to your policy at specific intervals—regardless of market fluctuations. This makes them ideal in uncertain economic environments and a great fit for risk-averse investors.

2. Flexibility in Premium Payments

Plan 912 lets you choose how frequently you want to pay – monthly, quarterly, half-yearly, or annually.
Plan 911 requires just a one-time payment, making it suitable for those who want to park idle funds for long-term returns.

Who Should Consider These Plans?

These plans cater to two distinct financial mindsets:

Young Professionals & Families (Plan 912): If you’re looking to balance protection and wealth creation, and prefer spreading your premiums across years while accumulating guaranteed savings for goals like education, retirement, or home purchase.
Lump Sum Investors & Retirees (Plan 911): If you have a surplus amount—perhaps from retirement benefits, FD maturity, or real estate sale—and want stable growth with life cover, the single premium option is perfect.

Additional Features Worth Noting

Loan Facility: You can avail of loans against the policy after a certain lock-in period, providing liquidity in emergencies.
Tax Benefits: Premiums are eligible for Section 80C deductions, and maturity proceeds may be exempt under Section 10(10D) (as per prevailing tax rules).
Maturity Benefits: You get the sum assured + guaranteed additions at the end of the policy term.
Death Benefit: In case of unfortunate demise during the policy term, the nominee receives the sum assured on death + guaranteed additions, ensuring family security.

Sample Illustration (Indicative Only)

Age	Plan Type	Premium Paid	Policy Term	Maturity Value (Est.)
30	Regular (912)	₹50,000/year	20 years	₹14–15 Lakhs approx.
45	Single Premium (911)	₹5 Lakhs (one-time)	15 years	₹11–12 Lakhs approx.

Note: The actual benefits depend on age, premium amount, and LIC’s detailed product brochure.

Final Thoughts: Why This Launch Matters

LIC continues to focus on safe, dependable, and guaranteed-return insurance solutions for a changing India. With these two plans, it has widened its portfolio to include both traditional savers and those preferring one-time investments.

If you want to secure your future or your family’s financial well-being without worrying about market risks, Nav Jeevan Shree (912) and Nav Jeevan Shree Single Premium (911) are smart additions to your portfolio.

How to Buy?

You can buy these plans through:

Your nearest LIC branch
Official LIC website –www.licindia.in

Licensed LIC agents or advisors

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LIC Nav Jeevan Shree & Nav Jeevan Shree Single Premium Plans