The Life Insurance Corporation of India (LIC), the country's largest insurer, has launched a market-linked insurance plan - LIC Nivesh Plus (Plan No. 849). This Unit Linked, Single Premium, Individual Life Insurance Plan (ULIP) offers both investment growth and life protection in one package.
It's designed for individuals who seek market-based returns, flexibility, and tax benefits, along with the security of life insurance coverage from a trusted brand like LIC.
LIC Nivesh Plus is a single premium ULIP, meaning you make a one-time investment, and the policy continues for the entire term. The amount you invest is split into life cover protection and investment in market-linked funds. The returns depend on the performance of the chosen fund options, making it a suitable plan for investors looking to grow wealth over time while maintaining insurance protection.
| Feature | Details |
|---|---|
| Plan Type | Unit Linked, Single Premium, Individual Life Insurance Plan |
| Plan Number | 849 |
| Entry Age | 0 years (90 days) to 65 years |
| Policy Term | Minimum 5 years, Maximum 25 years |
| Premium Payment | Single premium (one-time payment) |
| Minimum Premium | ₹1,00,000 |
| Maximum Premium | No limit (subject to underwriting) |
| Sum Assured Options | Option 1: 1.25 × Single Premium Option 2: 10 × Single Premium |
| Accidental Death Benefit | Optional rider available |
| Fund Options | Bond Fund, Secured Fund, Balanced Fund, Growth Fund |
| Partial Withdrawal | Allowed after 5 years |
| Switching Between Funds | Permitted (up to 4 times a year free) |
| Tax Benefits | Under Sections 80C and 10(10D) of the Income Tax Act |
Let's assume you're 30 years old and invest ₹1.5 lakh as a single premium. You select Option 2 (10× coverage) for a 25-year term.
Based on past fund performance:
At a 17% annual return, your maturity value could be around ₹64 lakh.
At the current market-linked performance (around 21%), the returns may go even higher.
This example demonstrates how long-term market-linked investments can yield significant wealth creation, while keeping your insurance cover active throughout.
Investors can choose from multiple funds based on their risk appetite and investment goals:
| Fund Name | Type | Investment Objective |
|---|---|---|
| Bond Fund | Low Risk | To provide safety of capital through investment in debt instruments. |
| Secured Fund | Moderate Risk | To balance between safety and returns. |
| Balanced Fund | Medium Risk | To achieve a mix of growth and stability. |
| Growth Fund | High Risk | To maximize long-term returns through equity investments. |
You can switch funds up to four times per policy year without charges, allowing flexibility to respond to market trends.
The policy provides life insurance coverage throughout the term, ensuring your family's financial security in case of an unfortunate event.
Your investment grows based on market performance, offering potentially higher returns than traditional insurance plans.
You can choose:
The level of life cover (Option 1 or Option 2),
The policy term (5 to 25 years),
The fund type (Bond, Balanced, or Growth).
Partial withdrawals are allowed after the lock-in period of 5 years, providing access to funds in case of emergencies.
Premiums qualify for deduction under Section 80C.
Maturity proceeds are tax-free under Section 10(10D) (subject to prevailing tax laws).
LIC Nivesh Plus is ideal for:
Young investors seeking long-term wealth creation.
Professionals who prefer a one-time investment with flexible fund options.
Parents planning for their child's future needs.
Individuals looking for tax-efficient, market-linked returns with insurance protection.
The plan can be purchased:
Online via the official LIC India website, or
Offline through any LIC branch or authorized agent.
The online version of the plan is identical in benefits but allows direct purchase from the comfort of your home.
Financial planners recommend LIC Nivesh Plus for those who:
Want to participate in equity markets through a regulated, insurance-backed product.
Prefer single premium ULIPs over long-term recurring premium commitments.
Are comfortable with market-linked volatility in exchange for higher potential growth.
LIC Nivesh Plus (Plan 849) bridges the gap between investment and protection. With flexible terms, diverse fund options, and strong returns potential, it's an excellent choice for those looking to build wealth while safeguarding their family's future.
If you want tax-free market returns, life cover, and investment flexibility, LIC Nivesh Plus is a plan worth considering.
For more details or to apply online, visit the official LIC website or contact your nearest LIC branch.