Context:
Life Insurance Corporation of India (LIC) launched two new non-linked, non-participating endowment insurance plans effective July 4, 2025:
- Nav Jeevan Shree Regular Premium Plan (Plan 912)
- Nav Jeevan Shree Single Premium Plan (Plan 911)
These plans offer guaranteed returns and insurance protection, tailored to suit a range of financial planning goals.
Plan 912 – Nav Jeevan Shree (Regular Premium)
- Type: Limited premium endowment plan
- Premium Payment Terms: 6, 8, 10, or 12 years
- Policy Term: 10 to 20 years
- Guaranteed Additions: 8.5% to 9.5% of annual premium based on term
- Entry Age: 30 days to 60 years
- Minimum Sum Assured: ₹5 lakh (no maximum limit, subject to underwriting)
Key Features:
- Suitable for long-term financial planning
- Provides both life cover and savings
- Guaranteed returns enhance maturity benefit
Plan 911 – Nav Jeevan Shree (Single Premium)
- Type: Single premium endowment plan
- Premium Payment Mode: One-time lump sum
- Policy Term: 5 to 20 years
- Guaranteed Additions: ₹85 per ₹1,000 sum assured per year
- Entry Age:
- Option I: 30 days to 60 years
- Option II: 30 days to 40 years
- Minimum Sum Assured: ₹1 lakh
Key Features:
- Ideal for investors with surplus funds
- Fixed guaranteed additions annually
- Life cover throughout policy term
