The LIC Nivesh Plus Plan-749 Features, Return, Eligibility, Premium Calculator is a unique Unit-Linked, Non-Participating, Single Premium Insurance Plan designed to provide the dual benefits of life insurance and market-linked investments. It allows policyholders to safeguard their family’s financial future while leveraging market growth for wealth creation. Check its Features, Return, Eligibility, Premium Calculator
LIC Nivesh Plus Returns Calculator
Key Features of LIC Nivesh Plus Plan-749
- Single Premium Payment: Pay the premium once and enjoy coverage throughout the policy term.
- Flexible Investment Options: Choose from four fund types—Bond Fund, Secured Fund, Balanced Fund, and Growth Fund—based on your risk appetite.
- Guaranteed Additions: Enhance your fund value with guaranteed additions at regular intervals.
- Death and Maturity Benefits: Offers financial security to your family and ensures a lump sum at maturity.
- Partial Withdrawals: Access your funds after the mandatory 5-year lock-in period for financial emergencies.
- Rider Options: Enhance coverage with the Linked Accidental Death Benefit Rider.
- Market-Linked Growth: Opportunity to grow your investments with market returns while maintaining a life cover.
Benefits of LIC Nivesh Plus Plan-749
1. Death Benefit
- Before Risk Commencement: Refund of Unit Fund Value.
- After Risk Commencement: The higher of:
- Basic Sum Assured (reduced by partial withdrawals in the last 2 years), or
- Unit Fund Value, or
- 105% of the Single Premium Paid.
Nominees may opt to receive the death benefit as a lump sum or in installments over five years.
2. Maturity Benefit
On surviving the policy term, the fund value based on the prevailing NAV is paid.
3. Guaranteed Additions
- Guaranteed Additions are credited as a percentage of the single premium at specific intervals:
| Policy Year | Percentage of Premium |
|---|---|
| 6 | 3% |
| 10 | 4% |
| 15 | 5% |
| 20 | 6% |
| 25 | 7% |
These additions enhance the overall fund value.
4. Investment Flexibility
Policyholders can switch between the four available funds at any time, based on changing financial goals or market performance.
Eligibility and Plan Details
| Criteria | Details |
|---|---|
| Minimum Entry Age | 90 days |
| Maximum Entry Age | 70 years (Option 1), 35 years (Option 2) |
| Policy Term | 10 to 25 years |
| Sum Assured Options | 1.25x or 10x of Single Premium |
| Minimum Single Premium | ₹1,00,000 |
| Premium Payment Mode | Single Premium only |
Fund Options
| Fund Type | Objective | Risk Level |
|---|---|---|
| Bond Fund | Low-risk option for steady income. | Low |
| Secured Fund | Balanced approach with partial equity exposure. | Medium |
| Balanced Fund | Mix of equity and fixed-income investments. | Medium |
| Growth Fund | High equity exposure for long-term growth. | High |
Charges Under LIC Nivesh Plus Plan-749
- Premium Allocation Charge: 3.3% for offline sales; 1.5% for online sales.
- Fund Management Charge: 1.35% annually for all funds.
- Mortality Charges: Based on age and sum at risk.
- Switching and Partial Withdrawal Charges: First four switches are free; ₹100 for subsequent switches.
How to Apply for LIC Nivesh Plus Plan-749
- Eligibility Check: Verify your age and premium requirements.
- Choose Investment Options: Select your fund type and risk level.
- Submit Documents: Provide ID proof, address proof, and a filled application form.
- Pay the Premium: Make a single payment to activate the policy.
- Receive Confirmation: Get the policy bond and start enjoying benefits.
How to Buy LIC Nivesh Plus Plan-749 Online?
Follow these simple steps to buy your LIC Nivesh Plus Policy through Policybazaar:
- Enter Personal Details: Provide your name and contact number in the form on the page. Click the “View Plans” button to proceed.
- Specify Investment Preferences: Enter the investment amount and select the policy tenure as per your requirement.
- Choose LIC Nivesh Plus: Select the LIC Nivesh Plus option and fill in all necessary details, including your age, contact information, and premium payment mode.
- Review Your Details: Carefully verify the information provided before proceeding to the next step.
- Make Payment: Complete the payment online. Your policy documents will be emailed to your registered email address.
Exclusions in LIC Nivesh Plus Plan-749
The LIC Nivesh Plus Plan does not cover the following:
- Suicide Clause:
- If the policyholder commits suicide within 12 months of the policy commencement date, only the Unit Fund Value will be payable to the nominee or beneficiary.
- A death certificate is mandatory to process the claim.
- The policy (LIC Nivesh Plus Plan 749) will be terminated, and no further claims will be entertained.
- Adjustments to Fund Value:
- Any charges, except Fund Management Charges, deducted after the policyholder’s death will be added back to the Fund Value.
- Any Guaranteed Additions credited after the date of death will be deducted from the Unit Fund.
FAQs
1. What is the lock-in period for LIC Nivesh Plus?
The lock-in period is 5 years, during which partial withdrawals are not permitted.
2. Can I switch funds during the policy term?
Yes, you can switch funds up to four times a year without additional charges.
3. Is the policy market-linked?
Yes, returns are linked to the performance of the chosen fund and are not guaranteed.
4. What happens if I surrender the policy early?
If surrendered during the lock-in period, the fund value minus charges is transferred to the Discontinued Policy Fund, payable after 5 years.
5. Are loans allowed under this plan?
No, loans are not available under LIC Nivesh Plus.
Conclusion
LIC Nivesh Plus Plan-749 is a powerful investment tool for individuals seeking life coverage alongside market-linked wealth creation. With its guaranteed additions, fund flexibility, and death benefits, the plan ensures financial security while offering growth opportunities. Whether for long-term goals or ensuring family stability, LIC Nivesh Plus provides the perfect balance of security and growth.
Hi there, I am Deepam Mishra full time Blogger & Local SEO Expert. I would love to create websites and different niches blogs. With over 3+ Years of experience in Web Development and Local SEO i helped & Support so many Business.