LIC Bima Nivesh Insurance Plan

In today’s life, in order to keep pace with our changing lifestyles, our financial needs have increased manifold. In order to achieve our financial goals and fulfill our requirements, we need to plan wisely. Investing in a life insurance plan is an integral part of a successful retirement planning. Hence, having a life insurance plan has become a necessity rather than a choice.

Read more
LIC Plans-
Buy LIC policy online hassle free
Tax saving under Sec 80C & 10(10D)^
Guaranteed maturity with life cover for securing family's future
Sovereign guarantee as per Sec 37 of LIC Act
LIC life insurance
We are rated~
rating
6.7 Crore
Registered Consumers
51
Insurance Partners
3.4 Crore
Policies Sold
Now Available on Policybazaar
Grow wealth through
100% Guaranteed Returns with LIC
+91
Secure
We don’t spam
View Plans
Please wait. We Are Processing..
Your personal information is secure with us
Plans available only for people of Indian origin By clicking on ''View Plans'' you, agreed to our Privacy Policy and Terms of use #For a 55 year on investment of 20Lacs Tax benefit is subject to changes in tax laws
Get Updates on WhatsApp
We are rated~
rating
6.7 Crore
Registered Consumers
51
Insurance Partners
3.4 Crore
Policies Sold

To cope with the growing needs of the insurance seekers, The Life Insurance Corporation of India has come up with Bima Nivesh Insurance policy. LIC Bima Nivesh Insurance policy is a single-premium traditional endowment plan. As it is a non-participating plan, Bima Nivesh does not offer any bonus facilities.

How the Plan Works

As it is a single premium endowment plan , the one-time premium is needed to be paid up front. In case of premature demise of the insured within the tenure of the policy, the beneficiary would receive the sum assured amount plus guaranteed additions. Moreover, if the insured survives during the entire tenure of the policy, then he/she would receive the basic sum assured along with the guaranteed loyalty additions.

If you want a good return on investment and a substantial life cover, without getting into the hassles of paying premiums at regular intervals, then an endowment plan will be your best bet. LIC Bima Nivesh, hence, is a great option for you as it offers guaranteed returns along with life coverage. 

Key Features of LIC Bima Nivesh

  • LIC Bima Nivesh is a single premium endowment plan.
  • The premiums do not depend on the age of the insured.
  • The death benefit offered to the nominee is the sum assured+ accrued guaranteed addition till the date of death.
  • In case of survival of the insured, the maturity benefits paid is the basic sum assured + compounded guaranteed addition + loyalty addition, if any.
  • Through term benefit rider, the plan provides optional higher cover.
  • This plan offers the compound rate of guaranteed additions and loyalty additions.
  • For the basic plan, no medical test is required. 

Benefits of LIC Nivesh Plan

Death Benefit

In case the policyholder dies during the tenure of the policy, then the nominee of the policy receives the basic sum assured + accrued guaranteed additions.

Maturity Benefit

If the policyholder survives during the entire tenure of the policy till the date of policy maturity, then maturity benefits are paid to the life insured as the basic sum assured + compounded guaranteed addition+ loyalty addition.

Income Tax Benefit

The plan also provides income tax benefits to the insured. The life insured can save bundles on their tax under section 80C and 10(10D) of Income Tax Act on the premium paid and maturity proceeds.

The eligibility criteria of the plan are pretty simple and for the understanding of our customers, we have shown the eligibility criteria in a tabular form below:

 

Minimum

Maximum

Sum Assured

25,000

No Limits

Tenure of Policy

5

10

Tenure of Premium Payment

Single

Age of entry of policyholder

13

70

Age of Maturity

-

75

Payments Modes

Only Single


Along with the basic life cover, the plan can also provide add-on benefit as term benefit rider. The plan also offers guaranteed surrender value after 1 policy year. According to your choice and suitability, the insured can also avail loan facility under the plan.

Apart from all these, the policyholder has an option of the free-look period under which he/she can cancel the policy within 15 days of buying the policy if they are not pleased with the terms and conditions of the policy.

Although LIC Bima Nivesh policy has been discontinued now, this is a very beneficial policy from the investment point of view and is profitable for those who had already invested in this plan. In order to achieve your financial goals, you can compare different plans online and choose the most beneficial plan according to your own affordability. 

More Useful Resources

LIC Online Services

LIC Investment Plans

LIC Other Plans

LIC Policy Status Check Online

LIC Jeevan Umang

LIC Term Plans

LIC Online Premium Payment

LIC Jeevan Lakshya

LIC Pension Plans

LIC Online Registration

LIC Money Back

LIC ULIP Plans

LIC Online Login Portal

LIC New Jeevan Anand

LIC Child Plans

LIC Premium Calculator

LIC New Endowment Policy

LIC One Time Investment Plan

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
^Trad plans with a premium above 5 lakhs would be taxed as per applicable tax slabs post 31st march 2023
+Returns Since Inception of LIC Growth Fund
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
++Returns are 10 years returns of Nifty 100 Index benchmark

LIC of India
LIC Plans
LIC Jeevan Utsav
LIC Jeevan Kiran
LIC Dhan Vriddhi
LIC Monthly Investment Plans
LIC Jeevan Azad
LIC 1 Crore Endowment Plans
LIC Jeevan Labh 1 Crore
LIC Crorepati Plan
LIC Dhan Varsha - Plan No. 866
LIC Pension Plus Plan
LIC New Jeevan Shanti
LIC Bima Ratna
LIC Group Plans
LIC Fixed Deposit Monthly Income Plan
LIC Savings Plans
LIC’s New Jeevan Anand
LIC New Jeevan Anand Plan 915
LIC's Saral Jeevan Bima
LIC's Dhan Rekha
LIC Jeevan Labh 836
LIC Jeevan Jyoti Bima Yojana
LIC Child Plans Single Premium
LIC Child Plan Fixed Deposit
LIC Jeevan Akshay VII
LIC Yearly Plan
LIC Bima Jyoti (Plan 860)
LIC’s New Bima Bachat Plan 916
LIC Bachat Plus Plan 861
LIC Policy for Girl Child in India
LIC Samriddhi Plus
LIC New Janaraksha Plan
LIC Nivesh Plus
LIC Policy for Women 2024
LIC Plans for 15 years
LIC Jeevan Shree
LIC Jeevan Chhaya
LIC Jeevan Vriddhi
LIC Jeevan Saathi
LIC Jeevan Rekha
LIC Jeevan Pramukh
LIC Jeevan Dhara
LIC Money Plus
LIC Micro Bachat Policy
LIC Endowment Plus Plan
LIC Endowment Assurance Policy
LIC Bhagya Lakshmi Plan
LIC Bima Diamond
LIC Anmol Jeevan
LIC Bima Shree (Plan No. 948)
LIC Jeevan Saathi Plus
LIC Jeevan Shiromani Plan
LIC Annuity Plans
LIC Jeevan Akshay VII Plan
LIC SIIP Plan (Plan no. 852) 2024
LIC Jeevan Umang Plan
LIC Jeevan Shanti Plan
LIC Online Premium Payment
LIC Jeevan Labh Policy-936
LIC Money Plus Plan
LIC Komal Jeevan Plan
LIC Jeevan Tarang Plan
LIC Bima Bachat Plan
LIC’s New Money Back Plan-25 years
LIC Money Back Plan 20 years
LIC Limited Premium Endowment Plan
LIC Jeevan Rakshak Plan
LIC New Jeevan Anand (Previously LIC Plan 149)
LIC New Endowment Plan
LIC Varishtha Pension Bima Yojana
LIC Investment Plans
LIC Pension Plans
Show More Plans
LIC Calculator
  • One time
  • Monthly
/ Year
Sensex has given 10% return from 2010 - 2020
You invest
You get
View plans
top
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL