LIC Nivesh Plus Return Calculator

Understanding LIC Nivesh Plus

LIC Nivesh Plus 749 is a unit-linked insurance plan (ULIP) offered by the Life Insurance Corporation of India (LIC) that combines insurance coverage benefits and wealth creation. It allows policyholders to invest in different fund options to maximize their returns. The plan offers benefits such as life cover, flexibility to switch between funds, partial withdrawal options, and loyalty additions, making it an attractive choice for investors. Unlike term insurance, a pure protection plan designed to offer financial security to the policyholder's family in case of untimely demise, LIC Nivesh Plus combines investment and life cover to help you achieve wealth creation alongside protection.  

As an investor, evaluating the potential returns of any investment instrument before committing your hard-earned money is crucial. Thus, the LIC Nivesh Plus 749 plan calculator can help you to calculate and analyze the premiums and returns in advance.

What is LIC Nivesh Plus Return Calculator?

The LIC Nivesh plus Return Calculator is a tool provided by the Life Insurance Corporation of India to help individuals estimate the returns on their investments in LIC policies. It is an online calculator designed to give users an idea of how much they can expect to receive as returns on their investment(ROIs) over a certain period of time.

Note: Similarly, an SIP calculator can help you estimate the potential returns on your investments. It allows you to plan your investments systematically and achieve your financial goals efficiently.

Key Features of LIC Nivesh Plus Return Calculator

• Simple User Interface: LIC Nivesh Plus Return Calculator is designed to be user-friendly, enabling individuals to input relevant details effortlessly.

• Policy Details: The calculator prompts users to enter information such as the policy term, premium payment frequency, premium amount, and choice of funds.

• Fund Performance: The return calculator considers historical fund performance data to estimate potential returns. It gives users a comprehensive view of the fund's growth over time.

• Maturity Amount: Based on the inputs provided, the calculator generates an estimate of the maturity amount, which includes the sum assured, fund value, and potential bonuses.

• Projected Returns: The return calculator provides an approximate rate of return on the investment, considering the chosen policy term and fund performance.

• Flexibility: With the LIC Nivesh Plus Returns Calculator, users can experiment with different premium amounts, policy terms, and fund allocations to evaluate their impact on the maturity amount and projected returns.

What are the Benefits of Using the LIC Nivesh Plus Return Calculator?

Below are some benefits of using the LIC Nivesh Plus Return calculator. Have a look:

• Informed Decision Making: The calculator empowers investors to make well-informed decisions by providing insights into the potential returns of the LIC Nivesh Plus plan.

• Financial Planning: Using the return calculator, individuals can align their investment goals with the expected returns, allowing for effective financial planning.

• Comparisons: The calculator lets users compare various investment scenarios, helping them select the most suitable premium amount, policy term, and fund allocation.

• Risk Analysis: Users can assess the impact of market fluctuations on the potential returns by adjusting the fund allocation within the LIC Nivesh Plus return calculator.

How Does LIC Nivesh Plus Return Calculator Work?

Here are some general steps to usean LIC Nivesh Plus Returns Calculator:

Step 1: Visit the LIC official website.

Step 2: Scroll down to the section of “Coverage Calculator” and “Premium Calculator”. Click on Premium Calculator. Fill out relevant information: Typically, the calculator will ask for specific details related to your investment. It may include the investment amount, investment duration, expected rate of return, and any additional contributions or withdrawals. Enter the required information into the calculator as prompted.

Step 3: On the navigation panel, click on the drop-down menu of “Services” and then click on “Quick Quotes”.

Step 4: Fill in the basic details such as name, DOB, gender, contact, email, PIN, etc. Click on Next. You will see the options of “Quick Quote” and “Compare Quote”. Click on “Quick Quote”.

Step 5: You will be taken to “Select Product”. Here you can choose the name of your LIC policy. Check on the box next to the plan name and click on “Coverage”.

Step 6: Provide the required information and click on “ Get Illustration.” The Nivesh Plus LIC policy calculator should display the estimated returns based on your inputs.

**Note: The LIC Nivesh Plus Return Calculator is a tool LIC provides for illustrative purposes only. The results generated by the calculator should not be considered guaranteed returns, as they are subject to market conditions and other factors that may influence investment performance

Wrapping Up

The LIC Nivesh Plus Return Calculator is a valuable tool for investors considering the LIC Nivesh Plus plan. By providing estimates of the maturity amount and projected returns, this LIC nivesh plus returns calculator allows individuals to evaluate their investment's potential benefits and risks. However, it's important to note that the calculator's results are based on assumptions and historical data, and actual returns may vary. Hence, it is always advisable to consult a financial advisor before making investment decisions.

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