Review of LIC Nivesh Plus Plan

In 2021, Mrs Geeta Sarkar invested in the LIC Nivesh Plus Plan 749 to secure her family's financial stability in case of her unfortunate demise. This unit-linked insurance policy not only provides financial protection for her and her family but also assists in achieving long-term future objectives.

Let us explore more about the LIC Nivesh Plus Plan 749 and understand why Mrs. Geeta chose to buy this plan.

Inside the Plan!

• The LIC Nivesh Plus plan is a non-par, single-premium, Unit-Linked Investment plan.

• It combines life cover with an investment component.

• With this LIC single premium policy, you can get life cover of either 1.25x or 10x your premium

• LIC Nivesh Plus has a 5-year lock-in period.

• The Nivesh Plus plan is one of those LIC single premium plans in which customers can choose from Growth, Balanced, Secured, and Bond funds.

• The LIC Nivesh Plus plan (749) is a good option for someone who wants insurance and investment components in a single plan. For someone who prefers separate financial options for savings/wealth creation and life cover, there are other LIC of India plans that are more suitable.

About LIC Nivesh Plus Plan 749

The Nivesh Plus Plan offered by the LIC of India is a unit-linked, single-premium plan that offers the dual benefits of insurance and investment. The plan secures your and your family’s financial needs and also provides several benefits to the policyholders at affordable rates. It comes with the LIC Accidental Death Benefit Rider (ADB), which provides the accident benefit sum assured in a lump sum, along with the death benefit under the base plan if the policyholder dies from an accident.

In this LIC Unit-linked plan, you receive Guaranteed Additions at specific milestones. (6th year: 3%, 10th year: 4%, 15th year: 5%, 20th year: 6%, and 25th year: 7%). If the policyholder survives the policy term, the policy will mature, and the total unit fund value will be paid out. The total unit fund value is calculated using Net Asset Value (NAV).

Benefits of LIC Nivesh Plus Plan

Below-mentioned are some of the benefits a policyholder can avail under the Nivesh Plus Single Premium LIC policy:

Death Benefit
In case the policyholder dies during the policy tenure before the risk commencement begins, the nominee of the policy will receive an amount equal to the Unit Fund Value.
If the policyholder dies after the date of risk commencement, the nominee of the policy will receive an amount that is higher than either the Basic Sum Assured or Unit Fund Value.

Maturity Benefit
If the policyholder survives till the maturity date of the policy, a sum equal to the Unit Fund Value will be payable to him

Guaranteed Additions
The Nivesh Plus LIC single premium plan offers a fixed % of the Single Premium amount which keeps getting added to the Unit Fund once the policy has completed a specific number of years. The guaranteed additions are as follows:

• At the end of 6 years – 3%

• At the end of 10 years – 4%

• At the end of 15 years – 5%

• At the end of 20 years – 6%

• At the end of 25 years – 7%

Rider Benefit
One can avail enhanced coverage by adding LIC Accidental Death Benefit Rider, provided, the plan has an outstanding term of 5 years. One can add this rider to their base policy by paying additional premiums.

Partial Withdrawals
The plan allows the policyholder to partially withdraw funds any time after the fifth policy anniversary.

Fund Switching
Nivesh Plus LIC allows the policyholder to switch between four different types of funds. In case a policyholder makes a switch to a new fund then the entire Fund Value will be transferred to the new fund. You will get 4 free switches per year, and you will be charged ₹100 for each additional switch. The 4 funds are:

• Growth Fund (High Risk)

• Balanced Fund (Medium Risk)

• Secured Fund (Lower to Medium Risk)

• Bond Fund (Low Risk)

Who is Eligible to Buy the LIC Nivesh Plus Plan?

Who Should Consider Buying LIC Nivesh Plan?

• Individuals with a lump sum of at least ₹1.25 lakh seeking a one-time, single-premium investment plan

• Investors who want market-linked growth combined with a life insurance cover under one plan

• People comfortable with a 5-year lock-in period and a long-term horizon of 10 to 25 years

• Those who want flexibility to choose their risk level across Bond, Secured, Balanced, or Growth funds

• Parents or guardians looking to start a savings-cum-protection plan in a minor's name

Who Should Avoid Buying LIC Nivesh Plus Plan?

• Individuals who may need access to their funds within the first 5 years, since no withdrawal or surrender is allowed during the lock-in period

• Those looking for a pure protection plan with high life cover at low cost, since the death benefit here is comparatively low and the focus is on savings, not insurance

• People who prefer guaranteed, fixed returns, since this is a market-linked plan where the investment risk is entirely borne by the policyholder

• Anyone unable to pay a single lump sum upfront, since the plan only accepts single premium payments with no regular or instalment option

• Individuals who may need a loan against their policy, since LIC Nivesh Plus does not offer any loan facility

Policybazaar’s Honest Take on LIC Nivesh Plus Plan

LIC Nivesh Plus is a solid choice for someone sitting on a lump sum of ₹1.25 lakh or more who wants their money working across market-linked funds, backed by the trust of LIC, with the added comfort of Guaranteed Additions kicking in at years 6, 10, 15, 20, and 25.

It suits investors with a clear 10 to 25 year horizon who are comfortable letting their investment grow steadily through one of four fund options tailored to different risk appetites.

As with any unit-linked plan, it works best when paired with a separate term insurance policy for primary life cover, since Nivesh Plus is designed first as a savings and wealth-building tool with insurance as a complementary feature.

For investors who match this profile, patient, lump-sum ready, and already protected elsewhere, Nivesh Plus is a dependable addition to a long-term financial plan.

LIC Nivesh Plan Review: Is it Worth it?

The LIC Nivesh Plus Plan is a Unit Linked Insurance Plan which is designed to offer the dual benefits of both life protection and investment under the same plan. The plan is fully loaded with numerous benefits and features for individuals of all age groups.

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