Review of LIC Nivesh Plus Plan

I have recently invested my money in LIC’s Nivesh Plus Plan. It is a ULIP plan which I am sure will secure my family’s financial needs at every step. The plan not only protects the financial future but also offers several benefits throughout the policy term. By Mrs. Geeta Sarkar 

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In 2021, Mrs Geeta Sarkar invested in the LIC Nivesh Plus Plan 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 and understand why Mrs. Geeta chose to buy this plan.

Nivesh Plus Plan offered by the LIC of India is a unit-linked, single premium plan where the policyholder needs to make a lump sum premium payment. The plan offers the dual benefits of insurance and investment. Not only does the plan secure your and your family’s financial needs but also provides several benefits to the policyholders at affordable rates.

Benefits of LIC Nivesh Plus Plan

Below-mentioned are some of the benefits a policyholder can avail under the plan:

  1. 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.

  2. 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

  3. Guaranteed Additions

    The 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%

  4. 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.

  5. Partial Withdrawals

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

  6. 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.

Who is Eligible to Buy the LIC Nivesh Plus Plan?

Parameters Minimum Maximum
Entry Age 90 Days (completed) for Option 1 and 2 70 years (nearer birthday) for Option 1. 35 years (nearer birthday) for Option 2.
Maturity Age 18 years 85 years
Sum Assured Under Option 1: 1.25 times of the single premium Under Option 2: 10 times of the single premium
Policy Term Option 1 – If Basic Sum Assured is 1.25 X Single-Premium, the policy term is 10-25 years. 
Option 2 - If Basic Sum Assured is 10 X Single Premium
  • For the age of entry up to 25 years, the policy term is 10 – 25 years
  • For the age of entry up to 26-30 years, the policy term is 10 – 20 years
  • For the age of entry up to 31-35 years, the policy term is 10 years
Premium Paying Mode Single Premium only

Summing it up

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. 


  • Q: What is the LIC Nives Plus Policy?

    Ans: LIC Nivesh Plus is a unit-linked insurance plan that combines life insurance coverage with investment opportunities. Policyholders pay premiums, a portion of which is allocated to investment funds based on their risk preferences. The invested funds aim to generate returns over the policy term. Policyholders can choose from various investment funds and have the flexibility to switch between them. In case of unfortunate events like death or disability, the plan provides financial protection to the policyholder's family.
  • Q: How can I check the returns I will receive on my LIC Nivesh Plus policy?

    Ans: You can easily check the returns on your LIC Nivesh Plus policy by using the LIC Nivesh Plus return calculator. This user-friendly tool allows you to put relevant details such as premium amount, policy term, and preferred investment funds. The calculator then provides an estimate of the potential returns based on your inputs, helping you make informed decisions about your financial future.
  • Q: Can I avail loan against the LIC Nivesh Plus Policy?

    Ans: No, the LIC Nivesh Plus plan does not offer a loan facility to policyholders

*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:-
++Returns are 10 years returns of Nifty 100 Index benchmark

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