Nivesh Plus LIC 749 (निवेश प्लस) Single Premium ULIP Policy
The Perfect Plan for Secure and Growing Investments
When it comes to long-term one time single investment like Fixed Deposit financial planning, LICNivesh Plus Policy (निवेश प्लस) ULIP Plan Table No. 749, is an ideal choice. The plan is effective from November 1, 2024. Unit Linked Insurance Policy (ULIP) means combining insurance coverage with Market-linked returns, this plan is perfect for families and professionals across India. Whether you are looking for a stable Single premium investment or one time investment like Bank Fixed Deposit (FD) or want to secure your family's future, LIC of India Nivesh Plus 749 (निवेश प्लस 749) offers the perfect solution with great combination of Investment and Risk Cover with the option of Partial Withdrawable like SWP (Systematic Withdrawable Plan).
In India, where families continuously strive for stability and growth, Plan like Nivesh Plus Policy of LIC (Life Insurance Corporation of India) has been a game-changer. Let’s explore why this plan is unique, how it compares to other financial products.
Let’s break down the Nivesh Plus plan, its key features, benefits, eligibility, premium details, fund performance, average return, maturity benefits, commission details, tax benefits, plan presentation, is it better than bank FD?, why should you invest?, and how it compares with other financial products.
And who better to guide you than Amit Jain, a trusted LIC agent of Branch 12D, in Delhi, known for his personalized approach and expertise?
Let’s explore how LIC's Nivesh Plus ULIP Plan can transform your financial future and how Amit can help you make the most of it.
What is Nivesh Plus LIC Policy 749 (निवेश प्लस -749)?
Nivesh Plus Plan is a single premium one time, non-participating ULIP product of LIC of India whose Table number is 749 and its UIN No is 512L317V02 with minimum investment of Rs.1,25,000 means you have to pay once and enjoy long time market linked benefits. It combines the security of insurance with the opportunity for wealth creation through investments in a variety of funds which can be switch as per your choice. This plan provides flexibility, tax benefits, risk cover, investment, partial withdrawable, multiple options for sum assured, and guaranteed additions that boost your investment over time.
LIC's Nivesh Plus is a Non-Par, Linked, Life, Individual Single Premium, Insurance plan which offers insurance cum savings & investment during the term of the policy.
The Proposer can choose the amount of Single Premium he/she desires to pay and has the flexibility to choose the Basic Sum Assured and Policy Term.
Their are two Sum Assured options
(The Option once selected cannot be altered)
Option 1 | 1.25 times of the Single Premium |
Option 2 | 10 times of the Single Premium |
The Policyholder has a choice of investing premiums in one of the four types of funds available. The Single premium (The Amount which is going to pay minus with applicable taxes if any) paid by the Policyholder shall be subject to Premium Allocation Charge. The balance amount known as allocation rate constitutes that part of premium which is utilized to purchase the units of the fund chosen by the Policyholder in the policy.
Upon completion of specified duration of policy years, Guaranteed Additions as a percentage of Single Premium shall be added to the Unit Fund. The amount of Guaranteed Additions will be utilized to purchase units as per the opted fund type. Unit Fund Value is calculated by multiplying the Net Asset Value (NAV) of the chosen fund type with the number of units in the respective Unit Fund.
Nivesh Plus LIC Policy 749 (निवेश प्लस 749): Plan Features at a Glance
Basic Sum Assured:
The proposer will have option to choose one of the following:
Option 1: Basic Sum Assured equal to 1.25 times of the Single premium Under Option 2: Basic Sum Assured equal to 10 times of the Single premium
| Feature | Details |
| Minimum Entry Age | 30 days |
| Maximum Entry Age | Option 1: 70 years, Option 2: 35 years |
| Policy Term | 10 to 25 years |
| Minimum Maturity Age | 18 years |
| Maximum Maturity Age | Option 1: 85 years, Option 2: 50 years |
| Minimum Premium | ₹1,25,000 |
| Maximum Premium | No limit (in multiples of ₹5,000) |
| Premium Payment Mode | Single premium only |
| Basic Sum Assured | Option 1: 1.25 times the premium, Option 2: 10 times the premium |
| Guaranteed Additions | 6th year – 3% 10th year – 4% 15th year – 5% 20th year – 6% 25th year – 7% |
| Free Look Period | 30 days (for both physical and electronic policy bonds) |
| Partial Withdrawals | Allowed after 5 years |
Policy Term:
Option 1: If Basic Sum Assured is 1.25 times of Single Premium | Option 2: If Basic Sum Assured is 10 times of Single Premium | ||
| For Age at entry up to 25 years | For age at entry 26 to 30 years | For age at entry 31 to 35 years | |
| 10 to 25 years | 10 t0 25 years | 10 to 20 years | 10 years |
Age at entry for the policyholder is to be taken as age nearer birthday except for age 0 years for which it has to be 90 days completed. Period between Date of Issuance of policy and Date of Birth should not be less than 90 days.
Date of Commencement of Risk:
In case the age at entry of the Life Assured is less than 8 years, the risk under this plan will commence either on the completion of 2 years from the date of commencement of policy or on the policy anniversary coinciding with or immediately following the completion of 8 years of age, whichever is earlier. In case the age at entry of Life Assured is 8 years or more, risk will commence immediately from the date of acceptance of risk i.e. date of commencement of policy.
Key Benefits of Nivesh Plus LIC Policy 749 (निवेश प्लस)
1. Guaranteed Additions
A unique feature of Nivesh Plus LIC Policy (निवेश प्लस) is its guaranteed additions at specific intervals, offering stability even during market fluctuations:
- 6th Year: 3% of the fund value
- 10th Year: 4% of the fund value
- 15th Year: 5% of the fund value
- 20th Year: 6% of the fund value
- 25th Year: 7% of the fund value
2. Flexible Fund Options
Tailor your investment to suit your risk appetite:
- Bond Fund: Low risk for conservative investors.
- Secured Fund: Balanced approach with moderate risk.
- Balanced Fund: Medium risk, blending bonds and equities.
- Growth Fund: High risk for aggressive returns.
3. Life Cover
You can choose from two options for your sum assured:
- Option 1: 1.25 times the premium.
- Option 2: 10 times the premium.
4. Accidental Death Benefit Rider
An Accidental Death Benefit Rider is available with Nivesh Plus LIC Policy, which offers additional coverage in case of accidental death. The minimum sum assured for this rider is ₹10,000, and it can go up to an amount equal to the basic sum assured, subject to a cap of ₹1 crore.
5. Partial Withdrawals
Access your investment after 5 years, making it a flexible option for emergencies.
6. Tax Benefits
Enjoy tax exemptions on premiums and maturity benefits under Sections 80C and 10(10D).
Investment Fund Types: Choose Based on Your Risk Appetite
Nivesh Plus LIC Policy provides a variety of fund options based on your investment goals and risk tolerance. LIC's Nivesh Plus has four segregated funds viz. Bond Fund, Secured Fund, Balanced Fund and Growth Fund. The initial NAV of these four segregated funds was Rs. 10 at the launch of the product. The modified LIC's Nivesh Plus available for sale from 14th October, 2024 shall have NAVs corresponding to the respective funds on the date of purchase of the policy under the plan.
Here’s a breakdown:
A. Regular Option
| Fund Type | Bond Allocation | Equity Allocation | Risk Level |
| Bond Fund | 60% to 100% | 0% | Low risk |
| Secured Fund | 45% to 70% | 15% to 55% | Lower to medium risk |
| Balanced Fund | 30% to 60% | 30% to 70% | Medium risk |
| Growth Fund | 20% to 60% | 40% to 80% | High risk |
B. Discontinued Policy Fund
This fund shall be a segregated Unit Fund and shall comprise of all the Discontinued Policy Funds of all the policies offered under the Unit Linked Life Insurance products.
The investment pattern of the Discontinued Policy Fund, which is a unit fund, shall be with the following asset categories:
| 1. Money market instruments | 0% to 40% |
| 2. Government securities | 60% to 100% |
Charges Under Nivesh Plus LIC Policy 749 (निवेश प्लस)
Understanding the charges involved is important to make informed decisions. Here’s a breakdown of the charges associated with Nivesh Plus LIC Policy:
| Charge Type | Details |
| Fund Management Charge | 1.35% for active funds, 0.50% for discontinued policy funds |
| Mortality Charge | Based on age, sum at risk, and personal factors |
| Accident Benefit Charge | ₹0.40 per ₹1,000 of the accident benefit sum assured |
| Switching Charge | 4 free switches per year; ₹100 for each additional switch |
| Discontinuance Charge | 2% in the 1st year, reduces annually, nil after the 5th year |
| Partial Withdrawal Charge | ₹100 per withdrawal |
| Miscellaneous Policy Alterations | ₹100 per alteration |
| Premium Allocation Charge | 3.30% – For Offline sale 1.50% – For Online sale |
Mortality Charge:
Mortality Charge is the cost of life insurance cover which is age specific and this will be taken at the beginning of each policy month by cancelling appropriate number of units out of the Unit Fund Value. The monthly Mortality Charge will be one twelfth of the annual Mortality Charge.
Policy Administration Charge:
Zero
No Policy Administration Charges shall be applicable under this plan.
Switching Charge:
This is a charge levied on switching from one segregated fund to another available within the product and shall be levied at the time of effecting a switch by cancelling appropriate number of units out of Unit Fund Value. The Policyholder can switch between any fund types during the policy term. On switching the entire amount is switched to the new Fund opted for. During a given policy year, 4 switches shall be allowed free of charge. Subsequent switches, if any, shall be subject to a Switching Charge of Rs. 100 per switch.
Fund Management Charge:
This is the charge levied as a percentage of the value of assets and shall be appropriated by adjusting the NAV. Fund Management (FMC) Charge shall be as under:
| 1.35% p.a. of Unit Fund for all the four Funds available under this Plan. i.e. Bond Fund, Secured Fund, Balanced Fund and Growth Fund |
| 0.50% p.a. of Unit Fund for “Discontinued Policy Fund” |
Discontinuance Charges:
This charge will be levied by cancelling appropriate number of units out of Unit Fund value as on the Date of discontinuance of the policy. The Discontinuance Charge applicable is as under:
| Where the policy is discontinued during the policy year | Discontinuance Charges for the Policies having Single Premium up to Rs 3,00,000 | Discontinuance Charges for the Policies having Single Premium above Rs 3,00,000 |
| 1 | Lower of 2% * (SP or FV) subject to maximum of Rs. 3000/- | Lower of 1% * (SP or FV) subject to maximum of Rs. 6000/- |
| 2 | Lower of 1.5% * (SP or FV) subject to maximum of Rs. 2000/- | Lower of 0.7% * (SP or FV) subject to maximum of Rs. 5000/- |
| 3 | Lower of 1.00% * (SP or FV) subject to maximum of Rs. 1500/- | Lower of 0.5% * (SP or FV) subject to maximum of Rs. 4000/- |
| 4 | Lower of 0.5% * (SP or FV) subject to maximum of Rs. 1000/- | Lower of 0.35% * (SP or FV) subject to maximum of Rs. 2000/- |
| 5 and onwards | NIL | NIL |
Partial Withdrawal Charge:
This is a charge levied on the Unit Fund at the time of each partial withdrawal of the Fund and shall be a flat amount of Rs. 100/- which will be deducted by cancelling appropriate number of units out of Unit Fund Value and the deduction shall be made on the date on which partial withdrawal takes place. A policyholder can partially withdraw the units at any time after the fifth policy anniversary, subject to the following:
i. In case of minors, partial withdrawals shall be allowed only after Life Assured is aged 18 years or above.
ii. Partial withdrawals may be in the form of fixed amount or in the form of fixed number of units.
iii. The Maximum amount of Partial Withdrawal as a percentage of fund during each policy year shall be as under:
Tax Charge:
Tax Charges, if any, will be as per the prevailing tax laws and rate of tax as applicable from time to time.
| Policy Year | Percent of Unit Fund |
| 6th to 10th | 15% |
| 11th to 15th | 20% |
| 16th to 20th | 25% |
| 21st to 25th | 30% |
Top-up:
No Top-up premiums shall be allowed under the plan.
Plan Changes:
No alterations in the plan (i.e. from this plan to any other plan) will be allowed.
Surrender and Termination of Nivesh Plus LIC Policy 749 (निवेश प्लस)
Surrender During Lock-in Period (First 5 Years)
If you surrender your policy during the first 5 years, the fund value (after charges) will be moved to the Discontinued Policy Fund. This amount will be payable only after the 5-year lock-in period.
Surrender After Lock-in Period
Post the 5-year lock-in period, the full unit fund value is payable upon surrender.
Compulsory Termination
If the unit fund value is insufficient to cover charges after 5 years, the policy will be terminated, and any remaining balance will be refunded.
Loan Facility
No loan facility is available under this plan.
Assignments:
Assignment is allowed under this plan as per Section 38 of the Insurance Act, 1938 as amended from time to time. The notice of assignment should be submitted for registration to the office of the Corporation, where the policy is serviced.
Nominations:
Nomination by the holder of a policy of life assurance is required as per Section 39 of the Insurance Act, 1938, as amended from time to time.
Nivesh Plus LIC Policy 749 (निवेश प्लस) vs. Other Financial Products
Here’s how Nivesh Plus LIC Policy compares with mutual funds and fixed deposits:
| Feature | Nivesh Plus LIC Policy 749 | Mutual Funds | Bank Fixed Deposits |
| Returns | Market-linked with guaranteed additions | Market-linked, no guarantees | Fixed, generally lower |
| Risk | Moderate, adjustable by fund choice | High (especially for equity funds) | Minimal |
| Life Cover | Yes | No | No |
| Liquidity | Partial withdrawals after 5 years | Anytime (exit load may apply) | Limited during lock-in periods |
| Tax Benefits | Sections 80C and 10(10D) | Limited to ELSS funds under 80C | Section 80C |
What Makes Nivesh Plus LIC Policy Unique?
This plan ensures peace of mind with its robust lock-in period and guaranteed returns. Whether you’re a risk-averse investor opting for bond funds or a market-savvy individual exploring equity options, Nivesh Plus LIC Policy accommodates everyone.
Additionally, the policy comes with a 30-day free look period, allowing customers ample time to review their decision. This reflects LIC’s commitment to transparency and customer satisfaction.
Why Choose Nivesh Plus LIC Policy?
Affordable Investment for Middle-Class Families
Families in Noida, Ghaziabad, and East Delhi find the minimum premium of ₹1,25,000 affordable for long-term growth.
Tax Savings
Professionals and business owners in Delhi NCR benefit from tax exemptions, making it a better alternative to other investment options.Guaranteed Additions and Flexibility
The guaranteed additions offer a level of predictability and security that other products like mutual funds and FDs lack.Designed for Middle-Class Aspirations:
Affordable premium options starting at ₹1,25,000.Diversify Portfolio:
Professionals looking to diversify their investment portfolio.
Post-Pandemic Financial Recovery
The COVID-19 pandemic reminded us of the importance of financial security. Nivesh Plus LIC Policy became a lifeline for families in Delhi NCR, offering both protection and growth during uncertain times.
Amit Jain shares:
"Many of my clients found solace in Nivesh Plus during the pandemic. The guaranteed additions and life cover helped them regain financial confidence."
Why Wait? Take the First Step Today!
Nivesh Plus LIC Policy offers more than just returns—it offers peace of mind. Here’s how you can connect with Amit Jain to learn more and get started:
Amit Jain: Helping Families Build Financial Security
Amit Jain, an LIC agent from East Delhi, has made Nivesh Plus LIC Policy his specialty. His ability to connect with clients and guide them toward the right financial decisions has transformed lives across Delhi NCR.
Success Stories from Delhi NCR
Case 1: Ravi and Priya in East Delhi
Ravi, an IT professional, wanted a secure yet rewarding investment. Amit Jain, his LIC agent, recommended Nivesh Plus LIC Policy for its balanced fund option. After just three years, Ravi and Priya’s investment has grown steadily, ensuring financial security for their young family.
Case 2: Arun from Noida
A business owner, Arun sought better returns than fixed deposits without taking high risks. Amit suggested Nivesh Plus LIC Policy, explaining its guaranteed additions and life cover benefits. Today, Arun appreciates the plan as a comprehensive financial solution.
Case 3: The IT Professional from Gurugram
Sneha, a 32-year-old software engineer, was hesitant about ULIPs because of past market volatility. Amit explained how Nivesh Plus LIC Policy balances risk with its bond and secured fund options. Sneha now recommends the plan to her colleagues, calling it a “hidden gem for financial growth.”
Case 5: The Businessman from Faridabad
Rakesh, a 45-year-old entrepreneur, wanted a better alternative to fixed deposits and Mutual Fund. Amit recommended Nivesh Plus LIC Policy for its higher growth potential and tax benefits. Today, Rakesh is not only earning better returns and insurance but also enjoys peace of mind.
Amit recalls a turning point: “I met a young couple in Noida—Bal Kishan and Pari. They had just welcomed a baby and were looking for a plan that could grow their savings and secure their child’s future. I explained how Nivesh Plus LIC Policy works, emphasizing its flexibility and guaranteed additions. That meeting turned into my first big success story.”
Today, Rohan and Priya’s investment has grown significantly, and they’re confident about their child’s education fund.
How Amit Jain Makes a Difference
Amit Jain has helped countless families in East Delhi, Noida, and Gurugram choose the right financial path with Nivesh Plus LIC Policy. His approach is simple:
- Listen: Understand your financial goals and concerns.
- Educate: Explain the plan benefits with relatable examples.
- Guide: Help you choose the right fund option based on your risk profile.
Contact Amit Jain: Your Trusted LIC Advisor
Want to learn more about Nivesh Plus LIC Policy and how it can work for you? Amit Jain, an experienced LIC agent, is here to guide you every step of the way.
Get in Touch
📞 Call or WhatsApp
📧 Email:info@bimatimes.com
Secure Your Future with Nivesh Plus LIC Policy 749 (निवेश प्लस)
Nivesh Plus LIC Policy offers the ideal blend of security, growth, and tax benefits. Whether you are a young professional, a business owner, or a parent planning for your child’s future, this plan is designed to help you achieve your financial objectives.
Don’t wait—take control of your financial future with Nivesh Plus LIC Policy today!
PLEASE Note: “IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER”
LIC's Nivesh Plus is a ULIP plan which is different from the traditional policy in the sense that it is subject to market risk.
Disclaimer :
Bima Times does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Always read the policy document thoroughly for specifics on terms, conditions, benefits, and exclusions. Consult with a LIC Agent or a financial advisor to make an informed decision based on individual financial goals and risk appetite. This overview provides crucial points about the Nivesh Plus LIC Policy Plan (Plan No. 749). For the latest updates and detailed information, always refer to the official LIC of India literature and consult an expert before making investment decisions.
