LIC’s Nivesh Plus is a Unit Linked, Non-Participating, Single Premium, Individual Life Insurance plan. On payment of single premium, the plan offers insurance cum investment cover throughout the term of the policy.

You can buy this plan Offline (through an intermediary) as well as Online.

To purchase this plan online, kindly log on to www.licindia.in.

Under this plan you have the flexibility to choose the type of Sum Assured at the inception and also have a choice of investing the premium in one of the four types of investment funds available.¹ Single Premium paid after deduction of Premium Allocation Charge will purchase units of the Fund type chosen.

The Unit Fund is subject to various charges and value of units may increase or decrease, depending on Net Asset Value (NAV).²

Benefits:

• Death Benefit:

  • On death before the Date of Commencement of Risk: An amount equal to the Unit Fund Value shall be payable.

  • On death after the Date of Commencement of Risk: An amount equal to the higher of the following shall be payable:

    • Basic Sum Assured less Partial Withdrawals, if any made during the two years period immediately preceding the date of death; or³

    • Unit Fund Value.

• Maturity Benefit: On Life Assured surviving the date of maturity, an amount equal to Unit Fund Value shall be payable.

• Guaranteed Additions: Guaranteed Additions as a percentage of Single Premium shall be added to the Unit Fund on completion of specific duration of policy⁴ years.