LIC Nav Jeevan Shree Plan 912 – Features, Benefits & Review
LIC’s Nav Jeevan Shree Plan 912 is a unique endowment policy that combines life protection with guaranteed savings benefits.
LIC Nav Jeevan Shree (Plan No. 912) is a limited premium, non-participating endowment policy introduced by Life Insurance Corporation of India. This plan offers a perfect blend of guaranteed savings and life insurance protection, making it ideal for individuals looking for secure, predictable returns with low risk.
Key Features of LIC Nav Jeevan Shree 912
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Guaranteed Additions: One of the major highlights of this plan is the Guaranteed Additions, which are paid at the end of each policy year. These are calculated as a percentage of the annual premium and help grow your savings steadily.
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No Bonus or Profit Sharing: As a non-participating policy, this plan does not offer any bonuses or share profits with policyholders.
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Limited Premium Payment Term: You only pay premiums for a limited period while enjoying coverage for the full policy term.
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Life Cover: In case of the unfortunate demise of the policyholder during the policy term, the nominee will receive the Sum Assured on Death along with all accrued Guaranteed Additions.
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A fixed guaranteed addition is credited annually as a percentage of your premium, which accumulates until maturity or death.
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The plan offers flexible premium payment options of 6, 8, 10, or 12 years, with a policy term ranging from 10 to 20 years.
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The maturity or death benefits can be received either as a lump sum or through installment payouts, based on the policyholder’s preference.
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You can enhance your policy coverage by opting for additional riders such as accidental death and disability benefits, available for an extra premium.
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Attractive incentives are offered for higher sum assured amounts and also for existing LIC policyholders or nominees of deceased policyholders.
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The plan also includes a loan facility, providing financial support in case of emergencies during the policy term.
Why Choose LIC Nav Jeevan Shree Plan?
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Ideal for risk-averse investors seeking guaranteed returns
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Offers life insurance coverage with steady savings growth
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Simplified plan without market dependency
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Backed by the trust of LIC – India’s largest insurer
The Nav Jeevan Shree LIC endowment plan offers flexibility
in premium payment, with options to pay over 6, 8, 10, or 12 years. Depending
on the chosen payment term, the policy term can extend from 10 to 20 years. The
plan can be purchased offline or online through the official website of Lic of india
LIC Nav Jeevan Shree – A Comprehensive Plan with Assured Returns and Full Protection
LIC Nav Jeevan Shree stands out as a well-rounded financial solution that combines guaranteed returns, tax-free maturity benefits, and comprehensive life coverage. One of the key highlights of this plan is that it offers an Internal Rate of Return (IRR) of up to 6.34% CAGR, making it a highly attractive option for risk-averse investors.
Key Benefits of Nav Jeevan Shree Plan:
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✅ Up to 8.5 to 9.5% CAGR (Compounded Annual Growth Rate) based on sales brochure
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✅ 100% Tax-Free Maturity Amount under Section 10(10D) of the Income Tax Act
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✅ Life Insurance Coverage throughout the policy term
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✅ Additional Accidental Death Insurance Cover
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✅ Permanent Disability Benefit, providing financial support in case of total disability
With a strong combination of stable returns, insurance protection, and tax savings, Nav Jeevan Shree appears to be a promising long-term wealth-building plan for individuals looking to secure both their finances and their family's future.
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