LIC’s Nivesh Plus is a single premium unit-linked insurance plan that blends life cover with investment growth potential. With one upfront payment, you get both protection and choice of investment funds — ideal for those who want a one-time investment and minimal fuss in future premium payments.
You pay a single premium and pick one of the offered investment funds. Units are allotted after deduction of allocation charges, and your fund value moves with market performance. You also specify your Sum Assured option at inception. On maturity, the unit fund value is paid out; on death during the term, the higher of unit fund value or basic sum assured is made available to your nominee.
• **One-Time Premium Payment:** No need to worry about future instalments — pay once and you’re covered.
• **Dual Benefit Structure:** Life cover plus investment growth opportunities under the same plan.
• **Flexible Sum Assured Option:** Choose between modest multiple (e.g., 1.25× premium) or higher multiple (e.g., 10× premium) to match your protection and investment mix.
• **Fund Choice & Switches:** Pick from different fund types catering to risk appetite and switch funds (subject to terms) if your financial goals or market views change.
• **Guaranteed Additions:** Certain policy years trigger bonus amounts credited to the unit fund — boosting the value if you stay invested for the long term.
• Investors who have a lump-sum amount ready and prefer to make a one-time investment rather than multiple premium payments.
• Individuals seeking both life cover and market-linked growth in a disciplined structure.
• Young professionals or wealth-builders seeking tax-efficient savings combined with protection.
• **Minimum Premium Level:** Ensure you align the one-time payment with your investment capacity and goals.
• **Risk Appetite:** As a ULIP, returns are linked to market funds—understand that unit value can fall as well as rise.
• **Lock-in Period & Liquidity:** There is a lock-in period of five years during which withdrawals and surrenders may be restricted.
• **Charges & Fees:** ULIPs carry premium allocation, fund-management and mortality charges — early years may have heavier load.
• **Fund Performance:** Review past performance of fund categories and how frequently fund switches are allowed under policy terms.
LIC’s Nivesh Plus (Plan No. 749) provides a powerful option for those looking to combine protection and investment in one shot. It simplifies premium management while offering growth via market-linked funds and assurance via life cover.
Pay once, pick your funds, stay invested — and let your single premium work for both security and growth.