LIC Nivesh Plus Calculator
Explore LIC's premium single-premium market linked plan. Simulate compound growth at realistic CAGRs, monthly mortality charges based on Sum at Risk, upfront allocation loads, and credits for designated Guaranteed Additions.
💡 Buying online saves 1.80% in allocation charges, redirecting more capital into active market units immediately.
ℹ️ Aggressive stock exposure. Formulated for long-term wealth maximization using market equities.
Projected Maturity Fund Value
₹7,24,822
Premium Allocation Breakdown (Allocation Efficiency)
*Upfront charges include a 1.50% premium allocation fee and 18% GST (amounting to ₹3,540). The rest compounds dynamically in units.
Wealth Projection Timeline & Guaranteed Additions Milestones
Hover over columns to see exact fund value milestones. Gold highlighted steps represent years where Guaranteed Additions are credited.
Comprehensive Investor's Guide to LIC Nivesh Plus (Plan 849)
LIC Nivesh Plus (Plan 849) is a unique Single Premium, Unit Linked, Individual Life Insurance Plan (ULIP). Developed for investors seeking long-term capital appreciation along with the safety of a guaranteed life cover, Nivesh Plus eliminates recurring premium commitments by requiring only a single, lump-sum up-front payment.
Your capital compounds within your preferred choice of four high-quality funds (Growth, Balanced, Secured, or Bond). Over the policy term, LIC credits guaranteed rewards called Guaranteed Additions directly into your unit fund. These additions are calculated as a fixed percentage of your single premium, acting as an extra growth accelerator.
Unlike traditional plans, the policy's cost structure is transparent. Upfront charges are restricted to a single allocation fee, while mortality and fund management costs are deducted monthly by canceling units.
Four Active Investment Funds
- Growth Fund (80% Equity): Leverages major indices for capital growth. Best for investors with a long-term perspective (15-25 years).
- Balanced Fund (50% Equity): Targets inflation-beating growth while controlling downside volatility using a 50-50 equity-debt buffer.
- Secured Fund (20% Equity): Focuses primarily on safety. Capital is mostly deployed in short-term debentures and bonds.
- Bond Fund (0% Equity): Pure fixed-income preservation. Completely insulates capital from direct stock market fluctuations.
Plan Eligibility & Constraints
| Parameter | Option 1 | Option 2 |
|---|---|---|
| Sum Assured Limit | 1.25x Premium | 10.00x Premium |
| Min / Max Entry Age | 90 Days to 70 Years | 90 Days to 35 Years |
| Min / Max Maturity Age | 18 to 85 Years | 18 to 50 Years |
| Policy Investment Term | 10 to 25 Years | 10 to 25 Years* |
| Minimum Single Premium | ₹1,00,000 (No upper limit) | |
*Option 2 Policy term limits vary dynamically based on entry age (Entry Age 26-30: Term is 10-20 years; Entry Age 31-35: Term is strictly 10 years).
Key Sovereign Tax Attributes
Section 80C Tax Deduction Benefit
In Option 2, the premium represents exactly 10% of the Sum Assured, granting a full up to ₹1.5 Lakhs tax deduction limit. In Option 1, since the SA is only 1.25x the premium, the deduction is capped at 12.5% of the Single Premium.
Section 10(10D) Tax Exemption
Maturity yields of Option 1 policies are fully taxable because life coverage is less than 10 times the premium. Option 2 provides tax-exempt maturity returns under Section 10(10D) (subject to ₹2.5L budget limit constraints).
Frequently Asked Questions (FAQ)
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