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Plan No. 849ULIP
LIC's Nivesh Plus
"Market linked growth with insurance cover."
A Unit Linked, Non-Participating, Individual Life Insurance plan which offers investment cum insurance cover during the term of the policy.
Key Features
- ✓Single premium ULIP.
- ✓Choice of 4 fund types.
Eligibility Criteria
Minimum Age90 Days
Maximum Age70 Years
Minimum Term10 to 25 Years
Maximum Term10 to 25 Years
Min Sum Assured1.25 times of single premium
Max Sum Assured10 times of single premium
Plan Benefits
Death Benefit
Higher of Basic Sum Assured or Unit Fund Value.
Survival Benefit
N/A
Maturity Benefit
Unit Fund Value.
Real-World Example
Profile35-Year-Old Investor
Sum Assured₹ 12,50,000 (1.25x Premium)
Term Details20 Years
Annual Premium₹ 10,00,000 (Single Premium)
Expected ReturnsMarket Linked Value (e.g., ₹ 40,00,000 @ 8%)
How it Works
He invests ₹ 10 Lakhs once in an equity fund. Over 20 years, the money grows with the stock market. If he dies, his family gets a minimum of ₹ 12.5 Lakhs (or the fund value if higher). At maturity, he withdraws the entire market-grown corpus.