PolicyBros.in
Endowment PlansPlan 912NRI Eligible

LIC Nav Jeevan Shree

New-age endowment plan with attractive bonus structure

What is LIC Nav Jeevan Shree?

LIC Nav Jeevan Shree (Plan 912, UIN 512N387V02) is an endowment (savings plus protection) plan from Life Insurance Corporation of India. It is a participating (with-profits) plan: the policy earns Simple Reversionary Bonuses that LIC declares from its surplus each year, and may add a Final Additional Bonus when the policy ends.

Premiums are paid for a shorter period than the policy runs, so the cover continues after you have finished paying. If the policyholder dies during the term, the nominee receives: Sum Assured + bonuses. On surviving the full term, the policyholder gets: Sum Assured + accumulated bonuses.

It suits people looking for savings, protection and new generation plan. NRIs can buy this plan too.

Key Highlights

Launched 2025, latest LIC endowment product
Attractive bonus rates expected
Flexible premium paying terms
Available up to age 65

Benefits Explained Simply

If Something Happens to You (Death Benefit)

Sum Assured + bonuses

When the Plan Matures (Maturity Benefit)

Sum Assured + accumulated bonuses

Eligibility & Details

Minimum Entry Age18 years (completed)
Maximum Entry Age65 years
Minimum Sum Assured₹5,00,000
Policy Term14, 16, 18, 20, 22 years
Premium Paying Term10, 12, 14, 16, 18 years
Bonus Typesimple reversionary
Risk Levellow
NRI EligibleYes

Tax Benefits

  • Section 80C deduction on premiums
  • Maturity tax-free under 10(10D)

Premium Rates (Indicative)

Age6 years8 years10 years12 years15 years
20 yrs₹91,500₹69,200₹55,800₹46,800₹37,800
30 yrs₹91,800₹69,500₹56,200₹47,300₹38,400
40 yrs₹93,500₹71,200₹58,000₹49,200₹40,500
50 yrs₹97,500₹75,500₹62,500₹54,000₹45,500

VERIFIED from official LIC Sales Brochure. Option I (7x SA), Limited Premium. ₹5 lakh BSA. GA: 8.5-9.5% of total tabular annual premium depending on policy term. Non-par, guaranteed additions.

Source: LIC Official Sales Brochure | Data last verified: 21 March 2026

Example: What You Could Get

If a 30-year-old buys this plan with ₹10 lakh sum assured, 8-year term:

Annual Premium

₹1,39,000

Total Paid (8 yrs)

₹11,12,000

Est. Bonuses

₹3,60,000

Est. Maturity

₹13,60,000

That's approximately 1.2x of what you paid in premiums.

Who is This Plan Best For?

savingsprotectionnew generation plan

Frequently Asked Questions

What is LIC Nav Jeevan Shree (Plan 912)?

LIC Nav Jeevan Shree is a endowment plans plan from Life Insurance Corporation of India. New-age endowment plan with attractive bonus structure.

What is the eligibility age for LIC Nav Jeevan Shree?

Entry age is between 18 and 65 years. Policy term: 14 to 22 years. Premium paying term: 10 to 18 years.

What is the minimum sum assured for LIC Nav Jeevan Shree?

Minimum sum assured is ₹5,00,000. There is no upper limit on sum assured.

What are the tax benefits of LIC Nav Jeevan Shree?

Section 80C deduction on premiums. Maturity tax-free under 10(10D).

Is LIC Nav Jeevan Shree available for NRIs?

Yes. LIC Nav Jeevan Shree is available to Non-Resident Indians. NRIs can buy this plan during a visit to India or through power of attorney.

What happens if I stop paying premiums on LIC Nav Jeevan Shree?

If you stop paying premiums before 3 years, the policy lapses and you lose all benefits. After 3 years of premium payments, the policy acquires a paid-up value and you receive a reduced sum assured. You can also revive a lapsed policy within 5 years by paying outstanding premiums plus interest.

The information above is for educational purposes only. Actual premiums, benefits, and terms are as per LIC of India. For official and complete details, visit licindia.in.

Interested in Nav Jeevan Shree?

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