PolicyBros.in
ULIP PlansPlan 749NRI Eligible

LIC Nivesh Plus

Single premium ULIP for lump sum investment with market exposure

What is LIC Nivesh Plus?

LIC Nivesh Plus (Plan 749, UIN 512L317V02) is a unit linked (ULIP) plan from Life Insurance Corporation of India. Returns come from the performance of the funds your premium is invested in, not from declared bonuses, so the maturity value moves with the market.

You pay the entire premium once at purchase, with nothing more to pay after that. If the policyholder dies during the term, the nominee receives: Higher of fund value or 105% of single premium. On surviving the full term, the policyholder gets: Fund value at maturity.

It suits people looking for lump sum investment, wealth creation and market exposure. NRIs can buy this plan too.

Key Highlights

One-time investment, no recurring premiums
Choose from 4 fund options
Partial withdrawal allowed after 5 years
Life cover included automatically

Benefits Explained Simply

If Something Happens to You (Death Benefit)

Higher of fund value or 105% of single premium

When the Plan Matures (Maturity Benefit)

Fund value at maturity

Eligibility & Details

Minimum Entry Age0 years (last birthday)
Maximum Entry Age65 years
Minimum Sum Assured₹1,25,000
Policy Term10 years
Premium Paying TermSingle premium
Bonus Typenone
Risk Levelhigh
NRI EligibleYes

Tax Benefits

  • Section 80C deduction on premium (up to 1.5L)
  • Maturity may be tax-free

Premium Rates (Indicative)

Age10 years15 years20 years25 years
20 yrs₹1,25,000₹1,25,000₹1,25,000₹1,25,000
30 yrs₹1,25,000₹1,25,000₹1,25,000₹1,25,000
40 yrs₹1,25,000₹1,25,000₹1,25,000₹1,25,000

VERIFIED from official LIC Sales Brochure. Single premium ULIP. Min premium ₹1,25,000. BSA = 1.25x or 10x single premium. 4 fund options (Bond, Secured, Balanced, Growth). Guaranteed Additions: 3-7% of single premium at year 6-25. Premium Allocation: Offline 3.30%, Online 1.50%.

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, 15-year term:

Annual Premium

₹10,00,000

Total Paid (15 yrs)

₹1,50,00,000

Est. Bonuses

₹6,75,000

Est. Maturity

₹16,75,000

That's approximately 0.1x of what you paid in premiums.

Maturity Benefit Illustration
Estimated

What you pay vs what you could receive (conservative estimate with assumed bonus rate of ~Rs.48-60 per Rs.1,000 SA per year)

Age 25184% return
You Pay: 50.00 L
x
You Get: 91.75 L
x
Age 30184% return
You Pay: 50.00 L
x
You Get: 91.75 L
x
Age 35184% return
You Pay: 50.00 L
x
You Get: 91.75 L
x
Age 40184% return
You Pay: 50.00 L
x
You Get: 91.75 L
x
Entry AgeAnnual PremiumTotal You PayEst. MaturityReturn
25 yrs₹5,00,00050.00 L91.75 L184%
30 yrs₹5,00,00050.00 L91.75 L184%
35 yrs₹5,00,00050.00 L91.75 L184%
40 yrs₹5,00,00050.00 L91.75 L184%

Sum Assured: ₹5,00,000 | Term: 10years | Bonus assumption: ~Rs.48-60 per Rs.1,000 SA per year (conservative). Actual maturity depends on LIC's declared bonus rates. This is for illustration only. Please consult your insurance advisor for accurate projections.

Who is This Plan Best For?

lump sum investmentwealth creationmarket exposure

Frequently Asked Questions

What is LIC Nivesh Plus (Plan 749)?

LIC Nivesh Plus is a ulip plans plan from Life Insurance Corporation of India. Single premium ULIP for lump sum investment with market exposure.

What is the eligibility age for LIC Nivesh Plus?

Entry age is between 0 and 65 years. Policy term: 10 to 10 years. Premium paying term: Single premium.

What is the minimum sum assured for LIC Nivesh Plus?

Minimum sum assured is ₹1,25,000. There is no upper limit on sum assured.

What are the tax benefits of LIC Nivesh Plus?

Section 80C deduction on premium (up to 1.5L). Maturity may be tax-free.

Is LIC Nivesh Plus available for NRIs?

Yes. LIC Nivesh Plus 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 Nivesh Plus?

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 Nivesh Plus?

Get a free consultation and exact premium quote for your age and needs.

View on LIC Official Site

Already have this policy?

Create a free account to track your premium due dates, get reminders, and see all your LIC policies in one dashboard.