LIC Nivesh Plus (749) is a protection-cum-investment plan designed for individuals looking to build long-term savings while ensuring financial security for their family. This plan offers flexible premium options—single, limited, or regular—making it ideal for those seeking life cover along with structured financial growth through disciplined savings.
LIC Nivesh Plus (Plan 749) is one of LIC’s most versatile and balanced life insurance plans, offering customers the dual advantage of protection and savings. Designed as a non-linked, non-participating endowment insurance plan, Nivesh Plus allows policyholders to enjoy the security of guaranteed benefits while gradually building long-term financial reserves. This makes it an attractive option for individuals looking to combine disciplined savings with life insurance protection, without being exposed to market fluctuations.
At its core, LIC Nivesh Plus focuses on creating a stable financial foundation through a predictable endowment structure. Unlike market-linked plans where returns depend heavily on stock market performance, Nivesh Plus guarantees the maturity benefit upfront, offering customers peace of mind. This predictability appeals to individuals who prefer security and consistency over the uncertainty of market-based products. What truly sets the plan apart is its flexibility in premium payments—policyholders can choose between single premium, limited premium payment schedules, or regular premium options based on their financial comfort and long-term planning needs.
The death benefit offered by Nivesh Plus ensures that the policyholder’s family is financially protected in case of their untimely demise. Depending on the chosen premium structure, the death benefit consists of the sum assured plus any applicable bonuses or guaranteed additions. This ensures that even in the policyholder’s absence, their family receives sufficient financial support. The life coverage duration can be customized, allowing customers to align their policy term with major life milestones such as their child’s education, marriage, or other long-term responsibilities.
On the maturity side, Nivesh Plus provides a guaranteed lump sum amount, making it suitable for individuals who aim to build a financial corpus for future needs. Whether someone is planning for retirement, wealth creation, or fulfilling medium-to-long-term goals, the assured maturity amount acts as a disciplined saving tool. The guaranteed maturity payout ensures that policyholders receive a predictable and secure return on their investment at the end of the term.
The plan also provides added convenience through the option of availing loan facilities after a certain period. This ensures liquidity and financial flexibility in times of need. Policyholders can borrow a portion of the policy’s surrender value, thus using it as a financial backup while keeping their policy intact. This feature is especially useful during unforeseen financial emergencies such as medical expenses, sudden requirements, or temporary cash-flow shortages.
One of the key highlights of LIC Nivesh Plus is its simplicity. The plan does not involve complicated investment structures, market risks, or intricate fund choices. Instead, it follows a straightforward savings mechanism where individuals pay premiums over a chosen duration and receive guaranteed benefits. This simplicity makes it ideal for policyholders of all age groups—especially those who prefer stability, guaranteed returns, and the credibility of LIC.
In addition to being a savings instrument, Nivesh Plus plays an important role in an individual’s financial security framework. The plan’s life cover ensures that families do not face financial hardships in the unfortunate event of the policyholder’s demise. This combination of guaranteed savings plus insurance makes the plan highly suitable for young professionals, families seeking financial protection, middle-aged individuals saving for retirement, and even senior individuals wanting to secure their family’s future.
The policy offers tax benefits under Section 80C for premiums paid and potential tax exemptions under Section 10(10D) for maturity benefits, subject to prevailing tax rules. These tax advantages further enhance the plan’s appeal, making Nivesh Plus a valuable addition to an individual’s financial planning portfolio. Policyholders can maximize tax savings while building wealth and ensuring insurance security, all under one policy.
Flexibility is another compelling feature of the plan. With multiple premium payment modes—single, limited, and regular—policyholders can choose the structure that best fits their financial lifestyle. For instance, individuals with unpredictable income streams may prefer single or limited premium options, while those with stable monthly incomes may opt for regular premiums. This level of customization ensures that the plan remains accessible and practical for individuals across different financial backgrounds.
Furthermore, Nivesh Plus allows for policy alteration and revival options. If an individual fails to pay premiums due to unforeseen circumstances, the policy can be revived within a specified period. This prevents the loss of benefits and ensures continuity of coverage. Such provisions demonstrate the plan's flexibility and adaptability to real-life financial challenges.
Additionally, the surrender value under the plan becomes available after a certain period, depending on the premium payment method chosen. Although surrendering an endowment plan should be considered only under unavoidable circumstances, the availability of a surrender value provides financial relief to policyholders who need liquidity. LIC provides clear guidelines on surrender value, ensuring transparency and customer confidence.
Given its characteristics, LIC Nivesh Plus is highly suitable for individuals who prioritize guaranteed returns, stable growth, and protection. It is not meant for investors seeking high-risk, high-reward market-linked returns, but rather for those who appreciate the security of traditional savings instruments. The plan strikes a perfect balance between financial security and wealth accumulation, making it a reliable choice for long-term planning.
The credibility of LIC further adds to the plan’s value. As India’s most trusted insurer with decades of experience and a high claim settlement ratio, LIC ensures reliability, consistency, and peace of mind. Policyholders benefit from the organization’s financial strength and commitment to policyholder protection. The proven track record of LIC enhances Nivesh Plus’s attractiveness, especially among risk-averse individuals.
In summary, LIC Nivesh Plus – Plan 749 stands out as a comprehensive insurance-cum-investment solution that supports long-term financial planning, wealth accumulation, and protection. Its flexible premium options, guaranteed maturity benefit, life cover, loan facility, surrender options, and tax advantages make it a well-rounded financial product. Whether individuals are planning for future milestones or seeking to secure their family’s financial future, Nivesh Plus offers an excellent blend of safety, reliability, and moderate growth.