LIC Nav Jeevan Shree (Plan No. 912) is a premium, traditional endowment life insurance plan created for individuals who want strong life protection combined with disciplined long-term savings. This plan is designed for policyholders who are financially stable and want a high-value insurance solution that offers guaranteed benefits without market risk.
Nav Jeevan Shree focuses on building a sizeable financial corpus while ensuring enhanced life cover throughout the policy term. It is particularly suitable for professionals, business owners, and high-income earners who want a reliable LIC-backed plan for wealth creation, retirement planning, or long-term family security.
✔ Strong Family Protection: In the unfortunate event of death during the policy term, the nominee receives the death benefit, ensuring financial stability for the family.
✔ Guaranteed Wealth Creation: On survival till maturity, the policyholder receives a substantial lump-sum amount that can be used for retirement, asset creation, or long-term family goals.
✔ Risk-Free Returns: As a non-linked plan, benefits are not affected by market ups and downs, offering peace of mind.
✔ Bonus Advantage: Bonuses declared by LIC enhance the maturity and death benefits, making the plan more rewarding over time.
✔ Tax Efficiency: Helps save tax while building long-term wealth.
Let us understand how LIC Nav Jeevan Shree – 912 works with a practical example using realistic assumptions.
Total Premium Paid:
₹1,15,000 × 20 years = ₹23,00,000 (approx)
Maturity Benefit:
Sum Assured: ₹25,00,000
+ Accumulated Bonuses: ₹18,00,000 – ₹22,00,000 (approx)
Total Maturity Amount: ₹43,00,000 – ₹47,00,000
This maturity amount can be effectively used for retirement planning, purchasing property, funding children’s higher education, or creating a long-term family safety corpus.
Death Benefit Scenario:
If the policyholder passes away during the policy term, the nominee receives
the death benefit (Sum Assured plus bonuses as applicable), ensuring
uninterrupted financial security for the family.
Premiums and bonus figures are indicative. Actual values depend on age, policy term, sum assured, and LIC’s bonus declarations.
✔ Professionals and salaried individuals with stable income
✔ Business owners seeking guaranteed wealth creation
✔ Individuals planning retirement with risk-free returns
✔ Families looking for premium life cover and long-term security
LIC Nav Jeevan Shree – 912 is a powerful premium endowment plan that delivers a perfect balance of strong life protection, disciplined savings, and guaranteed maturity benefits. With enhanced life cover, bonus potential, tax advantages, and the unmatched trust of LIC, this plan is an excellent choice for individuals who want long-term financial stability without market risk.
For those who value security, reliability, and assured wealth creation, Nav Jeevan Shree stands out as a dependable and rewarding life insurance solution.