• Single Premium Payment Only
• Guaranteed Addition ₹85 per ₹1,000 every year
• Policy Term from 5 to 20 years
• Two Death Benefit Options
• Guaranteed Non-Market Linked Returns
Introduction to LIC Nav Jeevan Shree Single Premium Plan 911
Life Insurance Corporation of India has introduced the LIC Nav Jeevan Shree Single Premium Plan 911, a specially designed insurance policy that combines long-term savings with life insurance coverage through a one-time premium payment. This plan is suitable for individuals who prefer making a single investment while enjoying guaranteed returns and insurance protection over a fixed policy period.
What is LIC Nav Jeevan Shree Single Premium Plan 911?
LIC Nav Jeevan Shree Single Premium Plan 911 is a non-linked and non-participating endowment insurance plan offered by Life Insurance Corporation of India. Under this policy, the premium is paid only once at the beginning, and the policy remains in force for a selected duration ranging from 10 to 20 years.
One of the major attractions of this plan is the guaranteed additions credited every policy year at a fixed rate. These additions accumulate throughout the policy term and increase the final maturity amount payable to the policyholder.
Main Features of LIC Nav Jeevan Shree Single Premium Plan 911
Unlike traditional insurance policies that require regular monthly or yearly premium payments, LIC Nav Jeevan Shree Single Premium Plan 911 requires only a one-time premium payment at the beginning of the policy. This makes it a suitable choice for individuals who want to invest a lump sum amount in a secure and guaranteed savings-oriented insurance plan.
Important Features of the Plan
- One-Time Premium Payment: The entire premium amount is paid only once at the start of the policy.
- Flexible Policy Duration: Policyholders can choose a term ranging from 10 to 20 years.
- Guaranteed Additions: The policy offers guaranteed additions of ₹85 for every ₹1,000 of the Basic Sum Assured each year.
- Minimum Basic Sum Assured: The minimum sum assured available under the policy is ₹1,00,000.
- Death Benefit Choices: Policyholders can select between two death benefit options:
- Option 1: 10 times the single premium amount
- Option 2: 1.25 times the single premium amount
- Surrender Benefit: The policy can be surrendered anytime, and the higher of the Guaranteed Surrender Value or Special Surrender Value will be payable.
- Loan Facility: Loan benefits are available against the policy after completion of the required period.
Eligibility Conditions for LIC Nav Jeevan Shree Plan 911
| Criteria | Details |
|---|---|
| Entry Age | 30 days to 60 years (Option 1) |
| Entry Age | 30 days to 40 years (Option 2) |
| Policy Term | 10 to 20 years |
| Minimum Sum Assured | ₹1,00,000 |
How LIC Nav Jeevan Shree Single Premium Plan 911 Works
After paying the single premium amount, the policy starts earning guaranteed additions every year. These additions are calculated at the rate of ₹85 for every ₹1,000 of the Basic Sum Assured.
For example, if the Basic Sum Assured is ₹5,00,000, the yearly guaranteed addition will be ₹42,500.
42500=85×500
At the time of maturity, the policyholder receives:
- The Basic Sum Assured
- Total accumulated guaranteed additions
In case the insured person passes away during the policy term, the nominee receives the death benefit according to the selected option along with the guaranteed additions accumulated up to that policy year.
Advantages of LIC Nav Jeevan Shree Plan 911
Single Payment Convenience
The policy requires only one premium payment, removing the hassle of making repeated payments throughout the policy term.
Assured Growth
Guaranteed yearly additions help the policy value grow steadily without depending on market fluctuations.
Financial Security for Family
The available death benefit options provide financial protection for the nominee in case of the policyholder’s unfortunate demise.
Flexible Policy Duration
Policyholders can choose a suitable tenure between 10 and 20 years according to their investment goals.
Loan Support During Emergencies
The plan allows policyholders to take loans against the policy value when needed.
Surrender Benefit Facility
If required, the policy can be surrendered during the term, and the applicable surrender value will be paid.
No Market-Linked Risk
Since the plan is non-linked, returns are stable and unaffected by stock market performance.
Why the LIC Nav Jeevan Shree Single Premium Plan 911 Calculator is Useful
The LIC Nav Jeevan Shree Single Premium Plan 911 calculator is an important financial planning tool that helps potential buyers estimate different policy benefits before investing. It provides a clear understanding of:
- The one-time premium amount required
- Estimated maturity benefits
- Death benefit payouts
- Guaranteed additions accumulated during the policy term
- Possible surrender values at different stages of the policy
By using the calculator, users can enter details such as age, policy term, and sum assured to get an approximate illustration of policy growth and expected returns. This makes policy comparison and financial planning much easier and more transparent.
Steps to Use LIC Nav Jeevan Shree Single Premium Plan 911 Calculator
The calculator generally requires the following information:
- Your current age
- Desired policy term
- Basic sum assured amount
After entering these details, the calculator automatically:
- Estimates the single premium payable
- Calculates yearly guaranteed additions
- Displays total guaranteed additions over the policy tenure
- Shows the estimated maturity value, including guaranteed additions
- Provides death benefit calculations according to the selected option
This process helps users understand the investment amount and expected returns without going through lengthy policy documents.
Example of LIC Nav Jeevan Shree Plan 911 Calculation
Consider the following sample scenario:
- Age: 30 Years
- Policy Term: 15 Years
- Basic Sum Assured: ₹5,00,000
Based on these details, the calculator may estimate:
- Approximate single premium payable: ₹4,91,000
- Annual guaranteed addition: ₹42,500
42500=85×500
- Total guaranteed additions over 15 years: ₹6,37,500
637500=42500×15
- Estimated maturity value: ₹11,37,500
1137500=500000+637500
If the insured person passes away during the policy term, the nominee receives the applicable death benefit based on the selected option, along with guaranteed additions accumulated up to that year.
Who Can Benefit from LIC Nav Jeevan Shree Plan 911?
LIC Nav Jeevan Shree Single Premium Plan 911 may be suitable for:
- Individuals having a lump sum amount for long-term investment
- People looking for guaranteed returns combined with life insurance coverage
- Conservative investors preferring stable and non-market-linked plans
- Those who want to avoid recurring premium payment responsibilities
- Individuals planning to create savings for future goals such as children’s education, marriage expenses, or retirement planning
Comparing LIC Nav Jeevan Shree Single Premium Plan 911 with Other Savings Options
| Feature | LIC Nav Jeevan Shree Single Premium Plan 911 | Fixed Deposit (Bank) | Mutual Funds (Equity) |
|---|---|---|---|
| Investment Type | Single Premium Life Insurance Policy | Bank Deposit | Market-Linked Investment Fund |
| Returns | Guaranteed Additions, Non-linked | Fixed Interest Rate | Market-Linked, Variable Returns |
| Risk Level | Low | Low | High |
| Life Cover | Yes | No | No |
| Liquidity | Medium (Loan/Surrender after lock-in) | High (Premature withdrawal penalties) | High (subject to market conditions) |
| Tax Benefits | Available under Section 80C | No | Available under Section 80C (ELSS funds) |
| Premium Payment Mode | Single Premium | Lump sum deposit | Lump sum or SIP |
How to Purchase LIC Nav Jeevan Shree Single Premium Plan 911?
- Visit the nearest LIC branch or authorized LIC agents.
- Purchase online on the official LIC website.
- Choose the policy term, sum assured, and payment option.
- Pay the single premium upfront.
- Receive the policy documents confirming coverage.
It’s advised to thoroughly read policy brochures and understand terms. For detailed information, visit the official LIC page on Nav Jeevan Shree .
FAQs about LIC Nav Jeevan Shree Single Premium Plan 911
What is the LIC Nav Jeevan Shree Single Premium Plan 911?
It is a life insurance plan where you pay a single premium upfront, and the policy offers guaranteed returns along with life cover for a chosen term.
Who can buy this plan?
Anyone aged between 30 days and 60 years (depending on the option) can purchase this plan by paying a lump sum amount.
What is the policy term available in this plan?
You can choose a policy term between 10 and 20 years as per your preference.
How are returns calculated in this plan?
Returns include the Basic Sum Assured plus guaranteed annual additions fixed at ₹85 per ₹1,000 of Basic Sum Assured for each policy year.
Can I pay premiums annually or monthly?
No, this is a single premium plan, so only one premium payment is required at the policy inception.
Is there a loan facility available?
Yes, you can avail a loan on the policy after the lock-in period under favorable terms.
Conclusion
The LIC Nav Jeevan Shree Single Premium Plan 911 is an excellent option for those looking for a simple, guaranteed, and risk-free long-term investment combined with life insurance protection with just a one-time premium payment. Using a dedicated LICNav Jeevan Shree Plan 911 calculator helps potential buyers understand premium and maturity benefits tailored to individual parameters, aiding in informed financial planning.
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