LIC Nivesh Plus Plan 749 Calculator
Estimated Maturity Value
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LIC Nivesh Plus Plan 749 โ Key Features & Benefits Explained
Looking for a One-Time Investment Plan with Insurance Protection?
If you want a plan that offers both life insurance coverage and market-linked investment growth, then the LIC Nivesh Plus Plan 749 can be a suitable option. It is designed for people who want long-term wealth creation along with financial security for their family.
What Are the Main Features of LIC Nivesh Plus Plan 749?
โ Do you want to pay premium only once?
This plan comes with a single premium option, meaning you only need to invest once and enjoy coverage for the entire policy term.
โ What is the minimum investment amount?
You can start with a minimum single premium of โน1,00,000, and additional amounts can be invested in multiples of โน5,000.
โ Who can apply for this plan?
The entry age starts from 90 days.
- Under Option 1, the maximum entry age is 70 years
- Under Option 2, the maximum entry age is 35 years
โ How long does the policy continue?
The policy term ranges from 10 years to 25 years, depending on the chosen option and age.
โ What investment choices are available?
The plan offers four different fund options based on your risk appetite:
- Bond Fund
- Secured Fund
- Balanced Fund
- Growth Fund
โ Can you withdraw money during the policy term?
Yes. Partial withdrawals are allowed after completing the mandatory 5-year lock-in period.
โ Are tax benefits available?
Yes. Tax benefits may be available under Section 10(10D) as per prevailing tax laws.
What is LIC Nivesh Plus Plan 749?
LIC Nivesh Plus Plan 749 is a Unit Linked Insurance Plan (ULIP) launched on 14 October 2024 by Life Insurance Corporation of India.
This plan combines:
- Life insurance protection
- Market-linked investment opportunities
With a one-time lump sum investment, your money gets invested into market-linked funds that may generate returns over the long term.
It is ideal for individuals who want:
- Wealth creation
- Insurance coverage
- Flexible fund options
- Long-term financial planning
What Are the Key Details of LIC Nivesh Plus Plan 749?
| Feature | Details |
|---|---|
| Plan Type | Unit Linked, Non-Participating, Single Premium Plan |
| Launch Date | 14 October 2024 |
| Premium Payment | One-time Single Premium |
| Minimum Premium | โน1,00,000 |
| Maximum Premium | No upper limit |
| Policy Term | 10 to 25 years |
| Fund Options | Bond, Secured, Balanced & Growth Fund |
| Sum Assured Choices | 1.25x or 10x of Single Premium |
| Minimum Entry Age | 90 days |
| Maximum Entry Age | Option 1: 70 years, Option 2: 35 years |
| Maximum Maturity Age | Option 1: 85 years, Option 2: 50 years |
Why Do Many Investors Prefer LIC Nivesh Plus Plan 749?
โ Want Insurance and Investment in One Plan?
Unlike traditional insurance policies, this ULIP offers a dual benefit:
- Financial protection through life cover
- Market-linked wealth creation through investments
Does the Plan Offer Guaranteed Additions?
Yes. The plan rewards long-term investors through guaranteed additions added to the fund value at specific intervals.
| Policy Year Completed | Guaranteed Addition |
|---|---|
| 6 Years | 3% |
| 10 Years | 4% |
| 15 Years | 5% |
| 20 Years | 6% |
| 25 Years | 7% |
These additions help increase your overall maturity value.
Which Fund Option Should You Choose?
Are you a low-risk investor?
You may prefer the Bond Fund for stable and steady returns.
Want moderate risk with balanced growth?
The Secured Fund or Balanced Fund may suit you better.
Looking for higher long-term growth?
The Growth Fund offers higher equity exposure and is suitable for aggressive investors.
The plan also allows switching between funds based on your changing financial goals.
What Happens in Case of Death During the Policy Term?
The nominee receives the highest of the following:
- Basic Sum Assured
- Unit Fund Value
- 105% of the Single Premium Paid
This ensures financial support for your family even in your absence.
What Will You Receive on Maturity?
If the policyholder survives till maturity, the accumulated Fund Value based on the prevailing NAV is paid as a lump sum amount.
This includes:
- Investment growth
- Guaranteed additions
- Fund performance over the years
Can You Withdraw Money Before Maturity?
Yes. After completing 5 years, partial withdrawals are allowed for financial emergencies or personal needs without closing the policy.
Are Rider Benefits Available?
Yes. Additional protection can be added through rider options like the:
- Linked Accidental Death Benefit Rider
This helps enhance overall insurance coverage under the policy.
LIC Nivesh Plus Plan 749 โ Eligibility, Calculator & Benefits Guide
Who Can Apply for LIC Nivesh Plus Plan 749?
Before investing in LIC Nivesh Plus Plan 749, it is important to understand the eligibility conditions.
โ What is the minimum entry age?
The minimum age required to enter the plan is 90 days.
โ What is the maximum entry age?
The maximum age depends on the option selected:
- Option 1: Up to 70 years
- Option 2: Up to 35 years
โ What policy term options are available?
The policy term ranges from 10 years to 25 years depending on the chosen option and age eligibility.
โ How much minimum investment is required?
The minimum single premium starts from โน1,00,000.
โ Is there any maximum premium limit?
No. There is no upper limit on premium investment, and premiums can be paid in multiples of โน10,000.
What is the LIC Nivesh Plus Plan 749 Calculator?
The LIC Nivesh Plus Plan 749 Calculator is an online tool designed to estimate:
- Expected maturity value
- Investment growth
- Policy benefits
- Insurance coverage
- Potential returns over time
It helps investors understand how their investment may grow depending on market performance and selected fund options.
What Details Does the Calculator Consider?
Want to know how your returns are estimated?
The calculator takes several factors into account:
- Single premium amount
- Selected policy term
- Sum assured option (1.25x or 10x)
- Chosen investment fund
- Historical fund performance
- Guaranteed additions
This allows investors to make better financial decisions before purchasing the policy.
How to Use LIC Nivesh Plus Plan 749 Calculator?
โ Step 1 โ Enter Your Single Premium
Input the lump sum amount you wish to invest.
โ Step 2 โ Choose Policy Term
Select your preferred duration such as:
- 10 years
- 15 years
- 20 years
- 25 years
โ Step 3 โ Select Sum Assured Option
Choose between:
- 1.25 times the premium
- 10 times the premium
โ Step 4 โ Pick Your Fund Option
Choose a fund according to your risk appetite:
- Bond Fund
- Secured Fund
- Balanced Fund
- Growth Fund
โ Step 5 โ Get Estimated Results
The calculator will display:
- Estimated maturity value
- Expected returns
- Insurance benefits
- Fund growth projection
Why Should You Use LIC Nivesh Plus Calculator?
โ Want quick investment estimates?
The calculator instantly provides maturity and return projections.
โ Need better financial planning?
It helps you understand how much wealth may be created over the long term.
โ Want to compare different investment options?
You can test different policy terms, fund choices, and premium amounts easily.
โ Trying to understand risk and returns?
Different fund options allow you to compare potential growth and risk levels.
โ Looking for transparency?
The calculator simplifies complex ULIP calculations and provides better clarity.
What Charges Apply in LIC Nivesh Plus Plan 749?
Understanding charges is important because they affect your final returns.
| Charge Type | Details |
|---|---|
| Premium Allocation Charge | Around 3.3% offline and 1.5% online |
| Fund Management Charge | Approximately 1.35% yearly |
| Mortality Charges | Depends on age and coverage |
| Switching Charges | First 4 switches free, then โน100 |
| Partial Withdrawal Charges | Minimal or nil after lock-in |
These charges are adjusted within the fund value calculation.
Are Tax Benefits Available Under This Plan?
Yes. LIC Nivesh Plus Plan 749 offers tax benefits under Indian tax laws.
โ Can you claim deduction under Section 80C?
Yes. Premiums paid may qualify for deductions up to โน1.5 lakh under Section 80C.
โ Is the maturity amount tax-free?
Yes. Maturity benefits may be exempt under Section 10(10D), subject to prevailing tax rules.
โ Are death benefits taxable?
No. Death benefits received by nominees are generally tax-free.
Example of LIC Nivesh Plus Plan 749 Calculation
Suppose you invest โน1,25,000. What happens next?
Imagine the following scenario:
- Single Premium: โน1,25,000
- Policy Term: 15 years
- Sum Assured: 1.25 times premium
- Fund Chosen: Balanced Fund
What happens to your investment?
- Premium allocation charges are deducted initially
- Your money gets invested into the selected fund
- Guaranteed additions are added during the policy term
- The investment grows based on market performance
What do you receive at maturity?
At maturity, you receive:
- Accumulated fund value
- Market-linked returns
- Guaranteed additions
The exact amount depends on NAV performance and market conditions.
Why Do Investors Choose LIC Nivesh Plus Plan 749?
โ Prefer one-time investment convenience?
This plan requires only a single premium payment.
โ Want insurance and investment together?
It combines wealth creation with life insurance protection.
โ Looking for guaranteed additions?
The policy boosts returns through fixed additions at specific intervals.
โ Need flexibility?
You get multiple fund choices and partial withdrawal options.
โ Want tax-efficient investing?
The plan offers tax-saving advantages under applicable sections.
โ Trust LIC as an insurer?
The plan is backed by Life Insurance Corporation of India, one of Indiaโs most trusted insurance providers.
Important Tips Before Using LIC Nivesh Plus Calculator
โ Always enter accurate information
Incorrect age, premium, or policy term can affect estimates.
โ Compare different fund options
Each fund carries a different level of risk and return potential.
โ Align the policy term with your financial goals
Choose a maturity period based on when you may need the funds.
โ Understand sum assured options carefully
Higher insurance coverage may slightly reduce investment allocation.
โ Review charges and rider benefits
Understanding costs helps in realistic return expectations.
โ Recheck calculations regularly
Updated NAV performance may change maturity projections over time.
Frequently Asked Questions (FAQs)
What is LIC Nivesh Plus Plan 749?
It is a single-premium ULIP that combines life insurance coverage with market-linked investment opportunities.
How is the premium paid?
The premium is paid only once as a lump sum amount during policy purchase.
Which fund options are available?
The plan offers:
- Bond Fund
- Secured Fund
- Balanced Fund
- Growth Fund
What is the policy term?
The policy term ranges from 10 to 25 years.
Are partial withdrawals allowed?
Yes. Partial withdrawals are available after completing 5 years.
What are guaranteed additions?
These are fixed percentage additions added to the fund value during specific policy years.
Conclusion
LIC Nivesh Plus Plan 749 is a suitable option for individuals looking for long-term wealth creation along with life insurance protection. Its single premium structure, flexible investment options, guaranteed additions, and tax benefits make it an attractive choice for disciplined financial planning.
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