LIC Nivesh Plus Details Plan 749
Published on 2026-06-06 • 6 min read
LIC Nivesh Plus Plan 749 is a single premium ULIP (Unit Linked Insurance Plan). You pay only once and your money is invested in market-linked funds. It is different from traditional LIC plans because returns depend on the market.
What is LIC Nivesh Plus?
Nivesh Plus combines life insurance with market investment. Key points:
- You pay one large premium at the start
- The money is invested in funds you choose (equity, debt, or mixed)
- Returns depend on fund performance (market-linked)
- Life cover is included throughout the policy term
Key Features
| Feature | Details |
|---|---|
| Plan Type | Single Premium ULIP |
| Entry Age | 90 days to 70 years |
| Policy Term | 10 to 25 years |
| Minimum Single Premium | ₹1,00,000 |
| Life Cover | 105% of Single Premium or Fund Value (higher) |
| Lock-in Period | 5 years |
Fund Options
| Fund Name | Type | Risk Level |
|---|---|---|
| Bond Fund | Debt (government bonds) | Low |
| Secured Fund | Debt + some equity | Low-Medium |
| Balanced Fund | 50% Debt + 50% Equity | Medium |
| Growth Fund | Mostly Equity | High |
Charges in Nivesh Plus
- Premium Allocation Charge: 3% to 5% deducted upfront from your premium
- Policy Administration Charge: A small monthly charge (₹40–₹100)
- Fund Management Charge: 1.25% to 1.35% per year of fund value
- Mortality Charge: For life insurance cover
ULIPs have multiple charges. Make sure to compare with mutual funds before deciding.
Real Example
- Single Premium: ₹5,00,000
- Age: 35 years
- Policy Term: 15 years
- Fund: Growth Fund (equity)
- Assumed Annual Return: 8%
- Estimated Fund Value at Maturity: Approx ₹12,00,000 – ₹15,00,000
- Death Benefit: Higher of Fund Value or 105% of Single Premium
Partial Withdrawal
After 5 years (lock-in period), you can withdraw part of your fund. This is a big advantage over traditional LIC plans.
Who Should Buy Nivesh Plus?
- Investors comfortable with market risk
- Those who want insurance + investment in one product
- Long-term investors (10+ years horizon)
- People with a lump sum to invest
Who Should Not Buy?
- Risk-averse investors who want guaranteed returns
- Those who need money within 5 years
- People who prefer traditional LIC plans
Final Verdict
LIC Nivesh Plus is suitable if you want
market-linked growth with life insurance in a single premium plan. However, understand the charges and market risk before buying.
Disclaimer: ULIP returns are not guaranteed and depend on market performance. Past returns do not guarantee future results.