LIC Nivesh Plus Plan 749 Calculator
Single Premium ULIP Returns Calculator
LIC Nivesh Plus Plan 749 Overview
LIC Nivesh Plus Plan 749 is a Single Premium, Non-Participating, Unit Linked Life Insurance plan. It offers investment-cum-insurance cover throughout the policy term with a choice of four fund types.
Eligibility & Rules
- Minimum Single Premium: ₹1,00,000
- Maximum Premium: No Limit
- Policy Term: 10 to 25 Years
- Basic Sum Assured: Option 1: 1.25 times premium, Option 2: 10 times premium.
- Entry Age: 90 Days to 70 Years
Key Plan Benefits
- Death Benefit: Higher of Basic Sum Assured or Unit Fund Value.
- Maturity Benefit: Unit Fund Value based on prevailing NAV.
- Guaranteed Additions: Added to the fund at specific durations as a percentage of Single Premium.
Detailed Maturity Benefit
Unit Fund Value as on the date of maturity based on prevailing NAV. Plus refund of mortality charges (if applicable).
Standard Policy Features
- Grace Period: Not Applicable (Single Premium Policy).
- Free Look Period: 30 days from the date of receipt of the policy document to review the terms and conditions.
- Loan & Surrender Facility: No Loan facility is available. Policy has a 5-year lock-in period, after which it can be surrendered.
- Tax Benefits: Premiums paid are eligible under Section 80C, and returns are tax-free under 10(10D) (if annual premium < ₹2.5 Lakh).
Example Calculation
| Parameter | Value |
|---|---|
| Sum Assured | ₹1,25,000 (1.25x Cover) |
| Age / Policy Term | 30 / 15 Years |
| Yearly Premium (Approx) | ₹1,00,000 (Single) |
| Total Paid Premium | ₹1,00,000 |
| Maturity / Total Benefits | ₹Based on NAV/Market Performance |
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