LIC Nivesh Plus Plan 849 is LIC's single-premium ULIP (Unit Linked Insurance Plan) - you pay one lump sum, and your money is invested in your choice of fund for the policy term.

What is a Single-Premium ULIP?

Unlike regular ULIPs where you pay annual premiums, Nivesh Plus requires a one-time payment at inception. Your investment grows (or contracts) based on market performance. This suits people who have received a lump sum - a bonus, inheritance, property sale proceeds, or retirement gratuity - and want to invest it with insurance cover.

Fund Options in Nivesh Plus

LIC offers 4 fund options. You choose and can switch:

  1. ▸Bond Fund: Primarily government securities and corporate bonds - lowest risk
  2. ▸Secured Fund: Mix of bonds and equities (~25% equity) - moderate risk
  3. ▸Balanced Fund: ~50% equity, ~50% debt - balanced risk
  4. ▸Growth Fund: ~75% equity, ~25% debt - higher risk, higher potential return

Switching between funds: 4 free switches per year.

Key Details

  • ▸Minimum Premium: Rs 1 lakh (single pay)
  • ▸Entry Age: 90 days to 65 years
  • ▸Policy Term: 10 to 25 years
  • ▸Life Cover: 1.25x to 10x of single premium (death benefit)
  • ▸Partial Withdrawal: Allowed after 5-year lock-in
  • ▸Surrender: Allowed after 5 years without surrender charge

Charges to Know

Like all ULIPs, Nivesh Plus has charges:

  • ▸Premium Allocation Charge: 3.3% of single premium
  • ▸Policy Administration Charge: Rs 100/month
  • ▸Mortality Charge: Deducted monthly from fund value
  • ▸Fund Management Charge: 0.8-1.35% per annum depending on fund

These charges are clearly disclosed. After 5-10 years, the net returns on equity funds have historically been 8-12% per annum.

Honest Assessment

Nivesh Plus suits someone with a lump sum who wants market exposure with insurance cover and LIC's brand assurance. For those purely seeking returns, direct mutual funds have lower charges. For those purely seeking insurance, term plans are better. Nivesh Plus sits in the middle.

Check today's NAV with our NAV tracker or call Ajay Kumar Poddar at 9415313434 for a ULIP suitability assessment.