LIC Nav Jeevan Shree Plan — Complete Details 2026

LIC Nav Jeevan Shree is a non-linked, individual, life insurance savings plan designed by LIC in 2026. It serves the dual purpose of protecting your family in the event of an unfortunate incident while systematically building secure wealth for your future goals. A key attraction of this plan is its flexibility, offering both **Regular Premium** paying modes and a **Single Premium** (one-time lump sum) payment option.

Additionally, the plan features a highly comprehensive **Critical Illness Health Rider**, which serves as an essential safety net by providing lump-sum financial support upon the diagnosis of major critical illnesses.

The Nav Jeevan Shree plan operates on a secure endowment structure, incorporating the following solid benefits:

• Maturity Benefit: On survival to the end of the policy term, the policyholder receives the full Basic Sum Assured along with accrued bonuses in a lump sum.
• Death Benefit: In case of an unfortunate demise during the term, a substantial sum assured is paid to the nominee to secure their lifestyle.
• Compounding Bonus: The plan participates in LIC's annual profits by accumulating reversionary bonuses, enhancing the maturity fund value.
• Loan Facility: Access liquidity during emergencies through policy loans after 2 years for regular plans, or almost instantly for single premium modes.
• Tax Savings: Under Section 80C, premiums paid qualify for tax deductions, and the maturity payout is tax-exempt under Section 10(10D).

Important Note: Exact premium rates depend on entry age, chosen sum assured, and policy term. Please utilize our custom premium calculator or contact Ajay sir directly for an accurate personalized quotation.

The Nav Jeevan Shree plan is highly recommended for:

• Risk-Averse Investors: Individuals seeking stable, sovereign-backed returns without exposing their hard-earned capital to stock market volatility.
• Dual Goal Seekers: Families wanting to combine essential life protection with systematic wealth building for future milestones like children's higher education.
• Lump Sum Investors: Wealthy individuals wanting to securely park a lump sum in the Single Premium option while securing immediate tax advantages.

LIC's new **Critical Illness Health Rider** launched in 2026 is a massive game-changer. Severe health issues like cancer, stroke, cardiac arrests, or kidney failure often bring severe emotional and extreme financial strains on the entire household.

By adding this rider to your Nav Jeevan Shree plan, you ensure that if the insured is diagnosed with any covered major critical illness, LIC immediately releases the full rider sum assured as an upfront lump sum, enabling premium treatment without depleting savings.