LIC LIC's Nivesh Plus (Plan No. 849): Full Guide, Eligibility & Premium

LIC's Nivesh Plus belongs to LIC's unit linked (ulip) plans family. In one line: single premium unit linked investment

Eligibility at a glance — entry age 90 days to 70 years; sum assured 1.25x or 10x single premium; policy term 10 to 25 years. Anything outside those bands will simply not be issued, so check them before you plan the premium.

What the plan actually gives you: Single premium, four fund choices Guaranteed additions on the single premium Switching between funds allowed Partial withdrawal after five years Those are the contractual features; bonus or market-linked components, where they apply, are declared by LIC each year and are not guaranteed in advance.

Who it suits: Investors with a lump sum who prefer a one-time decision. If that does not describe your situation, there is usually a better-fitting plan in the same family, and it costs nothing to ask.

Before you sign, run LIC's Nivesh Plus through the premium calculator on this site with your own age, sum assured and term. Seeing the yearly outgo next to the projected maturity value is the fastest way to know whether the plan fits your cash flow — and the fastest way to spot a mis-sold recommendation.

Buying, servicing and claiming are three different jobs. We help with all three free of charge, including for policies you bought elsewhere, from our office at Fort, Mumbai and online across India.