Nivesh Plus Plan 849
LIC Nivesh Plus Plan 849 – It has been decided to introduce LIC’s New LIC Nivesh Plus ULIP Plan (Plan No 849) with effect from 2nd March 2020. The Unique Identification Number (UIN) for LIC’s Nivesh Plus 849 is 512L317V01. This number has to be quoted in all relevant documents furnished to the Policyholders and other users (public, distribution channel).
Introduction – Why Indians are Looking at LIC ULIPs like Nivesh Plus
India has always been a conservative investment market. Most families prefer guaranteed return plans such as Endowment, Jeevan Labh, or Jeevan Anand. But in recent years, young professionals are leaning towards market-linked products like ULIPs (Unit Linked Insurance Plans).
That’s where LIC Nivesh Plus (Plan 849) comes in.
- It is a single premium ULIP plan.
- You pay once, and your money is invested in LIC-managed funds (equity, debt, balanced).
- It gives you life cover + investment growth.
- You can choose risk level – Growth (equity heavy) or Bond (debt heavy).
👉 In short, Nivesh Plus = One-Time Investment + Life Insurance + Market Returns.
What is LIC Nivesh Plus Plan 849?
LIC Nivesh Plus Plan 849 is a unit-linked, non-participating, single premium insurance plan.
Meaning:
- You pay premium only once.
- Part of it goes to life insurance cover.
- Rest is invested in LIC’s ULIP funds.
- Returns depend on market performance.
Key Features of LIC Nivesh Plus Plan 849
| Feature | Details |
|---|---|
| Plan Type | Single Premium ULIP |
| Plan Number | 849 |
| Entry Age | 90 days – 70 years |
| Maximum Maturity Age | 85 years |
| Premium Payment | One-Time (Single Premium) |
| Minimum Premium | ₹1,00,000 |
| Maximum Premium | No limit |
| Policy Term | 10 – 35 years |
| Sum Assured Options | 1.25 × Premium or 10 × Premium |
| Fund Options | Bond, Secured, Balanced, Growth |
| Partial Withdrawal | Allowed after 5 years |
| Loan Facility | Not available |
| Tax Benefits | 80C & 10(10D) (conditions apply) |
How LIC Nivesh Plus Works?
- You invest a lump sum premium (e.g., ₹5 Lakhs).
- LIC deducts charges (allocation, mortality, fund management).
- Remaining amount is invested in chosen funds.
- Your investment grows as per market performance.
- On maturity → you get Fund Value.
- On death → nominee gets Sum Assured or Fund Value (whichever is higher).
Investment Options in Nivesh Plus (Fund Choices)
| Fund Type | Risk Level | Where Money is Invested | Best For |
|---|---|---|---|
| Bond Fund | Low | Govt. Securities, Bonds | Very safe investors |
| Secured Fund | Low-Medium | Debt + Small Equity | Balanced safety seekers |
| Balanced Fund | Medium | Equity + Debt | Moderate risk takers |
| Growth Fund | High | Equity focused | Aggressive, long-term investors |
👉 Pro Tip: If your investment horizon is 10+ years, Growth Fund usually beats others due to compounding in equities.
LIC Nivesh Plus – Example & Illustration
Example 1: Rajesh (Age 30) invests ₹5,00,000 (Growth Fund) for 20 years
- Option 1: 6% annual return → ₹16 Lakhs approx.
- Option 2: 8% annual return → ₹23 Lakhs approx.
- Life Cover → ₹50 Lakhs (10× Premium).
Example 2: Meera (Age 40) invests ₹3,00,000 (Balanced Fund) for 15 years
- Option 1: 6% return → ₹7 Lakhs approx.
- Option 2: 8% return → ₹10 Lakhs approx.
- Life Cover → ₹30 Lakhs.
Premium Chart (Illustration Table)
| Age | Premium | Term | Fund | Sum Assured | Approx Maturity (6%) | Approx Maturity (8%) |
|---|---|---|---|---|---|---|
| 25 | ₹1,00,000 | 20 yrs | Growth | ₹10 Lakhs | ₹3.2 Lakhs | ₹4.7 Lakhs |
| 30 | ₹3,00,000 | 20 yrs | Balanced | ₹30 Lakhs | ₹9.5 Lakhs | ₹14 Lakhs |
| 35 | ₹5,00,000 | 25 yrs | Growth | ₹50 Lakhs | ₹21 Lakhs | ₹32 Lakhs |
(Figures are estimates; actual returns depend on fund performance)
Benefits of LIC Nivesh Plus 849
1. Single Premium Convenience
Pay once, no tension of yearly payments.
2. Dual Advantage
Life cover + investment growth.
3. Market-Linked Returns
Higher potential than traditional LIC plans.
4. Liquidity
Partial withdrawal after 5 years.
5. Flexibility
Switch funds between equity, debt, balanced.
6. Tax Benefits
Premium under 80C, maturity tax-free (if SA ≥ 10× Premium).
Investor Scenarios
Scenario 1: NRI Investor
Ramesh (NRI, Age 35) invests ₹10 Lakhs once in Growth Fund (20 yrs).
- Fund value after 20 years → ₹32–48 Lakhs.
- Family in India also gets life cover.
Scenario 2: Parents Saving for Child Education
Neha invests ₹5 Lakhs in Balanced Fund (15 yrs).
- Expected corpus → ₹14–20 Lakhs.
- Perfect for child education or marriage.
Scenario 3: Retirement Planning
Sunil (Age 40) invests ₹7 Lakhs (20 yrs).
- At 8% return → ₹33 Lakhs approx.
- Useful as retirement lump sum.
Analyst Insights on LIC Nivesh Plus
- Insurance Advisors: “Perfect for those who have surplus money and want life cover + market growth in a single premium.”
- Market Analysts: “Returns depend on fund performance. Growth Fund usually works best for 15+ years.”
- Financial Planners: “Not ideal for those who want fixed returns. Best for moderate-to-high risk takers.”
LIC Nivesh Plus vs Other LIC Plans
| Feature | Nivesh Plus 849 | SIIP 752 | Endowment 914 |
|---|---|---|---|
| Premium | Single | Regular | Regular |
| Returns | Market-linked | Market-linked | Guaranteed (Bonus) |
| Liquidity | After 5 years | After 5 years | Limited Loan |
| Best For | Lump sum investors | Salaried investors | Conservative investors |
Pros & Cons of LIC Nivesh Plus
✅ Advantages
- One-time premium payment
- Insurance + investment combo
- Fund switching flexibility
- LIC brand trust
- Tax benefits
❌ Disadvantages
- Returns not guaranteed
- Charges (mortality, fund management) reduce returns
- Not suitable for short-term goals
Tips to Maximize Returns in Nivesh Plus
- Choose Growth Fund for 15+ years.
- Invest higher (₹5L+) for better compounding.
- Don’t withdraw early; let money grow.
- Keep a separate term insurance for higher life cover.
- Review fund performance every 3 years.
FAQs – LIC Nivesh Plus 849
Q1. Is Nivesh Plus a guaranteed return plan?
👉 No, it is a market-linked ULIP.
Q2. Can I pay premium yearly?
👉 No, only one-time single premium.
Q3. What is the minimum premium?
👉 ₹1,00,000.
Q4. Can I switch between funds?
👉 Yes, fund switching is allowed.
Q5. What if I die during policy term?
👉 Nominee gets higher of Fund Value or Sum Assured.
Q6. Is maturity amount tax-free?
👉 Yes, if Sum Assured ≥ 10× Premium.
Q7. Can NRIs buy this plan?
👉 Yes, NRIs are eligible.
Final Verdict – Should You Invest in Nivesh Plus 849?
LIC Nivesh Plus 849 is ideal for:
- Investors with lump sum funds (bonus, FD maturity, NRI remittance).
- Parents saving for child’s future.
- Long-term investors (10–25 years) who want equity exposure with LIC’s safety.
👉 Avoid if you want 100% guaranteed fixed returns. Instead, look at Jeevan Labh 936 or Jeevan Anand.
Best Strategy:
- Take Nivesh Plus for wealth creation.
- Combine with a pure term plan for larger insurance cover.
