Kasinathan Insurance Consultant

• Nivesh Plus is a single premium ULIP plan. This plan provides tax benefits. As it is a one-time payment plan it is a hassle-free investment option.

• You can invest with a lum sump small amount of 1 Lakh. There is no upper limit for investment.

• This plan provides four different fund options – Bond, Secured, Balanced and Growth.

• You can switch freely between these fund options. The switching is allowed four times in a year.

• You can partially withdraw money after 5th year onwards.

• This plan provides life cover options. One can select sum assured of 10 times of single premium or 1.25 times of the single premium. If your intention is pure investment you can go for 1.25 times cover. Whereas if you want insurance with tax benefits you can go with 10 times cover.

• At the policy maturity, you will get the Unit fund value.

• This plan provides guaranteed additions in addition to the unit fund value.

Eligibility

Minimum Entry Age – 90 days

Maximum Entry Age -35 years to 70 years as per life cover selection.

Minimum Maturity Age – 18 years

Maximum Maturity Age – 50 years to 85 years

Policy Term

Option 1: If Basic Sum Assured is 1.25 times of Single PremiumOption 2: If Basic Sum Assured is 10 times of Single Premium

For age at Entry up to 25 YearsFor Age at entry 26 to 30 YearsFor age at entry 31 to 35 years

10 to 25 years10 to 25 Years10 to 20 Year10 Years

Nivesh Plus Plan Fund Options

LIC Nivesh Plus Plan provides four different fund options.

Bond Fund – Bond Fund is suitable of the low risk investor. It is relatively safe option where money is invested in fixed income securities. This fund invests 60% of amount in government guaranteed securities and 40% in money market instruments. Equity investment is NIL.

Secured Fund – Secured Fund is suitable for lower or medium risk investor. This option is expected to provide steady income. In secured fund 45-85% money is invested in fixed income instrument, 0-40% in money market instrument and 15-55% is invested in equity. 

Balanced Fund –  Balance Fund is for medium risk investor. This fund provides balance income and growth to the investor. In balance fund 30-70% money is invested in fixed income instrument, 0-40% in money market instrument and 30-70% is invested in equity. 

Growth Fund – Growth Fund is for high risk investor. This fund is intended to provide long term capital growth to the investor. In growth fund 20-60% money is invested in fixed income instrument, 0-40% in money market instrument and 40-80% is invested in equity.

Investor has option to select and switch between these funds throughout policy term.

Benefits 

Maturity Benefit – On the maturity of plan, you will get unit fund value. The amount will be based on NAV on that date.

Death Benefit – On the death of policy holder during policy term, you will get sum assured as opted while purchasing the policy.