What is the LIC nivesh Plus plan?

Rachana399

LIC's Nivesh Plus is a Unit Linked Insurance Plan (ULIP) which offers you the dual benefit of life insurance and investment. Under this plan, a part of your premium is allocated towards life insurance cover and the remaining is invested in funds you choose. The performance of your investment is linked to the market performance and the value of your units will fluctuate with the market conditions. You can choose from a variety of investment options and switch between them as per your needs. The plan also offers you the facility to top-up your investment to maximize your returns. You can avail of tax benefits under this plan as per the prevailing tax laws.

Arpitha729

LIC's Nivesh Plus is a policy that offers both protection and savings. It is a non-participating plan that provides for both lump sum and periodic payments on the occurrence of death during the policy term. The policy term and premium paying term can be choosen by the policyholder, and the death benefit is payable either as a lump sum or in equal monthly instalments, over the chosen period. The plan also offers an inbuilt terminal bonus, which is payable on the maturity of the policy.

redgorilla442

LIC Nivesh Plus plan is a savings-oriented life insurance policy offered by Life Insurance Corporation of India (LIC). It is primarily designed to help individuals save and build wealth over a long term period while providing life coverage.

Here are the key features of this policy:

It allows policyholders to choose from four different investment strategies depending on their risk appetite.
The policy provides a wide range of life insurance options and is customizable to your specific needs.
It features an exclusive loyalty bonus, which is payable if you remain the policy for a specified period of time.

4.The policyholder can avail of the option of redeeming their policy at any time without attracting a penalty.

The LIC Nivesh Plus plan also provides tax benefits on premiums paid and loyalty bonuses received.

To know more, you can visit this link - https://www.licindia.in/products-details/12/405/life-insurance/lics-nivesh-plus

joseph_kumari

LIC Nivesh Plus Plan is a non-participating, traditional, single premium endowment life insurance plan from Life Insurance Corporation of India (LIC).

The main features of LIC Nivesh Plus Plan are as follows:

Guaranteed Sum Assured:
The plan provides a guaranteed sum assured of Rs 1 lakh at maturity.
Additional Benefits:
The plan offers additional benefits such as loyalty additions and reversionary bonuses.
High Returns:
The plan offers high returns with a minimum guaranteed rate of return of 6% p.a.
Flexibility of Premium Payment:
The plan allows flexibility in premium payment with options to pay premium annually, semi-annually and quarterly.
Tax Benefits:
The policyholder can avail tax benefits under the applicable laws.

LIC Nivesh Plus Plan is ideal for those looking for high returns on their single premium investments with the assurance of life Insurance cover. To know more, visit: https://www.licindia.in/Products/Nivesh_Plus.aspx

angryfrog129

LIC Nivesh Plus is a retirement and savings plan from Life Insurance Corporation of India (LIC). The plan is a non-linked, non-participating endowment assurance plan that offers a number of savings and retirement options. This plan is a great option for those looking to build up a corpus of money for retirement.

The plan provides you with the convenience and security of investing in a guaranteed and tax-efficient product, while still giving you the freedom to invest in high-yielding securities and enhance returns. You can choose to invest in stocks, bonds, mutual funds, gold, and other saving instruments through this plan.

The LIC Nivesh Plus plan also features a wide range of riders that you can choose from to avail additional benefits like waiver of premium or a lump-sum payment in the event of death or disability. The plan also offers flexibility in terms of premium paying terms – you can choose to pay premiums on an annual, half-yearly, quarterly, or monthly basis.

Overall, this plan is a great option for those seeking to build up a corpus for retirement and wanting to benefit from flexibility and security.