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.