Life Insurance Corporation of India (LIC) has introduced a new life insurance plan Nav Jeevan Shree (Plan No. 911) that caters to individuals seeking a blend of protection and savings without the commitment of annual premium payments. This single-premium, could be an attractive option for those with a surplus of investible funds.
Unlike traditional insurance plans that require regular premium payments, Nav Jeevan Shree allows the policyholder to pay the premium once and enjoy coverage and returns over the policy term.
This makes it ideal for those who may not want the burden of recurring payments or for individuals who receive lump-sum funds and want to invest them safely.
A major highlight of this plan is its guaranteed additions, which are fixed and not market-linked. These additions accrue at the rate of ₹85 per ₹1,000 of Basic Sum Assured for every policy year, beginning from policy inception and continuing till the end of the term.
For example, a policy with a ₹2,00,000 sum assured would accumulate ₹17,000 per year in guaranteed additions, totaling ₹85,000 over a 5-year term or ₹3,40,000 over 20 years on top of the death or maturity benefit.
In the unfortunate event of the policyholder's demise during the term, the nominee will receive the full Guaranteed Additions for that policy year, even if the death occurs mid-year. This ensures that the beneficiary receives a predictable and enhanced payout, offering financial support at a crucial time.
Read More: LIC Nav Jeevan Shree Plan 912 Launched: Short-Term Payment, Long-Term Cover.
LIC’s Nav Jeevan Shree Plan 911 is positioned as a an investment product with fixed returns and simple eligibility criteria. With guaranteed additions, flexible policy terms, and a one-time payment structure, it caters to conservative investors and savers who value security and simplicity over market-linked volatility.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Published on: Jul 8, 2025, 4:49 PM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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