Nav Jeevan Shree Plan 911
Nav Jeevan Shree Plan 911: Life in India is uncertain – medical emergencies, education needs, and retirement planning often disturb financial stability. In such times, Indians look for a policy that can provide insurance protection + guaranteed returns.
The Life Insurance Corporation of India (LIC), being the most trusted insurer for decades, offers a unique plan called LIC Nav Jeevan Shree Plan 911.
This is a non-linked, non-participating, savings-cum-protection plan that ensures:
- Guaranteed returns at maturity
- Insurance coverage during the term
- Flexible premium payment options
It’s ideal for middle-class families, professionals, and even rural investors who prefer safe investment options with risk-free savings and life cover.
What is LIC Nav Jeevan Shree Plan 911?
LIC Nav Jeevan Shree 911 is a traditional endowment-style plan with:
- Dual benefits: Life protection + wealth creation
- Single premium or limited premium payment
- Guaranteed sum assured at maturity
- Death benefit for family security
It is designed to ensure financial protection to the family in case of death of the policyholder, while also offering lump sum savings at maturity.
Key Features of LIC Nav Jeevan Shree Plan 911
- ✅ Plan Type: Non-linked, non-participating, savings + protection plan.
- ✅ Premium Payment Options: Single premium OR limited premium (5, 10, 15 years).
- ✅ Policy Term: 10 – 25 years.
- ✅ Minimum Sum Assured: ₹1,00,000.
- ✅ Maximum Sum Assured: No limit (depends on premium capacity).
- ✅ Maturity Benefit: Sum Assured + Guaranteed Additions.
- ✅ Death Benefit: Sum Assured on Death + Bonus (if any).
- ✅ Tax Benefits: Premiums eligible under Section 80C, maturity under Section 10(10D).
LIC Nav Jeevan Shree Plan 911 – Eligibility Criteria
| Particulars | Details |
|---|---|
| Plan Name | LIC Nav Jeevan Shree Plan 911 |
| Minimum Entry Age | 8 years |
| Maximum Entry Age | 60 years |
| Maximum Maturity Age | 75 years |
| Minimum Sum Assured | ₹1,00,000 |
| Maximum Sum Assured | No Limit |
| Policy Term | 10 – 25 years |
| Premium Payment Options | Single Premium / Limited Premium (5, 10, 15 years) |
| Premium Mode (Limited) | Yearly, Half-Yearly, Quarterly, Monthly (NACH/Salary deduction) |
Benefits of LIC Nav Jeevan Shree Plan 911
1. Maturity Benefit
At the end of the policy term, the policyholder receives:
👉 Sum Assured on Maturity + Guaranteed Additions.
This ensures wealth creation with risk-free returns.
2. Death Benefit
If the policyholder dies during the term:
👉 Sum Assured on Death + Guaranteed Additions till death is paid to nominee.
This ensures financial security to the family.
3. Guaranteed Additions
LIC provides guaranteed additions per ₹1,000 Sum Assured, which helps in wealth accumulation.
4. Loan Facility
After paying premiums for a minimum period (generally 2–3 years), loan can be availed against policy.
5. Tax Benefits
- Premiums under 80C
- Maturity under 10(10D)
Sample Premium & Maturity Illustration
Case Example: Mr. Rajesh, Age 35, Sum Assured ₹5,00,000, Policy Term 20 years (Limited Premium – 10 years).
| Particulars | Details |
|---|---|
| Annual Premium (approx.) | ₹47,000 |
| Premium Payment Term | 10 years |
| Total Premium Paid | ₹4,70,000 |
| Maturity Value (Sum Assured + GA) | ₹7,50,000 (approx.) |
| Total Benefit | ₹7,50,000 |
| Net Gain | ₹2,80,000 + Life Cover |
Investor Scenarios
Scenario 1 – Young Professional (Age 28)
- Chooses 15-year policy with ₹3,00,000 Sum Assured.
- Pays premium for 10 years.
- Receives lump sum maturity benefit at 43.
- Death cover protects family throughout term.
Scenario 2 – Family Man (Age 40)
- Chooses 20-year policy with ₹5,00,000 cover.
- Wants savings for children’s education.
- At maturity, receives ₹7.5 lakh – useful for higher education fees.
Scenario 3 – Retired Individual (Age 55)
- Buys single premium policy of ₹2,00,000.
- Gets lump sum maturity after 10 years.
- Suitable for retirement planning with insurance protection.
Real-Life Examples
- Amit (Age 32): Took 20-year plan, premium ₹40,000/year. After maturity, received ~₹6.5 lakh lump sum.
- Ravi (Age 45): Opted for 15-year plan for daughter’s marriage. Received ~₹4.8 lakh at maturity, which helped in expenses.
- Suresh (Age 55): Single premium of ₹1.5 lakh; after 10 years got ₹2.25 lakh maturity + insurance cover throughout.
Analyst Insights
- Financial Planners: “LIC Nav Jeevan Shree 911 is a safe investment option for risk-averse investors who want guaranteed returns + life protection.”
- Insurance Experts: “Best suited for middle-class Indians looking to save systematically for children’s education, marriage, or retirement.”
- Analysts’ Warning: “Returns may be lower compared to market-linked instruments like mutual funds, but the guarantee and security of LIC make it reliable.”
Advantages & Limitations
Advantages
✅ Guaranteed returns with life cover.
✅ Flexible premium payment (single or limited).
✅ Suitable for long-term savings goals.
✅ Family protection through death cover.
✅ Loan facility available.
Limitations
❌ Lower returns compared to equity/mutual funds.
❌ Long-term lock-in (10–25 years).
❌ Not suitable for short-term goals.
LIC Nav Jeevan Shree Plan 911 vs Other LIC Plans
| Feature/Plan | Nav Jeevan Shree 911 | Jeevan Labh 936 | Jeevan Anand 915 |
|---|---|---|---|
| Plan Type | Endowment (Guaranteed) | Limited Premium + Bonus | Whole Life + Bonus |
| Returns | Guaranteed Additions | Bonus-based | Bonus-based |
| Premium Options | Single / Limited | Limited | Regular |
| Risk Factor | Low | Low-Medium | Low-Medium |
| Ideal For | Risk-averse investors | Long-term wealth building | Lifetime cover seekers |
FAQs
Q1. What is LIC Nav Jeevan Shree Plan 911?
It is a savings + protection plan that provides guaranteed maturity benefits and life cover.
Q2. What is the entry age for this plan?
8 years minimum, 60 years maximum.
Q3. What is the policy term?
10 – 25 years.
Q4. What are the premium payment options?
Single premium or limited premium (5, 10, 15 years).
Q5. Does it provide loan facility?
Yes, after a minimum premium payment period.
Q6. Are there tax benefits?
Yes, under Section 80C and 10(10D).
Q7. Is it suitable for retirement planning?
Yes, as it provides guaranteed lump sum at maturity.
Q8. How safe is this plan?
It is a low-risk plan backed by LIC with guaranteed benefits.
Final Thoughts – Should You Invest in LIC Nav Jeevan Shree 911?
If you are looking for:
- Guaranteed maturity benefits
- Insurance coverage for family protection
- Safe and secure savings option
then LIC Nav Jeevan Shree 911 is an excellent choice.
It may not offer high returns like mutual funds or stock market, but it provides peace of mind, stability, and financial security – something every Indian family values.
👉 Ideal for middle-class salaried employees, parents planning for children’s future, and retirees looking for guaranteed savings.
