Nav Jeevan Shree Plan 912
Nav Jeevan Shree Plan 912:
Every Indian dreams of securing their family’s financial future while building long-term savings. Whether it’s children’s education, marriage planning, or retirement needs, a safe investment with guaranteed returns is a top priority.
The Life Insurance Corporation of India (LIC), being the most trusted financial institution in India, offers Nav Jeevan Shree Plan 912, a unique savings-cum-protection plan designed for people who prefer guaranteed maturity benefits and life cover.
With flexible premium payment modes, guaranteed returns, and death benefits, this plan is a good choice for risk-averse investors who value security and stability over market-linked risks.
What is LIC Nav Jeevan Shree Plan 912?
LIC Nav Jeevan Shree Plan 912 is a non-linked, non-participating, endowment-type plan that provides:
- Life insurance cover during the policy term
- Guaranteed maturity benefits at the end of the policy
- Flexible premium payment (single or limited premium option)
In short, it’s a combination of insurance protection and risk-free savings – something every Indian family needs.
Key Features of LIC Nav Jeevan Shree Plan 912
- ✅ Plan Type: Non-linked, Non-participating, Endowment plan
- ✅ Dual Benefits: Life cover + guaranteed maturity
- ✅ Premium Payment Options: Single premium or limited premium (5, 10, 15 years)
- ✅ Policy Term: 10 to 25 years
- ✅ Guaranteed Additions throughout the policy term
- ✅ Loan Facility after a minimum period
- ✅ Tax Benefits under Section 80C and Section 10(10D)
LIC Nav Jeevan Shree Plan 912 – Eligibility Criteria
| Particulars | Details |
|---|---|
| Plan Name | LIC Nav Jeevan Shree (912) |
| 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 / Limited Premium (5, 10, 15 years) |
| Premium Payment Mode | Yearly, Half-yearly, Quarterly, Monthly (NACH/Salary deduction) |
Benefits of LIC Nav Jeevan Shree Plan 912
1. Maturity Benefit
At the end of the policy term, the policyholder gets:
👉 Sum Assured on Maturity + Guaranteed Additions
This ensures wealth accumulation over time.
2. Death Benefit
In case of unfortunate death of the policyholder during the policy term:
👉 Sum Assured on Death + Guaranteed Additions till date of death is paid to the nominee.
3. Guaranteed Additions
Guaranteed additions per ₹1,000 Sum Assured are provided every year till maturity.
4. Loan Facility
Loans can be availed after paying minimum premiums (generally 2–3 years).
5. Tax Benefits
- Premiums qualify under Section 80C
- Maturity proceeds are tax-free under Section 10(10D)
Sample Premium & Maturity Illustration
Example: Mr. Ramesh, Age 35, Sum Assured ₹5,00,000, Policy Term 20 years, Limited Premium (10 years).
| Particulars | Details |
|---|---|
| Annual Premium (approx.) | ₹48,500 |
| Premium Payment Term | 10 years |
| Total Premium Paid | ₹4,85,000 |
| Maturity Value (Sum Assured + GA) | ₹7,70,000 (approx.) |
| Total Benefit | ₹7,70,000 |
| Net Gain | ₹2,85,000 + Life Cover |
Investor Scenarios
Scenario 1 – Young Professional (Age 28)
- Chooses 15-year term with ₹3,00,000 cover
- Pays ₹28,000 annually for 10 years
- Receives ~₹4.6 lakh at maturity
- Family remains protected during the term
Scenario 2 – Family Man (Age 40)
- Chooses 20-year term with ₹5,00,000 cover
- Pays ~₹48,000 for 10 years
- Receives ~₹7.7 lakh at maturity
- Uses payout for children’s higher education
Scenario 3 – Retired Investor (Age 55)
- Opts for single premium policy of ₹2,00,000 for 10 years
- Gets ~₹2.9 lakh maturity
- Policy ensures insurance protection and retirement savings
Real-Life Examples
- Priya (Age 30): Took 20-year policy with ₹4 lakh cover. Paid ₹39,000 yearly. At maturity, she expects ~₹6.1 lakh.
- Arun (Age 42): Bought policy for son’s marriage. Paid ₹50,000 yearly for 12 years. Will receive ~₹8.2 lakh at maturity.
- Suresh (Age 55): Paid ₹2.5 lakh single premium. After 10 years, maturity will be ~₹3.7 lakh.
Analyst Insights on LIC Nav Jeevan Shree Plan 912
- Insurance Advisors: “This plan is best for risk-averse investors who want guaranteed returns with family protection.”
- Financial Planners: “Nav Jeevan Shree 912 is suitable for long-term savings goals like education, marriage, and retirement.”
- Analysts’ Note: “Returns are lower than market instruments, but LIC’s safety and guarantee make it ideal for conservative investors.”
Advantages & Limitations
Advantages
✅ Guaranteed lump sum at maturity
✅ Life cover throughout policy term
✅ Multiple premium payment options
✅ Tax benefits
✅ Loan facility
Limitations
❌ Long lock-in (10–25 years)
❌ Returns lower compared to mutual funds or equities
❌ Not suitable for short-term goals
LIC Nav Jeevan Shree 912 vs Other LIC Plans
| Feature/Plan | Nav Jeevan Shree 912 | Jeevan Anand 915 | Jeevan Labh 936 |
|---|---|---|---|
| Plan Type | Endowment (Guaranteed) | Whole Life + Bonus | Limited Premium + Bonus |
| Returns | Guaranteed Additions | Bonus + Loyalty Additions | Bonus + Final Additions |
| Premium Payment Options | Single / Limited | Regular | Limited |
| Risk Factor | Low | Low | Low |
| Ideal For | Risk-averse, guaranteed savings | Lifetime protection seekers | Long-term wealth creators |
FAQs (Google-Friendly)
Q1. What is LIC Nav Jeevan Shree 912?
It is a non-linked, non-participating endowment plan that provides guaranteed maturity value with insurance cover.
Q2. What is the entry age for this plan?
8 years minimum, 60 years maximum.
Q3. What is the maturity age limit?
Maximum 75 years.
Q4. Can I choose single premium?
Yes, both single and limited premium options are available.
Q5. Does this plan provide loan facility?
Yes, after a minimum premium payment period.
Q6. What tax benefits are available?
Premiums under Section 80C and maturity under Section 10(10D).
Q7. Is this plan better than market investments?
Returns are lower but safer compared to equity or mutual funds.
Q8. Who should invest in this plan?
Salaried professionals, middle-class families, and retirees who want guaranteed savings + life cover.
Final Thoughts – Should You Buy LIC Nav Jeevan Shree Plan 912?
If you want a policy that:
- Ensures guaranteed maturity benefits
- Protects your family with life insurance cover
- Allows flexible premium payment options
- Provides tax savings + loan facility
then LIC Nav Jeevan Shree Plan 912 is a smart choice.
It may not give high returns like equity, but it offers peace of mind, guaranteed savings, and financial stability – something every Indian family values.
👉 Best suited for salaried employees, parents planning for children’s future, and retirees seeking guaranteed lump sum at maturity.
