Nivesh Plus Plan 749
LIC Nivesh Plus 749 – It has been decided to introduce LIC’s New LIC Nivesh Plus ULIP Plan (Plan No 749) with effect from 2nd March 2020. The Unique Identification Number (UIN) for LIC’s Nivesh Plus 749 is 512L317V01. This number has to be quoted in all relevant documents furnished to the Policyholders and other users (public, distribution channel).
Introduction – Insurance + Investment in One Plan
In India, most families look for safe investment options that also provide life insurance protection. While traditional LIC plans like endowment and money-back policies are popular, new-age investors want market-linked growth along with security.
To meet this demand, LIC introduced Nivesh Plus Plan 749 – a single premium Unit Linked Insurance Plan (ULIP).
This plan offers:
- Life cover (insurance)
- Investment in funds (equity, debt, balanced)
- Flexibility to choose between insurance-heavy or investment-heavy options
It’s perfect for people who want returns better than traditional LIC policies while still enjoying the trust of LIC.
What is LIC Nivesh Plus (Plan 749)?
LIC Nivesh Plus 749 is a Unit Linked Insurance Plan (ULIP) with single premium payment. This means:
- You pay one-time premium at the beginning.
- Your money is invested in market-linked funds chosen by LIC.
- You get life insurance + returns from investments.
- At maturity, you get the fund value.
- In case of death, nominee gets Sum Assured or Fund Value (whichever is higher).
It combines protection + wealth creation.
Key Features of LIC Nivesh Plus Plan 749
| Feature | Details |
|---|---|
| Plan Type | Single Premium ULIP (Unit Linked Insurance Plan) |
| Plan Number | 749 |
| Entry Age | 90 days – 70 years |
| Maturity Age | Max 85 years |
| Policy Term | 10 – 35 years |
| Premium Payment | One-Time (Single Premium) |
| Minimum Premium | ₹1,00,000 |
| Maximum Premium | No limit |
| Death Benefit | Sum Assured or Fund Value (whichever is higher) |
| Maturity Benefit | Fund Value |
| Fund Options | Bond Fund, Secured Fund, Balanced Fund, Growth Fund |
| Loyalty Additions | Yes (in later years) |
| Partial Withdrawals | Allowed after 5 years |
| Tax Benefits | 80C & 10(10D) (subject to IRDAI limits) |
Investment Options in Nivesh Plus 749
When you invest, LIC allows you to choose fund type based on risk appetite:
| Fund Type | Risk Profile | Where Money is Invested | Suitable For |
|---|---|---|---|
| Bond Fund | Low Risk | Govt. Bonds, Debt | Safe investors |
| Secured Fund | Low to Medium Risk | Mix of Debt + Equity | Conservative investors |
| Balanced Fund | Medium Risk | Equity + Debt Balanced | Moderate investors |
| Growth Fund | High Risk | Mostly Equity | Aggressive investors |
👉 Example:
- If you want stable but low returns, choose Bond Fund.
- If you want higher growth potential, choose Growth Fund.
Types of Sum Assured Options
Nivesh Plus offers two choices at policy start:
- Option 1 (Single Premium Sum Assured):
- Sum Assured = 1.25 × Single Premium
- More investment-oriented
- Option 2 (Higher Sum Assured):
- Sum Assured = 10 × Single Premium
- More insurance-oriented
👉 If you want higher insurance cover, choose Option 2.
👉 If you want higher returns, choose Option 1.
Benefits of LIC Nivesh Plus Plan 749
1. Dual Advantage
Investment + Life Cover in one plan.
2. Market-Linked Returns
Better growth compared to traditional endowment plans.
3. Flexibility
Choice of funds & Sum Assured options.
4. Liquidity
Partial withdrawals allowed after 5 years.
5. Tax Savings
Premium under 80C & returns under 10(10D) (if conditions met).
6. Single Premium
One-time payment, no future burden.
How LIC Nivesh Plus 749 Works (Example)
👉 Suppose Ankit (Age 30) invests ₹5 Lakhs in Nivesh Plus for 20 years.
- He chooses Growth Fund and Option 2 (10× Premium Sum Assured).
- His Sum Assured = ₹50 Lakhs.
Case 1: If Ankit survives full 20 years
- He will receive Fund Value at maturity.
- If fund grows at 8% CAGR → Fund Value ≈ ₹23 Lakhs.
Case 2: If Ankit dies in year 8
- Nominee will get higher of Sum Assured (₹50 Lakhs) or Fund Value (~₹9 Lakhs).
- Hence, family is financially secure.
Premium Illustration (Tabular Data)
Example 1: Single Premium ₹2,00,000 – Option 1
| Age | Term | Fund Chosen | Sum Assured | Approx Fund Value (6% p.a.) | Approx Fund Value (8% p.a.) |
|---|---|---|---|---|---|
| 25 | 20 yrs | Growth Fund | ₹2.5 Lakhs | ₹6.4 Lakhs | ₹9.3 Lakhs |
Example 2: Single Premium ₹5,00,000 – Option 2
| Age | Term | Fund Chosen | Sum Assured | Approx Fund Value (6% p.a.) | Approx Fund Value (8% p.a.) |
|---|---|---|---|---|---|
| 30 | 25 yrs | Balanced Fund | ₹50 Lakhs | ₹16.8 Lakhs | ₹28.2 Lakhs |
Real-Life Investor Scenarios
Scenario 1 – Young Professional (Investment Focus)
Ravi (Age 28) invests ₹3 Lakhs in Nivesh Plus. He chooses Growth Fund & Option 1.
- Maturity in 20 years → ~₹13 Lakhs.
- Great for wealth creation with basic cover.
Scenario 2 – Family Man (Insurance Focus)
Amit (Age 35) invests ₹4 Lakhs, chooses Option 2 (10× Premium SA).
- Life cover = ₹40 Lakhs.
- Ensures family safety + returns of ~₹15–20 Lakhs at maturity.
Scenario 3 – Parents for Child’s Education
Sunita invests ₹5 Lakhs in Nivesh Plus when her child is 5 years old.
- Policy term = 15 years.
- At maturity → Fund value used for child’s higher education.
Analyst Opinions
- Insurance Experts: “Nivesh Plus is ideal for investors who want wealth creation with insurance security.”
- Financial Planners: “This plan suits one-time investors who dislike yearly premiums. Best for lump-sum investments like bonuses, property sale proceeds.”
- Market Analysts: “ULIPs carry risk since returns depend on fund performance. Aggressive investors may prefer mutual funds, but conservative investors trust LIC.”
LIC Nivesh Plus 749 vs Other LIC Plans
| Feature | Nivesh Plus 749 | LIC SIIP 852 | LIC New Endowment 914 |
|---|---|---|---|
| Plan Type | ULIP (Single Premium) | ULIP (Regular Premium) | Traditional Endowment |
| Risk | Market-linked | Market-linked | Low (Guaranteed) |
| Premium | One-Time | Annual/Regular | Annual/Regular |
| Maturity | Fund Value | Fund Value | SA + Bonus |
| Life Cover | 1.25× or 10× | 10× Premium | Fixed |
👉 If you prefer single premium ULIP → Nivesh Plus 749
👉 If you want regular ULIP → SIIP 852
👉 If you want guaranteed traditional plan → Endowment 914
Advantages & Disadvantages
✅ Advantages
- One-time payment (no yearly burden)
- Market-linked higher returns
- Flexibility in insurance vs investment
- LIC brand trust
❌ Disadvantages
- No guaranteed returns
- Risk of market volatility
- No regular premium option
Investor Insights & Planning Tips
- Invest only if you are okay with market risk.
- Choose Growth Fund for long term (15–20 yrs).
- For safety, pick Balanced or Secured Fund.
- Always keep separate pure term insurance for higher coverage.
FAQs on LIC Nivesh Plus 749
Q1. Is LIC Nivesh Plus 749 a guaranteed return plan?
👉 No, returns depend on market performance.
Q2. Can I switch funds later?
👉 Yes, LIC allows limited fund switches during policy.
Q3. What is the minimum premium?
👉 ₹1,00,000 (one-time).
Q4. Is this better than mutual funds?
👉 For pure investment, mutual funds may give better returns. But Nivesh Plus offers insurance + LIC trust + tax benefits.
Q5. Can I withdraw money before maturity?
👉 Partial withdrawals allowed after 5 years.
Q6. Is it good for NRIs?
👉 Yes, NRIs can also buy this plan.
Final Verdict – Should You Buy LIC Nivesh Plus 749?
LIC Nivesh Plus 749 is best for:
- Investors with lump-sum money (bonus, maturity, property sale)
- Young professionals wanting investment + insurance
- Parents saving for child’s education
- NRIs looking for LIC-backed market plan
👉 But remember:
- It’s not guaranteed.
- Returns depend on fund performance.
- Take it only if you are comfortable with moderate market risk.
Best Strategy:
- Buy Nivesh Plus for wealth creation.
- Also hold a pure term plan (like Jeevan Amar or Yuva Term) for higher life cover.
