LIC Nivesh Plus Plan 749: The long-awaited moment is here—LIC has launched a plan designed to meet the demands of customers looking for high returns similar to stock market investments. On October 14, 2024, LIC introduced the Nivesh Plus Plan (Table No. 749), a ULIP (Unit Linked Insurance Plan) that combines investment and insurance. This plan is perfect for customers seeking one-time premium payments with market-linked returns. Let’s dive into the detailed features and benefits of this plan.
Why Choose LIC Nivesh Plus Plan?
Many customers are hesitant to invest in direct stock markets due to the high risks and the need for constant monitoring. For those who lack the time or expertise to manage such investments, LIC’s Nivesh Plus offers the perfect balance. Here, professional fund managers handle your investments, taking the burden off your shoulders while offering the opportunity for substantial growth.
Key Features of LIC Nivesh Plus Plan 749
- Single Premium Payment:
- The customer makes a one-time premium payment, with no recurring premiums. This feature appeals to those with lump sum amounts looking for hassle-free investment, similar to a fixed deposit but with higher potential returns.
- Minimum premium: ₹1,25,000
- Maximum premium: No limit (subject to underwriting approval based on income).
- Investment and Insurance Combo:
- This plan provides both investment returns and insurance coverage. The policyholder can choose between two options:
- Option 1: 1.25 times the single premium as insurance cover.
- Option 2: 10 times the single premium as insurance cover.
- For example, if a customer invests ₹2 lakhs, the insurance cover in Option 2 would be ₹20 lakhs.
- Flexible Fund Options:
- LIC Nivesh Plus offers four different fund options to suit varying risk appetites:
- Bond Fund: Lower risk, with investments mainly in government securities.
- Secured Fund: Medium risk, balancing between government securities and equities.
- Balanced Fund: A mix of moderate risk and returns, ideal for investors seeking both security and growth.
- Growth Fund: High risk, high reward option, with significant investment in the stock market.
- Policy Term Options:
- Option 1: The policy term can range from 10 to 25 years.
- Option 2: Policy term depends on the customer’s age. For those aged 26 to 30 years, the term ranges from 10 to 20 years. If the customer’s age is between 31 and 35 years, only a 10-year term is available.
- Age Eligibility:
- The minimum age to enter the plan is 90 days.
- The maximum entry age varies based on the selected option:
- Option 1 (1.25 times the premium as cover): Maximum age is 70 years.
- Option 2 (10 times the premium as cover): Maximum age is 35 years.
How Funds Are Managed
LIC’s Nivesh Plus Plan is professionally managed by expert fund managers, ensuring that the investments are diversified across government bonds, securities, and the equity market. This gives policyholders peace of mind that their funds are in safe hands, with opportunities for growth in the long run.
- Growth Fund: Invests a larger portion in equities, making it a high-risk, high-reward option.
- Government Securities: Minimum 20%, Maximum 60%
- Short-term Money Market: Maximum 40%
- Equities: Minimum 40%, Maximum 80%
- Balanced Fund: Provides a balance between risk and reward.
- Government Securities: Minimum 30%, Maximum 70%
- Short-term Money Market: Maximum 40%
- Equities: Minimum 30%, Maximum 70%
- Secured Fund: Low to medium risk.
- Government Securities: Minimum 45%, Maximum 85%
- Short-term Money Market: Maximum 40%
- Equities: Minimum 15%, Maximum 55%
- Bond Fund: The safest option, with no investment in equities.
- Government Securities: Up to 60%
- Short-term Money Market: Maximum 40%
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Who Should Invest in LIC Nivesh Plus?
The Nivesh Plus Plan is ideal for:
- Individuals looking to invest a lump sum amount.
- Those seeking market-linked returns without direct involvement in managing stock investments.
- Customers who prefer a combination of insurance and investment.
- Individuals who want to avoid the risk and complexity of direct equity investments but still want growth opportunities.
Final Thoughts
LIC’s Nivesh Plus Plan 749 is a fantastic option for customers wanting both investment growth and insurance cover. Whether you are risk-averse or open to higher risks for better returns, this plan offers tailored fund options to meet different financial goals.
For insurance advisors, Nivesh Plus opens a new door to sell more policies by catering to customers interested in stock market returns but hesitant about taking the plunge themselves. With expert fund management and flexible fund options, the Nivesh Plus Plan can be an attractive offer to a wide range of customers.
If you have any questions or doubts about this plan, feel free to comment below. Also, stay tuned for more insights on how you can market ULIP plans effectively!
Explore LIC Nivesh Plus Plan 749 Today!
Ready to invest in a secure yet growth-oriented plan? Contact your nearest LIC advisor or visit the LIC website to learn more about the Nivesh Plus Plan and secure your financial future today.
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