LIC Nav Jeevan Shree Plans 911 and 912 deliver guaranteed additions on endowment savings, helping shield policyholders from stock market swings amid 2025’s economic uncertainties. These non-linked, non-participating plans (UIN: 512N390V01 for Plan 911; 512N387V01 for Plan 912) combine life cover with fixed returns, appealing to conservative investors in India who prefer stability over market-linked products like mutual funds or ULIPs. Launched on July 4, 2025, they suit families and professionals prioritizing tax-efficient wealth accumulation under Sections 80C and 10(10D), subject to prevailing tax laws and conditions.
Plan 911: Single Premium Option
Plan 911 is a single premium, non-linked, non-participating endowment plan where you pay once and stay covered for a fixed term of 5 to 20 years. Guaranteed additions accrue at ₹85 per ₹1,000 of Basic Sum Assured for each completed policy year until earlier death or maturity, significantly boosting the maturity or death benefit. The minimum Basic Sum Assured is ₹1,00,000, with no overall maximum in standard channels (subject to underwriting), while a maximum death Sum Assured of ₹25 lakh per life applies only under the POSP-LI/CPSC-SPV channel.
Entry age ranges from 30 days to 60 years for Option I and 30 days to 40 years for Option II, with maximum maturity age up to 75 years (Option I) or 60 years (Option II), varying by entry age and chosen policy term. Once the policy acquires a surrender value, loans can be availed as a percentage of the surrender value; typically lower (around half) in early durations and up to about 80% at later durations, as per LIC’s loan norms for this plan.
Key Highlights – Plan 911
Plan 912: Limited Premium Flexibility
Plan 912 is a limited premium, non-linked, non-participating endowment plan where premiums are paid for a shorter period while coverage continues for a longer policy term. Premium-paying terms (PPT) are 6, 8, 10, or 12 years, mapped to policy terms generally between 10 and 20 years, with specific PPT–term combinations defined in LIC’s brochure. The minimum Basic Sum Assured is ₹5,00,000, with no stated maximum, subject to underwriting approval.
Guaranteed additions in Plan 912 are expressed as a percentage of the tabular annual premium (before modal factors, extra premiums, or taxes), typically in the 8.5% to 9.5% range depending on both policy term and premium-paying term. For online purchases without intermediary, LIC provides additional incentives over these base guaranteed addition rates; for example, around +0.75% on shorter PPTs like 6 or 8 years and about +1.25% on longer PPTs like 10 or 12 years; so the effective guaranteed addition rate is higher than offline base rates for eligible online policies.
The minimum entry age is 30 days, and the maximum entry age is around 59–60 years depending on PPT and term (for instance, up to 60 years for shorter PPTs and about 59 years for the longest PPT–term combinations), with policy terms structured so that maximum maturity age does not exceed 75 years.
Key Highlights – Plan 912
Note: Exact guaranteed addition rates vary by specific combination of policy term and PPT; refer to the official LIC Nav Jeevan Shree 912 brochure tables for precise values.
Core Benefits and Payout Structure
For both plans, the Sum Assured on Death and overall death benefit are defined clearly in the policy document and depend on whether you choose Option I or Option II. In all cases, the total death benefit will not be less than 105% of total premiums paid (excluding taxes and rider premiums, if any) up to the date of death, as required under current regulations.
Basic structure of death benefits:
- Definition of Basic Sum Assured on Death
For these plans, the Basic Sum Assured on Death is generally defined as the higher of: - Plan 911 (Single Premium)
- Option I: Death benefit is based on at least 1.25 times the tabular single premium, subject to not being less than the Basic Sum Assured on Death, plus accrued guaranteed additions up to the date of death.
- Option II: Death benefit is based on 10 times the tabular single premium, subject to not being less than the Basic Sum Assured on Death, plus accrued guaranteed additions.
- Plan 912 (Limited Premium)
- Option I: Death benefit is based on 7 times the tabular annual premium (mode-adjusted as per brochure) or the Basic Sum Assured on Death, plus accrued guaranteed additions, subject to the 105% premium floor.
- Option II: Death benefit is based on 10 times the tabular annual premium (mode-adjusted) or the Basic Sum Assured on Death, plus accrued guaranteed additions, again subject to the 105% premium floor.
Maturity and settlement options
On survival to the end of the policy term with all due premiums paid, the maturity benefit under both plans consists of the full Basic Sum Assured plus the total guaranteed additions accrued over the term. LIC offers a settlement option where the maturity (or death) proceeds can be taken in installments over a chosen period such as 5, 10, or 15 years, subject to minimum installment amounts (for example, a minimum monthly installment amount like ₹5,000), allowing policyholders or nominees to structure a regular income from the lump sum.
Surrender value and loans
- The policy acquires a Guaranteed Surrender Value (GSV) after it runs for at least the minimum required period; immediately in case of the single-premium Plan 911 and typically after payment of at least two full years’ premiums in Plan 912.
- The GSV is calculated using LIC’s surrender value factors applied to total premiums paid and, where provided, a portion of accrued guaranteed additions, which can start around 30% after the basic eligibility period and increase with policy duration.
- A Special Surrender Value (SSV) may also be declared, and on surrender the policyholder receives the higher of GSV or SSV.
- Once the policy has a surrender value, loans can be availed as a specified percentage of that value, with exact percentages notified by LIC from time to time for these plans.
Eligibility, Suitability, and Planning Use-Cases
Broadly, both Nav Jeevan Shree plans are structured so that the maximum maturity age is 75 years, with variations by option, term, and channel, and the minimum maturity age is 18 years. There are no special loyalty additions or extra maturity benefits in the official documents specific only to female lives; benefits are uniform unless LIC explicitly introduces gender-differentiated features in future updates.
Investors can purchase these plans through LIC agents, branches, and LIC’s online portal, with Plan 912 offering additional guaranteed addition incentives for eligible online purchases without an intermediary. These plans are particularly suitable for:
- Conservative savers who want assured, contractually guaranteed additions instead of market-linked returns.
- HUFs and salaried individuals looking to combine life cover with long-term savings for goals like education, marriage, or retirement, while claiming deductions under Section 80C and potential tax exemption on maturity and death benefits under Section 10(10D), subject to conditions such as the premium-to-Sum-Assured ratio and tax law in force at the time.
Prospective buyers should always refer to the latest LIC brochures and policy documents on licindia.in, and use the official premium calculators on the site to estimate premiums, total benefits, and indicative returns before committing. This ensures the chosen combination of plan, option, policy term, and premium-paying term fits their risk profile, time horizon, and cash-flow needs in 2025 and beyond.
Consult a licensed insurance advisor or financial planner to assess which of the 2025 LIC schemes, if any, fit your financial goals, risk profile, and tax situation, or discuss your queries on life insurance and LIC plans at +91‑7832933580.
