LIC Withdraws Nav Jeevan Shree (Plan 912) in FY 2025-26 – Complete Facts & Next Steps

Official Confirmation: LIC’s Nav Jeevan Shree (Plan No. 912, UIN 512N387V01) is listed as withdrawn during FY 2025-26 on LIC’s official page (licindia.in/withdrawn-plans, updated February 19, 2026). It’s Sr. No. 3 in the list.licindia+2

Key takeaway: New sales have stopped. Existing policyholders are fully protected. If seeking similar benefits + tax-saving before March 31 (Old Regime 80C), focus on currently available LIC plans.

Here’s the corrected, complete picture – no hype, just facts from official sources.

Accurate Plan Details (From Official LIC Brochure)

Launch: July 2025
Type: Non-par, non-linked endowment plan with guaranteed additions
Correct Specifications:policybazaar+2

• Premium Paying Term (PPT): 6, 8, 10, or 12 years only
• Policy Term: 10-20 years (e.g., 10-20 years for PPT 6; 16-20 years for PPT 12)
• Entry Age: 30 days to 60 years
• Minimum Sum Assured: ₹5 lakh (no upper limit, subject to underwriting)
• Guaranteed Additions: 8.5%-9.5% of total tabular annual premium (vested at maturity/death)
• Benefits:
  • Maturity: Sum Assured + Guaranteed Additions
  • Death: Higher of (10x annualized premium, Sum Assured, or 105% claims) + Guaranteed Additions
  • No survival benefits (not money-back)
  • No bonuses/loyalty additions (non-participating)

Why popular: High guaranteed returns + life cover + Section 80C eligibility (Old Regime).

Why LIC Withdrew Plan 912 (Normal Industry Practice)

LIC withdraws 20-50+ plans yearly due to:

• IRDAI product lifecycle rules (2-5 year shelf life)
• Pricing updates (interest rates, mortality, claims experience)
• Newer competitive products
• Regulatory rationalization

Timeline:

• July 2025: Launched
• ~Jan/Feb 2026: Withdrawn (exact date not public; listed Feb 19)
• March 31 urgency: Not applicable – withdrawal unrelated to FY-end/tax deadline

Reality check: No new sales possible post-withdrawal notice. “Pending applications” at branches unlikely after 1-2 months.

Existing Policyholders: Nothing Changes

100% Protected (standard for all withdrawn LIC plans):policybazaar+1
✅ Continue to maturity – full Sum Assured + Guaranteed Additions
✅ Premiums: Pay as scheduled
✅ Death benefit: Tax-free under Section 10(10D)
✅ Maturity: Tax-free if premium ≤10% Sum Assured + ₹5 lakh aggregate cap rules met
✅ Surrender/Loan: Per policy terms (early surrender = poor value)

Action needed:

• Pay premiums on time
• Update nomination if changed
• Avoid early surrender (lose 30-50% premiums in first 3-5 years)

Can You Still Buy Plan 912 Before March 31?

No – new business closed. Don’t waste time chasing branches/agents for “pending” applications (rare post-withdrawal).

For FY 2025-26 tax-saving (Old Regime 80C): Buy from active LIC plans below before March 31.

3 Accurate LIC Alternatives (All Currently Active)

1. LIC’s Jeevan Utsav (Plan 871) – Strong Long-Term Income Option

Type: Whole-life non-par with Guaranteed Additions + post-premium income
Key Features:bankbazaar+2

• Guaranteed Additions: ₹40 per ₹1,000 Sum Assured during PPT
• Post-PPT Income: 10% annual Sum Assured (Regular option) or Flexi-interest
• PPT: 15-21 years
• Cover: Lifelong (to age 100)
• Tax: 80C premiums + 10(10D) payouts
  Best for: Long-term guaranteed income + cover (not exact 912 match, but solid).

2. LIC’s New Jeevan Anand (Plan 815/915 variants) – Whole Life Protection

• Limited PPT (10-26 years)
• Maturity benefit + whole-life death cover continues post-maturity
• Lower guaranteed returns vs endowment, higher protection
• Tax: 80C + 10(10D)
  Best for: Lifelong family security.

3. LIC’s Saral Jeevan Bima (Plan 859) – Pure Term Protection

• Low cost: ₹50 lakh cover ~₹10,000/year (age 30, non-smoker)
• No maturity/savings – 100% protection
• Tax: 80C eligible; death benefit 10(10D) tax-free
  Best for: Max cover at min premium (invest surplus elsewhere).

Quick Comparison Table (Goal-Based)

All qualify for Old Regime 80C (up to ₹1.5 lakh total) + Section 10(10D) tax-free payouts (conditions apply).cleartax+1

Action Plan Before March 31, 2026

No Plan 912 Policy?

1. Skip Plan 912 – withdrawn, unavailable
2. Calculate need: 10-15x income + loans (use licindia.in calculator)
3. Choose active plan above based on goal
4. Get quote today – licindia.in or branch
5. Pay premium by March 31 (Old Regime 80C)
6. Term first (859), then savings if needed

Have Plan 912?

1. Continue premiums – fully protected
2. Don’t surrender early
3. Top-up coverage if inadequate (add term plan)

Everyone:

☐ Check YOUR plans: licindia.in/withdrawn-plans
☐ Old vs New Regime tax calculation
☐ Ensure ₹1 crore+ total family cover
☐ Annual policy review reminder

FAQ: Top Questions Answered

“Is Plan 912 completely dead?”
New sales: Yes. Existing policies: No – continue fully.

“Recent premium paid – can I cancel?”
Free-look period (15-30 days). Contact branch immediately.

“Will other LIC plans disappear?”
Normal: 20-50/year withdrawn. Check withdrawn list monthly.

“Tax-saving still possible?”
Yes – active plans qualify for 80C (Old Regime) before March 31.

Get Clarification (No Pressure)

Shagun Verma – LIC Advisor, Himachal Pradesh
Free help: Check your plans’ status, coverage needs, quotes, tax regime analysis.

WhatsApp “LIC CHECK” to 7651032666
lifeinsuranceadvisor.in

No sales push – just verify facts, get quotes from official sources.

Important Disclaimer (Educational Only)

Information from licindia.in (March 6, 2026). Verify yourself.

• Withdrawals: licindia.in/withdrawn-plans
• Tax: Income Tax Act (80C/10(10D)); consult CA
• Premiums/Benefits: Vary by age/health; exclude GST (18%)
• IRDAI: Insurance has risks. Read brochure/policy document before buying.