The country’s largest insurance company, Life Insurance Corporation of India (LIC), has launched two new plans. These plans offer a combination of savings and protection to the policyholders. The names of these plans are “Navjeevan Shri (Plan 912)” and “Navjeevan Shri Single Premium (Plan 911)”. The special thing is that both plans are also available online. Investors can buy them by visiting the official LIC website.
Both Navjeevan Shri and Navjeevan Shri Single Premium are non-participating, non-linked, individual life insurance savings plans. LIC is also offering guaranteed additions under these schemes. There is an option for settlement at the time of maturity or death. In addition, policyholders can also take a loan under these plans if needed.
Let us now understand both insurance plans in detail, one by one.
Navjeevan Shree Plan (Plan 912)
Navjeevan Shree Plan gives you the option to pay the premium for a short time. You can choose to pay for 6, 8, 10, or 12 years. The policy time can be 10 to 20 years. Anyone between the age of 30 days to 65 years can take this plan. The age at the time of policy end should be minimum 18 years and maximum 75 years. The minimum sum assured is ₹5 lakh, and there is no limit on the maximum amount. You can pay the premium monthly, quarterly, half-yearly, or yearly. The minimum premium is ₹5,000 for each payment, and the minimum yearly premium is ₹50,000.
If you pay the premium for one year, you can also take a loan under this plan.
One plan, many benefits.
LIC’s Nav Jeevan Shree gives you the dual advantage of insurance + savings with guaranteed additions and flexible payment terms.#LIC #NavJeevanShree pic.twitter.com/uScWbM09jm— LIC India Forever (@LICIndiaForever) July 4, 2025
Navjeevan Shree Single Premium Plan (Plan 911)
This plan has the same rules for age and sum assured as the Navjeevan Shree Plan. In this plan, LIC gives a guaranteed addition of ₹85 for every ₹1,000 sum assured. You can choose to get the money after maturity or death. The policy time is minimum 5 years and maximum 20 years. The minimum sum assured is ₹1 lakh, and there is no limit on the maximum amount.To know more, you can talk to a LIC agent, visit the nearest LIC office, or go to the official LIC website.
Disclaimer
This article is only for general information. It is based on many sources. Timesbull does not give advice on any scheme or investment.