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All About The LIC Nivesh Plus Plan

Published On Jun 29, 2021, Updated On Jun 30, 2021

The world is moving at a pace faster than ever and it is important to secure your financial assets. This helps you get stability for the future and keeps you away from facing any financial crises. There are a variety of insurance plans available for every need and circumstances. One such plan is the LIC Nivesh Plus Plan. 

It is always the best practice to know all about the insurance plan of your choice as it helps you make the best of all its features. Here is all about the LIC Nivesh Plus Plan.

What is the LIC Nivesh Plus Plan?

The LIC Nivesh Plus is a Unit Linked, Non-Participating, Single Premium Individual Life Insurance plan. Therefore, it offers insurance as well as an investment component. This is available under a single premium charge which is duly divided. The plan provides insurance cover as well as investment opportunities in market-linked funds, throughout the entire policy term. 

Choice of Investment Funds Under Nivesh Plus

It is up to the policyholder to choose the type of investment fund they would want to invest in. There are many options available including balanced funds, cash funds etc. These involve varying degrees of risks and yield returns accordingly. 

The policyholder can choose to invest in any of the funds depending on their risk appetite and their goals regarding wealth-creation. You are even free to switch between funds. This flexibility makes ULIPs and the LIC Nivesh Plus Plan a popular choice. 

Benefits Available Under LIC Nivesh Plus

A determining factor on which the choice of an insurance plan depends is of course the benefits it offers. Here are the benefits offered by the LIC Nivesh Plus Plan:

  • Death Benefit

The LIC Nivesh Plus plan pays out a death benefit to the nominees in case the policyholder passes away. 

  • If the policyholder dies before the date of commencement of risk, the benefit paid out is equal to the unit fund value.
  • If the policyholder dies after the date of commencement of risk, the benefit paid out, is higher than the basic sum assured (without partial withdrawals if they have been done two years before the date of death) and the unit fund value.
  • Maturity Benefits

Maturity benefits are paid out when the LIC Nivesh Plus plan reaches maturity with the policyholder still surviving. The amount is equal to the Unit Fund Value.

  • Rider Benefits

The LIC Linked Accidental Death Benefit can be added to the LIC Nivesh Plus plan to enhance its protection. In case the policyholder passes away due to an accident, the death benefit is paid out in a lump sum. The amount of the Accident Benefit Sum Assured must be less than the basic sum assured.


Other benefits under this plan include fund switching options, guaranteed additions and more. Overall, they greatly enhance the plan and provide robust cover and protection to all policyholders. These various facilities and more make the LIC Nivesh Plus plan, a popular life insurance plan

Also read 

Most Frequently Asked Questions About ULIPs

Top 10 Benefits of ULIPs

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.             

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