LIC Nav Jeevan Shree Plan 912: A Comprehensive Guide for 2025

If you are planning to invest in a guaranteed return insurance-cum-savings plan, LIC Nav Jeevan Shree (Plan No. 912) might just be the perfect fit. Introduced on 4th July 2025, this plan is designed to offer life cover, guaranteed additions, and savings benefits, all bundled into one well-structured product. Let’s dive deep into all aspects of this policy so you can make an informed investment decision.

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What is LIC Nav Jeevan Shree Plan 912?

LIC Nav Jeevan Shree Plan 912 is a Non-Linked, Non-Participating, Limited Premium Endowment Plan. It falls under the savings category and is tailored for individuals looking for life cover with guaranteed returns. The plan offers flexible premium payment terms (PPT), guaranteed additions, and optional riders to enhance protection.

Also see: LIC Nav Jeevan Shree Plan 912 in hindi

Key Features at a Glance

Also see: LIC Jeevan Shree Plan 911 Details

Eligibility Criteria for Jeevan Shree Plan 912

Age Limits:

• Minimum Entry Age: 30 days (completed)
• Maximum Entry Age: 60 years (for PPT 6, 8, 10 years)/ 59 years (for PPT 12 years)
• Minimum Maturity Age: 18 years
• Maximum Maturity Age: 75 years

Sum Assured:

• Minimum: ₹5,00,000
• Maximum: No limit (subject to underwriting)

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Death Benefit Options

Policyholders can select from two options at the time of purchasing the plan:

• Option I: Higher of 7 times the annual premium (adjusted for mode) or Basic Sum Assured.
• Option II: Higher of 10 times the annual premium (adjusted for mode) or Basic Sum Assured.

The death benefit will always be at least 105% of the total premiums paid.

Maturity Benefit

If the life assured survives till the policy maturity and all premiums have been paid, the following will be paid:

• Sum Assured on Maturity (equal to Basic Sum Assured)
• Accrued Guaranteed Additions

LIC New Jeevan Shree 912 Maturity Calculator – How to Calculate Returns?

If you’re wondering how much you’ll receive on maturity under the LIC New Jeevan Shree Plan 912, then understanding the maturity calculator is essential.

What Determines the Maturity Amount?

The total maturity benefit of this plan is calculated based on three major components:

• Sum Assured – The guaranteed amount chosen at the time of buying the policy
• Simple Reversionary Bonus – A bonus added every year by LIC
• Final Additional Bonus (FAB) – A one-time bonus added at maturity (if applicable)

Basic Formula for Maturity Calculation:

Maturity Amount = Sum Assured + Accrued Bonus + Final Additional Bonus (FAB)

Example:

Suppose you choose a Sum Assured of ₹25,00,000 and the policy earns a yearly bonus of ₹50 per ₹1,000 of Sum Assured. If the policy term is 25 years:

• Accrued Bonus = ₹50 × (25,00,000 / 1,000) × 25 years = ₹31,25,000
• Final Additional Bonus (assumed) = ₹2,00,000
• Total Maturity Amount = ₹25,00,000 + ₹31,25,000 + ₹2,00,000 = ₹58,25,000

Note: This is only an estimated example. Actual bonus rates vary and are declared annually by LIC.

Guaranteed Additions

Guaranteed Additions accrue at the end of each policy year for fully paid premiums. The rates depend on the policy term:

Incentives such as high sum assured, online purchase, CIS, and existing policyholder status can enhance the GA rates further.

Premium Payment Modes

You can pay your premiums via:

• Yearly
• Half-Yearly
• Quarterly
• Monthly (via NACH/e-NACH)

Premium frequency affects the modal adjustment factor, which impacts death benefit calculations.

Optional Riders

To enhance coverage, LIC offers the following riders:

1. LIC’s Accidental Death and Disability Benefit Rider

• Additional sum assured on accidental death.
• Disability benefits paid over 10 years + future premiums waived.

2. LIC’s Accident Benefit Rider

• Lump sum payout on accidental death.

3. LIC’s New Term Assurance Rider

• Additional term insurance cover during the policy term.

4. LIC’s Premium Waiver Benefit Rider

• Available for policies with minor life assured.
• Waives premium if proposer dies during the rider term.

Note: Riders are not available for POSP-LI/CPSC-SPV channels.

Settlement and Death Benefit Options

Both maturity and death benefits can be availed in instalments over 5, 10, or 15 years. This is ideal for ensuring a steady income stream post-retirement or after the insured’s demise.

Minimum Installment Amounts:

Surrender, Paid-Up, and Revival Options

Surrender

• Allowed after payment of 1 full year’s premium.
• Surrender value = higher of Guaranteed Surrender Value (GSV) or Special Surrender Value (SSV).

Paid-Up Policy

• Available after paying at least one full year’s premium.
• Benefits and guaranteed additions are proportionately reduced.

Revival

• Policy can be revived within 5 years of lapse.
• Requires payment of arrears with interest + proof of insurability.

Loan Facility

• Available after paying one full year’s premium.
• Loan amount depends on policy’s surrender value.

Incentives and Rebates

• High Sum Assured Incentive: Extra Guaranteed Additions for higher coverage.
• CIS Incentive: For LIC employees and subsidiaries.
• Online Purchase Incentive: Additional Guaranteed Additions + Rider rebates.
• Loyalty Incentive: Available to existing LIC policyholders or beneficiaries.

Who Should Consider This Plan?

• Parents looking to secure their child’s future.
• Salaried professionals seeking stable returns with life cover.
• Individuals with low-risk investment appetite.
• NRIs and online-savvy investors preferring digital purchase with incentives.

Conclusion

LIC Nav Jeevan Shree Plan 912 stands out for its blend of security, guaranteed additions, and flexibility. Whether you’re a conservative investor or a seasoned LIC policyholder, this plan offers long-term value, loyalty benefits, and high coverage options.

Key Advantages:

• Stable returns through guaranteed additions.
• Flexible payment terms.
• Additional riders for enhanced coverage.
• Online & loyalty incentives for better value.

Disclaimer: The information provided in this article about LIC’s Nav Jeevan Shree (Plan No. 912) is for general informational and educational purposes only. While every effort has been made to ensure accuracy, readers are advised to refer to the official LIC website or consult a certified LIC agent for the most up-to-date policy details, terms, and conditions. This article does not constitute financial advice or a recommendation to invest. LIC may revise or modify plan features without prior notice. The website and its authors are not responsible for any financial decisions made based on the content of this article.