If you’re someone who wants to build wealth without recurring commitments, and still wants the peace of mind that comes with insurance, then LIC Nav Jeevan Shree Plan 911 could be just what you’re looking for. This special single premium plan from Life Insurance Corporation of India is designed for people who want to make a one-time investment and watch it grow steadily with the dual benefit of protection and savings.
But is it worth putting your hard-earned money into? Let’s dive into the fine details, the benefits, and the long-term potential of the Nav Jeevan Shree (911) plan, and help you decide if it’s the right fit for your financial goals.
Also see: LIC Nav Jeevan Shree Plan 912 details
What Exactly is LIC Nav Jeevan Shree plan 911?
In simple terms, Nav Jeevan Shree is a non-linked, non-participating, individual, life insurance plan with a single premium payment structure. That means:
- You’re not required to pay premiums year after year—just one payment upfront.
- It does not participate in LIC’s profits (non-participating).
- It’s not linked to the stock market (non-linked), so it provides stable returns without volatility.
The plan is aimed at individuals who have a lump sum amount available for investment and want the security of life insurance coupled with a guaranteed return structure.
Key Features at a Glance
Although we’re keeping bullet points minimal, these few features are worth highlighting for clarity:
- Single Premium Payment: No hassles of yearly payments. Pay once and enjoy coverage and maturity benefits.
- Policy Term: 10 years.
- Minimum Entry Age: 90 days.
- Maximum Entry Age: 44 years.
- Sum Assured: ₹5 lakhs or more, in multiples of ₹25,000.
Now, let’s go deeper into the actual benefits and structure.
Why Choose a Single Premium Plan Like This?
Let’s say you receive a large amount as a bonus, maturity from another policy, or even an inheritance. Instead of letting that money sit idle in your savings account, you could invest it in a single premium policy like this. The logic is simple:
- You invest once.
- You don’t have to remember yearly due dates.
- Your capital is protected.
- You receive life cover.
- You get a lump sum at the end of the term.
For risk-averse investors, this is a win-win.
LIC’s Promise of Stability and Trust
When you’re putting money into any long-term plan, especially for 10 years, you want an institution you can rely on. LIC is not just a household name in India, it’s a sovereign-backed entity, meaning it carries the implicit trust of the Government of India.
The Nav Jeevan Shree plan builds on LIC’s legacy of trust, delivering a low-risk but rewarding investment option that sits perfectly between traditional insurance and fixed-return schemes.
Understanding the Maturity Benefit
Here’s where things get interesting. Since this is a non-linked plan, your returns are pre-decided based on the premium you invest and your age at entry.
Let’s take an example:
- Suppose you’re 30 years old and you invest ₹1,00,000 as a single premium.
- At the end of 10 years, you could receive a maturity amount in the range of ₹1,80,000 to ₹2,00,000 depending on the guaranteed addition and LIC’s benefit structure.
The exact maturity value is fixed and communicated at the time of buying the policy, so there’s no guesswork or market dependence. That means peace of mind.
Life Cover: How Much Protection Do You Get?
In case of the unfortunate demise of the policyholder during the policy term, the nominee receives the Sum Assured on Death, which is higher of the following:
- 125% of the Single Premium paid (excluding taxes and rider premiums), or
- Sum Assured on Maturity.
This means that even if something happens in the early years, your nominee still receives more than what you invested—a valuable feature especially for individuals with financial dependents.
Tax Benefits and Liquidity
Like most LIC plans, this one too offers tax benefits under Section 80C for the premium paid. The maturity amount is also tax-free under Section 10(10D), provided the conditions are met (which they usually are for this plan structure).
And yes, even though it’s a long-term plan, liquidity is possible after 1 year, thanks to the policy’s loan and surrender options.
- After 1 year, you can surrender the policy and receive a percentage of the Single Premium as per LIC’s surrender value chart.
- Alternatively, if you need short-term funds, you can avail a loan against the policy—usually up to 75-90% of the surrender value.
This combination of security and liquidity makes the plan ideal for smart financial planners.
Is This Plan Right for You?
Let’s take a moment to explore who this plan is not for—because financial products are not one-size-fits-all.
This plan is not ideal for:
- High-risk takers looking for equity-like returns.
- People who prefer short-term instruments or early liquidity.
- Individuals who don’t have a lump sum amount available upfront.
However, it is perfect for:
- Salaried professionals with annual bonuses or gratuity payouts.
- Retirees who want to park surplus money safely for the next 10 years.
- Parents or grandparents looking to create a financial gift or milestone fund for their children.
The entry age ceiling of 44 years also ensures that the returns remain attractive and the risk for LIC remains manageable.
Real-Life Scenario: A Case Study
Meet Rakesh, 35, an IT professional in Mumbai. He receives a performance bonus of ₹5 lakhs and wants to invest it in something safe for his 5-year-old daughter’s future.
Instead of putting it in an FD, he chooses LIC Nav Jeevan Shree (Plan 911). He invests ₹5 lakhs once and forgets about it. In 10 years, on maturity, he gets around ₹9.5 to ₹10 lakhs tax-free. His daughter turns 15, just in time to start planning for higher education.
Plus, in case anything unfortunate happens during the policy term, his nominee (his wife) is secured with a guaranteed life cover. It’s simple, safe, and emotionally secure.
Optional Add-Ons You May Include
1. Comparison with Other LIC Single Premium Plans
A side-by-side comparison with other LIC plans like Bima Bachat or Dhan Vriddhi could help readers see how Plan 911 stacks up.
2. Agent’s Perspective
What makes this plan easy to sell from an LIC agent’s viewpoint? You could add a small section on commissions, ease of explanation, and client objections.
3. Bonus and Loyalty Additions (if any in future updates)
Though Plan 911 is non-participating, if LIC revises or launches a 911-A with loyalty additions, updating this section would be valuable.
4. Customer Reviews or Testimonials
Including real customer stories or feedback adds social proof and builds trust in the article.
5. Common Myths About Single Premium Policies
Clearing doubts like “Are returns really tax-free?” or “Is it better than FD or PPF?” helps improve ranking for FAQ-type queries.
Final Thoughts: The Long Game Pays Off
The beauty of LIC Nav Jeevan Shree Plan 911 lies in its simplicity and commitment. You don’t have to worry about market ups and downs. You don’t have to worry about missing annual premiums. You invest once, sit back, and let the plan do its work.
In a world full of financial noise and complex products, this LIC plan cuts through the clutter to deliver what truly matters—certainty, protection, and steady returns.
So if you’ve got a lump sum amount just sitting in your savings account, ask yourself: Could it be working harder for you?
If the answer is yes, then maybe it’s time to speak to your LIC advisor and explore how Nav Jeevan Shree could be the silent warrior in your wealth-building journey.
Disclaimer: The information provided in this article is for general awareness and educational purposes only. It is based on publicly available LIC documentation and may be subject to change without prior notice. Readers are advised to verify details with official LIC sources or consult a certified LIC agent before making any financial decisions. The article does not constitute financial advice, and we are not liable for any decisions made based on this content. Investment in insurance products is subject to terms and conditions. Always read the policy brochure and understand the benefits, risks, and exclusions carefully.