LIC Nav Jeevan Shree Plans 911 and 912 Explained
Why in the news
LIC rolled out two guaranteed-return endowment plans under the Nav Jeevan Shree name, one paid in instalments and one paid once.
Plan comparison
| Feature | Plan 912 (Regular) | Plan 911 (Single) |
|---|---|---|
| Premium | 6, 8, 10 or 12 years | One lump sum |
| Policy term | 10-20 years | 5-20 years |
| Guaranteed additions | 8.5%-9.5% of annual premium | ₹85 per ₹1,000 sum assured yearly |
| Entry age | 30 days-60 years | 30 days-60 (Option I) or 40 (Option II) |
| Minimum cover | ₹5 lakh, no cap | ₹1 lakh |
Key facts
- Plan 912 is a limited premium endowment for long-term goals; Plan 911 suits investors with surplus funds.
Exam angle
- Insurer: LIC; category: non-linked, non-participating.
- 911 is single premium; 912 is regular.