Life Insurance Corporation of India has made headlines with the launch of two revolutionary savings plans on July 4, 2025 – LIC Nav Jeevan Shree Plan 912 and LIC Nav Jeevan Shree Plan 911 (Single Premium). These plans are specifically designed for the younger generation seeking financial security with guaranteed returns and flexible premium payment options.
LIC’s Double Launch: Nav Jeevan Shree Plans 911 & 912
Introduced on 4th July 2025, LIC launched two variants of Nav Jeevan Shree to cater to different financial needs:
Plan 912 – Regular Premium Option
The LIC Nav Jeevan Shree Plan 912 is a non-participating, non-linked individual savings plan that facilitates regular premium to build corpus with comprehensive life coverage.
Plan 911 – Single Premium Option
The LIC Nav Jeevan Shree Plan 911 is a Single Premium policy meant for building corpus along with providing life insurance. It facilitates lump sum payment to provide for life insurance and attractive option to generate targeted corpus for individual needs.
Key Features of Nav Jeevan Shree Plans 911 & 912
Common Features (Both Plans)
- Launch Date: July 4, 2025
- Plan Type: Non-participating, non-linked individual savings plans
- Target Audience: Younger generation seeking financial security
- Guaranteed Additions: Available throughout the policy term
- Coverage: Combines savings and life protection
Plan 912 Specific Features
- Premium Payment: Regular premium payments
- Minimum Policy Term: 5 years
- Maximum Policy Term: 20 years
- Flexibility: Multiple premium payment options
Plan 911 Specific Features
- Premium Payment: Single premium (lump sum)
- Purpose: Building corpus with life insurance
- Ideal For: Individuals with lump sum investment capacity
- Targeted Corpus: Attractive option for specific financial goals
Death Benefits (Plan 912)
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 plan ensures your family receives adequate financial protection in unfortunate circumstances.
Maturity Benefits
Both plans offer attractive maturity benefits combining the sum assured with guaranteed additions, making them excellent choices for long-term wealth creation. In the current environment when interest rates are very volatile, these two Plans provide Guaranteed Additions throughout the policy term.
Eligibility Criteria
Age Limits
- Minimum Entry Age: Typically 18 years
- Maximum Entry Age: Varies based on policy term
- Maturity Age: Up to 75 years
Health Requirements
Standard health declarations and medical examinations may be required based on the sum assured and age of the applicant.
Premium Calculator & Investment Options
Understanding your premium requirements is crucial before purchasing any insurance plan. You can use the LIC Premium Calculator to estimate your premiums based on your age, sum assured, and policy term. The calculator provides detailed projections helping you make informed decisions about your investment.
For comprehensive comparison with other investment options, consider consulting resources like PolicyBazaar which offers detailed plan comparisons and expert advice.
Which Plan Should You Choose?
Choose Plan 912 (Regular Premium) If:
- You prefer paying premiums regularly over time
- You want flexible premium payment terms
- You are comfortable with systematic investment approach
- You need longer policy terms (up to 20 years)
Choose Plan 911 (Single Premium) If:
- You have a lump sum amount available for investment
- You prefer one-time payment convenience
- You want to build a targeted corpus quickly
- You are looking for immediate life cover with investment benefits
Why Choose LIC’s Nav Jeevan Shree Plans?
Guaranteed Returns
Unlike market-linked plans, both savings plans offer guaranteed additions throughout the policy term, ensuring predictable returns on your investment regardless of market volatility.
Tax Benefits
Like other LIC plans, premiums paid qualify for tax deductions under Section 80C of the Income Tax Act, while maturity proceeds are tax-free under Section 10(10D).
Flexible Premium Payment
Plan 912 offers multiple premium payment options, while Plan 911 provides the convenience of single premium payment, making both plans suitable for different financial situations.
Comprehensive Life Cover
Both plans offer comprehensive life insurance coverage with flexible benefits, guaranteed additions, and optional riders to enhance protection.
How to Apply for Nav Jeevan Shree Plans 911 & 912
Online Application
- Visit the official LIC website
- Navigate to the Nav Jeevan Shree Plans section (choose Plan 911 or 912)
- Fill in the application form with accurate details
- Upload required documents
- Pay the premium online (single premium for Plan 911, regular premium for Plan 912)
- Receive policy documents via email
Offline Application
Visit your nearest LIC branch with required documents and complete the application process with the help of LIC representatives.
Required Documents
- Age proof (Birth certificate, Passport, etc.)
- Identity proof (Aadhaar, PAN card)
- Address proof (Utility bills, Bank statements)
- Income proof (Salary slips, ITR)
- Medical reports (if required)
- Recent photographs
Comparison with Other LIC Plans
When comparing Nav Jeevan Shree Plan 912 with other popular LIC plans like Jeevan Anand or Jeevan Labh, consider factors such as premium payment terms, maturity benefits, and flexibility. For detailed comparisons, refer to trusted financial advisory platforms like MyInsuranceClub which provide comprehensive plan analyses.
Important Considerations
Grace Period
LIC typically provides a 30-day grace period for premium payments, ensuring your policy remains active even if you miss the due date.
Surrender Value
The plan offers surrender value after paying premiums for a minimum period, providing liquidity when needed.
Loan Facility
After completing a specific number of years, you can avail loan facilities against your policy, offering financial flexibility during emergencies.
Conclusion
LIC’s Nav Jeevan Shree Plans 911 and 912 represent a perfect blend of savings and protection, specifically designed for today’s generation. With guaranteed returns, flexible terms, and comprehensive life coverage, these plans stand out as excellent choices for long-term financial planning.
Whether you prefer the systematic approach of Plan 912 with regular premiums or the convenience of Plan 911 with single premium payment, both options offer the security and growth potential you need. The launch of these two variants on July 4, 2025, demonstrates LIC’s commitment to providing tailored financial solutions for different investor preferences.
Visit your nearest LIC branch or apply online to secure your financial future with Nav Jeevan Shree Plans 911 & 912.
Disclaimer: This article is for informational purposes only. Please consult with LIC representatives or financial advisors for personalized advice based on your specific financial situation and goals.
