LIC of India new plan launched on 4th. July 2025 which name LIC Nav Jeevan Shree Plan 911 (Table No 911) is gauranteed bonus an endowment insurance policy with savings where the single premium paid once at the start of the policy.

LIC Nav Jeevan Shree policy 911 offers Guaranteed Addition at the rate of Rs. 85 per Rs. 1000/- Basic Sum Assured throughout the Policy Term. In this plan the premium is paid in lump sum at the beginning of the policy and the returns are given to the policyholder at the end of policy term or to the nominee in case of death of the policyholder.

Please Note: You can buy now online LIC Nav Jeevan Shree 911 through credit card/debit card, net banking, upi and wallets on LIC's New Business Platform.

LIC Nav Jeevan Shree 911 - Key features

• Pay premium once as it is a Single Premium plan
• Guaranteed Addition at the rate of Rs. 85 per Rs. 1000/- Basic Sum Assured throughout the Policy Term
• Benefit of attractive High Sum Assured Rebate
• Rebate for existing Policyholder and Nominee / Beneficiary of the deceased Policyholder
• Flexible Terms: Policy terms from 5 to 20 years
• Loan & Surrender value Available with attractive terms

Eligibility/Parameter of LIC Nav Jeevan Shree 911

LIC Nav Jeevan Shree 911 Benefits

Maturity Benefit

Sum Assured + accrued Guaranteed Additions.

Guaranteed Additions: The Guaranteed Additions shall accrue at the rate of Rs. 85 per Rs. 1,000/- Basic Sum Assured at the end of each policy year from the inception till the end of Policy Term. On death of Life Assured during the Policy Term, the Guaranteed Additions in the year of death shall be payable for full policy year.

Death Benefit

• Option I: Higher of 1.25 × Tabular Single Premium or Basic Sum Assured

• Option II: 10 × Tabular Single Premium

• Plus accrued Guaranteed Additions

• For minors (<8 yrs): Return of Single Premium (excluding taxes, extras, riders) before commencement of risk

LIC Nav Jeevan Shree 911 with an Example

An example of Rupali is purchasing this Plan with following details.

Maturity Details

If policy holder Rupali survives the policy term 19 years then Maturity will be as under.

LIC Nav Jeevan Shree 911 Additional Information

Risk Coverage: Till end of Term of the Policy.

Date of Commencement of Risk: In case of children whose age is less than 8 years risk commencement starts either from 2 years of taking the policy or 8 years old which is earlier.

Surrender : The policy can be surrendered by the policyholder at any time during the policy term.

Loan Facility: Loan facilities is available after 3 month under this policy.

Income Tax Benefits: Available under Section 80C for premiums paid only.

Suicide Clause: If insured commit suicide before 1 year he will be returned back 80% of premium what he paid.

Proposal Forms: Proposal Form no. 300, and 340 will be used under this plan.

Cooling-off Period: If a policyholder is not satisfied with the ‘Terms and Conditions” of the policy, he/she may return the policy within 30 days from the date of receipt of the policy.

Backdating interest: The policies can be back date within the same financial year.

Assignments/Nominations: Assignment and nominations is possible under this plan.