LIC Nav Jeevan Shree - Plan 912 (Limited Premium)

LIC of India launched Nav Jeevan Shree on 4 July 2025. Plan 911 is a single-premium variant; Plan 912 is the Limited Premium Payment variant. Plan 912 combines life protection with guaranteed savings and lets you pay premiums for a limited number of years (6, 8, 10 or 12).

This is a Non-Linked, Non-Participating plan — which means guaranteed benefits without exposure to market fluctuations or bonus volatility. It offers regular Guaranteed Additions and predictable maturity and death benefits.

Who should buy Plan 912?

• People who prefer guaranteed, risk-free returns.
• Those who want both protection and disciplined savings.
• Customers who prefer paying premiums for only a limited period.
• Ideal for child education planning, family security and long-term goals.

Key features

Premium Paying Term (PPT)

Choose to pay premiums for 6, 8, 10, or 12 years. Policy Term varies with PPT and can go up to 20 years.

Entry age & maturity age

• Minimum entry age: 30 days (completed).
• Maximum entry age: up to 60 years for PPT 6/8/10; up to 59 years for PPT 12.
• Maximum maturity age: 75 years.

Basic Sum Assured

Minimum Basic Sum Assured is ₹5,00,000. Higher sums are allowed subject to underwriting.

LIC Nav Jeevan Shree - Plan 912- Benefits

Death benefit

If the life assured dies during the policy term the nominee receives the higher of:

• Option I: 7 × Annualized Premium OR Basic Sum Assured (whichever is higher)
• Option II: 10 × Annualized Premium OR Basic Sum Assured (whichever is higher)

Plus all accrued Guaranteed Additions. Minimum guaranteed death benefit is at least 105% of total premiums paid.

Maturity benefit

If the life assured survives the policy term, the maturity payout equals:

Basic Sum Assured + All Guaranteed Additions

Guaranteed Additions (GA)

Guaranteed Additions are credited every year up to completion of the premium paying term. Typical GA rates (by policy term) are:

Online purchases and high Sum Assured may attract additional incentives.

Policy loans & surrender

• Policy loan facility is available once surrender value is acquired.
• If premiums stop prematurely, the policy may become Paid-Up with reduced benefits.
• Surrender is permitted after a minimum number of premiums but reduces the guaranteed benefits; early surrender is generally not recommended.

Why Plan 912 stands out

• Fully guaranteed maturity and death benefits — no market risk.
• Predictable Guaranteed Additions every year.
• Limited premium — pay for a fixed number of years, keep the policy active till maturity.
• Flexible PPT and strong protection multiples (7× / 10×).

LIC Nav Jeevan Shree Plan 912 with Example

Example (illustrative figures):

• Age: 30 years
• Basic Sum Assured: ₹10,00,000
• PPT: 12 years
• Policy Term: 20 years
• Approx. Annual Premium (incl. GST): ₹1,00,895

Totals (approx):

• Total Premium paid: ₹1,00,895 × 12 = ₹11,86,837
• Approx GA (9.5% × annual premium): ₹9,585/year → total GA ≈ ₹1,91,700
• Estimated Maturity: Basic SA ₹10,00,000 + GA ₹1,91,700 = ₹11,91,700

Note: Figures here are illustrative and should be verified with LIC’s official calculator or with an LIC agent.

How agents can sell Plan 912 — practical tips

1. Ask need-based questions: Find out goals (education, marriage, debt, retirement), risk appetite and premium affordability.
2. Connect emotionally and practically: Link the plan to the client’s goal (e.g., child education, family protection).
3. Use simple language: Avoid jargon. Explain guaranteed additions, maturity and death benefits plainly.
4. Show a clear calculation: Visual proof of premium, total paid, GA and maturity builds trust.
5. Compare fairly: Offer comparisons with FD, PPF, ULIP highlighting guaranteed safety and insurance cover.

Limitations — honest points to mention

• Moderate returns compared to market-linked investments (equities, ULIPs).
• Early surrender reduces benefits significantly.
• Full benefits require timely premium payments throughout the PPT.

Conclusion

LIC Nav Jeevan Shree Plan 912 is a good option for customers who want a conservative, predictable savings product with life cover. It works well for disciplined savers planning 15–20 years ahead, and for families who prioritise guaranteed outcomes over market-linked returns.

If you want, you can ask for ready-made SEO blog version, a downloadable PDF brochure, an FAQ section customised for your website, or a premium calculator embeddable as HTML/JS.

Frequently Asked Questions (FAQ)

Q: Is Plan 912 linked to stock markets?

A: No. It is a Non-Linked, Non-Participating plan with guaranteed additions — no exposure to market risk.

Q: When are Guaranteed Additions paid?

A: Guaranteed Additions are added yearly till completion of the premium paying term as per the policy brochure.

Q: Can I take a loan against this policy?

A: Yes. Loans are available once surrender value has accrued as per LIC rules.

Q: Are the figures in this article exact?

A: No. Figures are illustrative. Always verify exact premium and GA rates using LIC’s official calculator or sales brochure.