LIC Nav Jeevan Shree - Single Premium Plan 911
Calculate Your Premium & Maturity Benefits
📋 Plan Features
- Plan Type: Single Premium Endowment Plan
- Guaranteed Additions: ₹85 per ₹1000 Sum Assured per year
- Policy Term: 10 to 20 years
- Premium Payment: One-time single payment
- Minimum Sum Assured: ₹1,00,000
💰 Your Premium & Benefit Details
Single Premium (One-time Payment)
Equivalent Yearly Premium
Approximate annual equivalent for comparison
📊 Maturity & Death Benefits
| Benefit Type | Amount |
|---|---|
| Basic Sum Assured | - |
| Total Guaranteed Additions | - |
| Total Maturity Benefit | - |
| Death Benefit (if death occurs) | - |
📝 Important Notes
- Guaranteed Additions: ₹85 per ₹1,000 Sum Assured annually
- Death benefit includes Sum Assured + Accrued Guaranteed Additions
- Premium calculation is approximate and based on official LIC rates
- Actual premium may vary based on underwriting and medical examination
- GST and other taxes are additional as applicable
LIC Nav Jeevan Shree Single Premium Plan 911 is a savings and protection policy from Life Insurance Corporation of India (LIC) that requires a one-time payment. It builds wealth through guaranteed additions while offering life cover.
LIC Nav Jeevan Shree—Single Premium Plan 911
This non-participating, non-linked endowment plan suits those wanting simple, guaranteed returns without ongoing premiums. You pay a lump sum once, and it grows with fixed additions each year.
The plan launched on July 4, 2025, as part of two new offerings (911 single premium and 912 limited premium). No withdrawal or discontinuation date appears in official sources as of January 2026.
Key highlights include policy terms from 5 to 20 years, high guaranteed additions of Rs 85 per Rs 1,000 basic sum assured annually, and flexible death benefit options.
Key Features
Guaranteed additions accrue every policy year, making returns predictable. Maturity pays the basic sum assured plus all additions.
Death benefits come in two options chosen at entry. Riders like accidental death or term assurance add extra protection.
Loans and surrender options provide liquidity needs. Settlement in installments is possible for maturity or death claims.
Eligibility Criteria
Minimum entry age is 30 days completed. The maximum is 60 years (nearer birthday) for the Option I death benefit or 40 years for Option II.
Minimum maturity age is 18 years. Maximum maturity age reaches 75 years (Option I) or 60 years (Option II).
The basic sum assured starts at Rs 1 lakh. Premium multiples are Rs 10,000 up to Rs 2 lakh, then Rs 25,000 above.
Premium Details
Single premium is the only mode; there are no yearly or monthly payments. The exact amount depends on age, term, and sum assured; use official calculators for quotes.
For example, a Rs 10 lakh sum assured for a newborn over 19 years might cost around Rs 8.91 lakh (including taxes).
GST applies at current rates (around 4.5%). No free-look period refunds after risk starts, minus expenses.
Benefits Explained
Maturity Benefit
On survival to term end, get basic sum assured + accrued guaranteed additions (Rs 85/₹1,000/year). For Rs 10 lakh sum assured over 20 years, additions total Rs 17 lakh, and maturity is ~Rs 27 lakh.
Death Benefit
If death occurs:
- Option I: Higher of 1.25 times the tabular single premium or the basic sum assured, plus additions.
- Option II: 10 times tabular single premium, plus additions.
For minors under 8, risk starts later; early death returns premium minus costs.
Sample Illustration Table
Here is a customized example for age 0, 19-year term, and an Rs 10 lakh sum assured (premium ~Rs 8.91 lakh).
| Policy Year | Cumulative Premium (Rs) | Yearly GA (Rs) | Cumulative GA (Rs) | Maturity/Death Cover (Rs) | Loan Value (Rs) |
|---|---|---|---|---|---|
| 1 | 8,91,550 | 85,000 | 85,000 | 10,00,000 | 7,56,018 |
| 5 | 8,91,550 | 85,000 | 4,25,000 | 15,39,438 | 9,96,219 |
| 10 | 8,91,550 | 85,000 | 8,50,000 | 19,64,438 | 14,05,199 |
| 15 | 8,91,550 | 85,000 | 12,75,000 | 23,89,438 | 19,82,257 |
| 19 | 8,91,550 | 85,000 | 16,15,000 | 26,15,000 | 26,15,000 |
How the Calculator Works
A LIC Nav Jeevan Shree Plan 911 calculator estimates premium, maturity, and death benefits instantly. Input age, gender, term, sum assured, and death option.
It factors tabular premiums, additions rate (Rs 85/₹1,000), and taxes. Output shows IRR (often 5-6% guaranteed).
Free tools exist online; the official LIC site has premium calculators: LIC Premium Calculator
Steps:
- Enter entry age and desired maturity age.
- Choose sum assured or target maturity.
- Select the death benefit option.
- View the breakdown of premium, GA accumulation, and total payout.
This helps compare with fixed deposits or other plans.
Riders and Add-ons
Optional riders:
- LIC’s Accidental Death and Disability Benefit Rider (ADDB).
- LIC’s Term Assurance Rider.
These boost cover for accidents or extra term insurance. Premiums added to single payment.
Loan and Surrender
A child’s loan is available after year 2, up to 90% of surrender value. Example: Rs 7.5 lakh loan on Rs 10 lakh policy early on.
Surrender anytime: Higher of guaranteed surrender value (GSV) or special surrender value (SSV). GSV = 70-80% premiums + additions (varies by year).
Who Should Buy This Plan
Ideal for parents securing a child’s future, retirees parking lump sums safely, or anyone with one-time cash for guaranteed growth.
Not for high-risk investors seeking equity returns. Compare IRR with bank FDs (currently ~7%, but taxable).
Tax Benefits
Maturity and death benefits are tax-free under Section 10(10D). Premiums qualify for Section 80C deduction up to Rs 1.5 lakh.
Consult a tax advisor; rules change. GST on premiums is not deductible.
Comparison with Other Plans
Versus LIC Single Premium Endowment (older plan): higher GA rate (85 vs lower), better death options.
Better than FDs for life cover inclusion. Vs mutual funds: No market risk, but lower returns.
How to Purchase
Approach an LIC agent or branch. Online via LIC portal post-KYC. Proposers in India only.
Documents: ID proof, age proof, and medical if a high sum is assured. Free look for 15 days.
Common Misconceptions
Not a pension plan pure endowment. GA guaranteed, no bonuses. The death benefit is not always 10x the premium due to “tabular.”
FAQs
What is the minimum premium?
Rs 1 lakh, in specified multiples.
Can I change death benefit option later?
No, chosen at entry.
Is medical test required?
For high ages/sums, yes.
What is IRR on maturity?
Around 5.5-6.5% depending on term.
Loan interest rate?
Policy rate + spread = ~9%.
Is revival possible if surrendered?
No, surrender is final.
Conclusion
LIC Nav Jeevan Shree Plan 911 offers reliable savings with life protection via a single premium and strong guaranteed additions. Use the calculator to plan your finances wisely and secure family needs.
