If you’re searching for a smart investment plan that provides both insurance and growth opportunities, then LIC Nivesh Plus Plan 749 could be a perfect match. It’s a unit-linked insurance plan (ULIP) offered by the Life Insurance Corporation of India (LIC), designed to help you invest and secure your future under one umbrella.

What Is LIC Nivesh Plus Plan 749?

LIC Nivesh Plus Plan 749 is a single premium ULIP policy. This means you pay the premium once, and the money is invested in the market through LIC’s various fund options. The policy offers both life cover and investment growth over the policy term.

Unlike a traditional LIC endowment plan that gives guaranteed returns, Nivesh Plus invests your premium in market-linked funds. The returns depend on how the market performs.

This plan is perfect for those who wish to:

• Invest a lump sum amount once.
• Enjoy the dual benefit of insurance + investment.
• Get flexibility in choosing the risk level and investment fund.

Key Features of LIC Nivesh Plus Plan 749

1. Single premium plan: Pay only once and enjoy coverage throughout the policy term.
2. Flexible policy term: Choose from 10 to 25 years according to your financial goal.
3. Death and maturity benefits: Get life cover during the term and returns on maturity.
4. Fund options: Choose between Bond, Secured, Balanced, or Growth Fund as per your risk appetite.
5. Liquidity through partial withdrawal: Withdraw part of your fund value after 5 years if needed.
6. Switching option: Shift your investment from one fund to another as per market conditions.
7. Tax benefits: Enjoy benefits under Section 80C and 10(10D) of the Income Tax Act (subject to conditions).

Understanding How Nivesh Plus Works

When you buy LIC Nivesh Plus Plan 749, your single premium (after deducting charges) is invested into your chosen fund. The units are then allocated to your policy based on the Net Asset Value (NAV) of that fund.

Here’s the basic process:

1. You pay the single premium.
2. LIC deducts applicable charges.
3. Remaining amount is invested in the chosen fund option.
4. Units are allotted based on NAV.
5. Fund value keeps changing according to the market.
6. At the end of the term, you receive the maturity value (fund value).
7. In case of death, your nominee gets the Sum Assured or Fund Value (whichever is higher).

Fund Options in LIC Nivesh Plus

LIC offers four fund options under this plan. You can choose one or switch between them later.

Fund Type	Investment Composition	Suitable For	Risk Level
Bond Fund	Govt. securities, corporate bonds	Investors seeking stability	Low
Secured Fund	Mix of debt and a small part in equity	Balanced safety with slight growth	Low to Medium
Balanced Fund	Equal mix of equity and debt	Moderate risk takers	Medium
Growth Fund	Majorly in equity investments	Aggressive investors	High

The choice of fund can significantly affect your future returns. If you are comfortable with market risk, the Growth Fund may give higher returns. On the other hand, if you prefer safety, the Bond Fund is a better choice.

LIC Nivesh Plus Plan 749 Calculator

The LIC Nivesh Plus Plan 749 Calculator is a useful online tool that helps you estimate your maturity value, fund value, and expected return before investing. It gives a clear picture of what you can expect from your investment based on factors like premium, age, and fund performance.

Parameters the Calculator Uses

• Premium Amount: The single premium you plan to invest.
• Age of Policyholder: Determines risk coverage and eligibility.
• Sum Assured Option: Level Cover or Increasing Cover option.
• Fund Option: Choice among Bond, Secured, Balanced, or Growth fund.
• Expected Rate of Return (CAGR): Based on past fund performance.
• Policy Term: Duration (10–25 years).

Once you input these details, the calculator instantly displays your expected maturity value and fund growth.

How to Use LIC Nivesh Plus Plan 749 Calculator

Follow these simple steps to use the calculator effectively:

1. Visit LIC’s official website or a reliable LIC calculator tool.
2. Select the LIC Nivesh Plus Plan 749.
3. Enter your details such as age, gender, premium amount, and policy term.
4. Choose the fund type based on your risk level.
5. Select the cover option:
   • Level Sum Assured (fixed throughout policy term)
   • Increasing Sum Assured (increases every year)
6. Click on “Calculate.”
7. The tool will show:
   • Approximate maturity value
   • Fund value projection
   • Death benefit and risk coverage

You can try different fund choices and see how returns vary with each.

Example Calculation

Let’s take a simple example to understand how the calculator’s output works.

Example:
Mr. Arjun, 35 years old, invests ₹5,00,000 as a single premium in LIC Nivesh Plus for 20 years.
He chooses the Growth Fund and Level Sum Assured option.

• Premium allocation after charges: ₹4,75,000 (approx).
• Expected average growth rate: 8% per annum.
• After 20 years, the fund grows to roughly ₹22,15,000 (depending on NAV fluctuations).
• In case of death, nominee will get higher of Sum Assured or Fund Value.

This example is for illustration only. The actual benefit depends on LIC’s fund performance.

Plan Options: Level and Increasing Sum Assured

You can choose either of the two options while buying the plan:

1. Level Sum Assured Option:
   The life cover remains the same throughout the policy period. It’s straightforward and simple to understand.
2. Increasing Sum Assured Option:
   The life cover increases every policy year up to a certain limit. It suits those who wish to enhance family protection as time passes.

Death Benefit in LIC Nivesh Plus Plan

In case of the policyholder’s unfortunate death during the policy period:

• Death benefit = Higher of (Sum Assured or Fund Value)
• The amount paid will never be less than 105% of the premium paid (as per IRDAI rules).

Also, the fund value continues to participate in the market until the date of death claim settlement.

Maturity Benefit

At the end of the policy term, if the policyholder survives, the entire Fund Value is payable. There are no guaranteed maturity benefits because returns depend on market-linked performance. However, if invested wisely, returns can be quite rewarding.

Partial Withdrawal Feature

After the completion of 5 policy years, the policyholder can withdraw part of the fund value to meet financial needs.
Rules for withdrawal:

• Minimum withdrawal amount: ₹2,000.
• Maximum withdrawal limit: 20–25% of fund value.
• A minimum balance must remain in the policy after withdrawal.

This feature adds flexibility similar to modern investment products like mutual funds.

Charges Under LIC Nivesh Plus 749

LIC deducts certain charges to manage and administer the plan. Understanding these helps you know how your money is used.

Type of Charge	Description
Premium Allocation Charge	3.30% of Single Premium (reduced for higher premiums).
Policy Administration Charge	Flat ₹40 per month for the first 5 years, then ₹20/month.
Fund Management Charge	1.35% per year of the fund value.
Mortality Charge	Based on age and life cover amount.
Switching Charge	No charge for the first 4 switches per year; afterward ₹100 each.

These charges are deducted from your fund value and are already considered when you use the calculator.

Surrender Value

You can surrender the policy anytime after purchasing it. However, surrendering early may reduce returns.

• Before 5 years: Fund value will be transferred to a Discontinued Policy Fund and payable after lock-in.
• After 5 years: You receive the full Fund Value without deduction.

So, ideally, keep the plan active for the entire term to enjoy maximum returns.

Rider and Additional Benefits

Currently, LIC Nivesh Plus doesn’t allow additional riders like accidental or critical illness cover. However, you can purchase separate LIC riders with other plans if needed.

Still, the plan gives plenty of flexibility in switching funds, partial withdrawals, and increasing life cover options.

Tax Benefits

• Premiums paid qualify for deduction under Section 80C up to ₹1.5 lakh.
• Maturity proceeds are exempt under Section 10(10D), provided the sum assured is at least 10 times the premium.

However, as per new tax regime updates, always check if these benefits apply to your chosen mode of taxation.

Why Use LIC Nivesh Plus Plan 749 Calculator?

Many investors find it hard to visualize how their single premium grows over time. The Nivesh Plus Calculator helps you see clear projections before you buy the policy.

Benefits of using the calculator:

• Quick fund growth estimation.
• Compare multiple fund options.
• Decide the ideal policy term and sum assured.
• Plan your financial goal easily (child education, retirement, etc.).
• Avoid underestimating or overestimating returns.

Pros and Cons of LIC Nivesh Plus Plan

Advantages	Disadvantages
One-time premium, no need for yearly renewal	Market risk involved – returns not guaranteed
Multiple fund options for flexibility	No additional rider benefits
Offers life insurance + investment together	Lock-in period of 5 years
Allows partial withdrawal for emergencies	Death benefit limited to higher of Sum Assured or Fund Value
Tax savings under Section 80C & 10(10D)	Performance depends entirely on NAV movement

Who Should Invest in This Plan?

This plan suits you if:

• You have a lump sum to invest.
• You prefer balancing risk and insurance together.
• You want to stay invested for at least 10 to 20 years.
• You wish to participate indirectly in the stock market through a trusted insurer like LIC.

If your risk tolerance is low and you prefer fixed returns, LIC’s traditional plans (like Single Premium Endowment or Jeevan Shanti) might be better choices.

Tips to Get the Best Returns from LIC Nivesh Plus

1. Choose Growth or Balanced funds if you can handle market risk.
2. Stay invested for long-term (15–20 years) to average out market ups and downs.
3. Avoid premature withdrawals unless necessary.
4. Use LIC’s online portal to track your NAV and fund performance.
5. Check fund value at least once a year and switch funds if markets change.

Understanding NAV (Net Asset Value)

NAV is the price of one unit of your fund. It keeps changing daily depending on market movements.
For example:

• If your fund’s NAV is ₹20 and you have 10,000 units, your Fund Value = 20 × 10,000 = ₹2,00,000.
  When the NAV grows with the market, your investment value increases too.

LIC Nivesh Plus vs. Mutual Fund ULIPs

Feature	LIC Nivesh Plus ULIP	Mutual Fund ULIP
Investment Mode	Market-linked via LIC’s funds	Direct market mutual fund investment
Tax Benefits	Available	Available
Risk Level	Moderate to High	High
Premium Type	Single premium	Single or regular
Life Cover	Included	Not included
Regulation	IRDAI	SEBI

LIC Nivesh Plus is a safer option for those who want insurance protection along with equity exposure.

Real-Life Example – Practical Understanding

Suppose Mrs. Kavita, 30 years old, invests ₹3 lakh as a single premium with a policy term of 15 years under Growth Fund.
If the fund grows at an average of 8% yearly, the maturity value estimated using the LIC Nivesh Plus calculator is around ₹9.5–10 lakh.
In case of her accidental death after 8 years, her nominee would receive the higher amount between Sum Assured (₹3 lakh × 10 = ₹30 lakh) or the current Fund Value.

This example shows why Nivesh Plus is both a security and growth-oriented product.

Things to Keep in Mind Before Investing

• ULIPs have market risk. Don’t expect guaranteed returns.
• Always check the fund performance on LIC’s official site.
• Keep your policy statement and NAV records safe.
• Consider your financial objectives—retirement, children’s education, or savings goal.
• Use the calculator multiple times to explore different return scenarios.

LIC Nivesh Plus Policy Document Highlights

• Plan Number: 849 (previous variant was 849, latest ULIP series is 749).
• Policy Term: 10 to 25 years.
• Premium Payment Mode: Single.
• Entry Age: 90 days (min) to 70 years (max).
• Max Maturity Age: 85 years.
• Sum Assured Options: Level or Increasing.

These details ensure that almost any age group can take advantage of the policy if they have a lump sum to invest.

Why LIC Nivesh Plus Remains Popular

LIC is India’s most trusted insurer, and its ULIP plans have grown in popularity due to transparent fund management and strong brand trust. Nivesh Plus continues to attract investors because:

• It combines stability and growth.
• LIC funds are managed conservatively, reducing extreme volatility.
• Ease of online tracking and fund switching.
• Flexibility to withdraw or continue longer.

Step-by-Step Guide to Buying LIC Nivesh Plus Online

1. Visit licindia.in.
2. Go to Buy Online Policies.
3. Select Nivesh Plus (Table No. 749).
4. Fill in your personal details—name, age, contact, and premium.
5. Choose fund option and sum assured type.
6. Preview your estimated returns via the calculator.
7. Make payment securely through internet banking or UPI.
8. Receive your e-policy bond digitally.

It’s simple, safe, and can be done entirely online.

Why LIC Nivesh Plus 749 Calculator Is a Must-Use Tool

Before finalizing your policy, always use the calculator. It allows side-by-side comparison among:

• Different policy durations (10 vs. 20 years).
• Return outcomes under Growth vs. Balanced Fund.
• Sum assured options (Level vs. Increasing).

This practical insight ensures your investment aligns with your long-term goals.

Frequently Asked Questions (FAQs)

Conclusion

The LIC Nivesh Plus Plan 749 is one of the most flexible and modern ULIP policies from LIC. It’s ideal for investors who want to combine insurance protection with market-linked growth through a single premium investment.

The LIC Nivesh Plus Plan Calculator simplifies your planning process, helping you estimate returns, compare fund choices, and make informed decisions.
Whether you wish to save for your child’s higher education, your retirement, or simply invest your surplus amount securely, this plan offers a reliable and transparent platform.