LIC Nivesh Plus Plan 749 Calculator

Investing wisely while securing your family’s future is a priority for many. For those who seek a perfect blend of insurance protection and market-linked growth, the LIC Nivesh Plus Plan 749 stands out as an excellent option. This article explains all about LIC Nivesh Plus Plan 749 and how its calculator helps you easily estimate premiums, returns, and benefits.

What is LIC Nivesh Plus Plan 749?

LIC Nivesh Plus Plan 749 is a Unit Linked Insurance Plan (ULIP) offered by LIC that gives you the combined benefits of life insurance protection and investment growth. Launched on October 14, 2024, this plan requires a single premium payment—which means a one-time lump sum payment—and invests your money in various market-linked funds to generate potentially high returns over the policy term.

The plan is suitable for people who want long-term wealth creation along with financial protection for their loved ones. It gives the flexibility to choose from different investment funds based on your risk appetite. Additionally, it offers guaranteed additions and options for partial withdrawals after a lock-in period.

Key Features of LIC Nivesh Plus Plan 749

These features make LIC Nivesh Plus Plan 749 a flexible and attractive investment and insurance tool.​

Benefits of LIC Nivesh Plus Plan 749

Dual Advantage: Insurance + Investment

Unlike traditional insurance plans, this is a ULIP, meaning it provides a life insurance cover during the policy term along with an opportunity to invest in market-linked funds to grow your wealth.

Guaranteed Additions

The policy provides guaranteed additions at specified intervals—this means that your fund value gets boosted by a fixed percentage of the single premium after completing certain policy years:

• End of 6 years – 3%
• End of 10 years – 4%
• End of 15 years – 5%
• End of 20 years – 6%
• End of 25 years – 7%

These guaranteed additions enhance your returns as a bonus on your investment.​

Flexible Investment Options

You can choose among four funds depending on your risk appetite:

• Bond Fund: Low-risk, steady income focus.
• Secured Fund: Balanced between bonds and some equity.
• Balanced Fund: Mix of equity and fixed income for moderate risk.
• Growth Fund: High equity exposure, suited for higher risk and long-term growth.

Switching between funds is allowed, helping you manage your portfolio actively.​

Death Benefit

In case of the policyholder’s death during the policy term, the nominee receives the higher of:

• Basic Sum Assured (adjusted for partial withdrawals),
• Unit Fund Value, or
• 105% of the single premium paid.

This ensures financial protection to your family.​

Maturity Benefit

If you survive the policy term, the fund value based on prevailing NAV (Net Asset Value) is paid out as a lump sum. This amount includes all investment returns and guaranteed additions accumulated over the term.​

Partial Withdrawals

After the mandatory 5-year lock-in period, partial withdrawals are allowed, giving financial flexibility in emergencies without surrendering the policy.​

Rider Options

You can enhance your coverage by opting for additional benefits like LIC’s Linked Accidental Death Benefit Rider under the plan to provide extra protection.​

Eligibility Criteria

• Minimum Entry Age: 90 days
• Maximum Entry Age:
  • Option 1: 70 years
  • Option 2: 35 years
• Policy Term: 10 to 25 years based on selected option
• Minimum Premium: ₹1,00,000
• Maximum Premium: No limit (in multiples of ₹10,000).​

Understanding the LIC Nivesh Plus Plan 749 Calculator

The LIC Nivesh Plus Plan 749 Calculator is an online tool that helps you estimate your premiums, maturity benefits, and returns based on the amount you want to invest and your chosen policy term. The calculator takes into account:

• Single premium amount
• Chosen sum assured multiplier (1.25x or 10x)
• Policy term
• Fund selection preferences
• Expected returns based on historical NAVs and guaranteed additions

This tool helps potential investors make an informed decision by showing an estimate of what to expect at maturity or in case of unforeseen events.

How to Use the LIC Nivesh Plus Plan 749 Calculator?

1. Enter the Single Premium: Start by entering the lump sum amount you plan to invest.
2. Choose Policy Term: Select from available tenures, like 10, 15, 20, or 25 years.
3. Select Sum Assured Option: Pick either 1.25 times or 10 times the premium based on your coverage preference.
4. Pick Investment Fund: Decide the fund type based on your risk level.
5. Submit for Calculation: The calculator will then provide the estimated maturity amount and other benefits.

Using this calculator simplifies planning your investment and helps tailor the policy as per your financial goals.​

Advantages of Using the LIC Nivesh Plus Calculator

• Quick Estimates: Saves time by giving instant return and premium calculations.
• Financial Planning: Helps in budgeting investment amounts and understanding future benefits.
• Risk Assessment: Allows trying different fund options to see how risk and returns vary.
• Ease of Comparison: Enables comparing returns over different policy terms or premium amounts.
• Transparency: Removes guesswork from complex calculations, offering clarity.​

For ease, the official LIC India website or trusted insurance portals provide this calculator tool.

Charges and Costs in LIC Nivesh Plus Plan 749

Understanding charges is important as they impact overall returns:

• Premium Allocation Charge: Around 3.3% for offline and 1.5% for online policy purchases.
• Fund Management Charge (FMC): Approximately 1.35% per annum on the fund value.
• Mortality Charges: Based on age, sum at risk, and policy term.
• Switching Charges: First four fund switches are free; subsequent switches may cost ₹100 each.
• Partial Withdrawal Charges: Minimal or no charge after lock-in.​

These charges are competitive compared to similar ULIP plans and reflect in the net fund value.

Tax Benefits of LIC Nivesh Plus Plan 749

This plan qualifies for tax benefits under Indian Income Tax laws:

• Premiums paid qualify for deduction under Section 80C (up to ₹1.5 lakh).
• Maturity proceeds are tax-free under Section 10(10D), subject to conditions.
• Death benefits are also exempt from tax.

These provisions enhance the plan’s attractiveness for long-term savings.​

Sample Calculation Using the LIC Nivesh Plus Plan 749 Calculator

Suppose you invest ₹1,25,000 as a single premium with a policy term of 15 years and choose the sum assured option of 1.25 times the premium. You select the Balanced Fund for moderate returns.

• Your initial fund value starts after premium allocation charge deduction.
• Over 15 years, the policy adds guaranteed additions of 5% of the premium.
• Based on historical fund performance, your investment grows annually.
• At maturity, you receive the accumulated fund value plus guaranteed additions as the maturity amount.

The exact lump sum will depend on market performance but using the calculator provides a close estimate to help plan better.​

Why Choose LIC Nivesh Plus Plan 749?

Choosing the right investment is important for financial security. LIC Nivesh Plus offers several compelling reasons:

• Single Premium Payment: A convenient, one-time payment plan.
• Dual Benefits: Combines life cover and investment, unlike pure term plans.
• Guaranteed Additions: Boosts returns predictably.
• Flexibility: Multiple fund options and partial withdrawals.
• Tax Efficiency: Enjoys available income tax benefits.
• Reputed Insurer: Backed by LIC, India’s largest and trusted insurer.
• Competitive Charges: Reasonable fees for fund management and switching.​

Important Tips When Using LIC Nivesh Plus Plan 749 Calculator

• Always input accurate details like your age, premium amount, and policy term.
• Try different fund options to analyze their risk-return profile.
• Consider your financial goals—policy term should align with when you need the money.
• Use the sum assured wisely—higher multiples increase insurance cover but reduce investment amount.
• Review charges and rider options before final commitment.
• Revisit the calculator periodically to see updated NAVs and expected returns.

Frequently Asked Questions

Conclusion

The LIC Nivesh Plus Plan 749 is a straightforward, effective investment-linked insurance plan ideal for individuals seeking both financial growth and protection in a single product. Its one-time premium payment, diverse fund options, guaranteed additions, and death benefits provide a solid foundation for long-term wealth planning.