LIC of India introduces new plans

New Delhi, July 15: Sat Pal Bhanoo, CEO & MD (In-Charge), Life Insurance Corporation of India on Tuesday launched new plans, LIC’s Nav Jeevan Shree (UIN: 512N387V01) and LIC’s Nav Jeevan Shree Single Premium (UIN: 512N390V01) on 04.07.2025.As per a statement issued here, the two new Plans launched are combinations of savings and protection and are specially designed to generate an adequate corpus to meet various needs of our life cycle.The purpose of LIC’s Nav Jeevan Shree (Plan 912) is to cater to the all the needs of individuals specifically of younger generation who wish to fulfill their dreams, goals, responsibilities and also provide security. LIC’s Nav Jeevan Shree (Plan 911) – A Single Premium policy is meant for building corpus along with providing life insurance.In the current environment when interest rates are very volatile, these two Plans provide Guaranteed Additions throughout the policy term. LIC’s Nav Jeevan Shree – (Plan 912) This is a Limited Premium endowment plan which provides Guaranteed Additions as a% of Tabular Premium. Premiums can be paid in terms of 6, 8, 10 & 12 years.LIC’s Nav Jeevan Shree – (Plan 912) Minimum Age at Entry is 30 days (completed). Maximum Age at Entry is 60 years(nearer birthday) for PPT 6,8 and 10 years, 59 years (nearer birthday) for PPT 12.Maximum Policy Term is 20 years. Premium Payment Term is 6,8,10 & 12 years. Minimum Basic Sum Assured Rs. 5,00,000. Maximum Basic Sum Assured – No Limit (subject to underwriting decision). Guaranteed Additions for an in-force policy during the policy term shall accrue at the end of each policy year.LIC’s Nav Jeevan Shree Single Premium (Plan 911): This Plan is a Single Premium Endowment plan with Guaranteed Additions. Guaranteed Additions shall accrue at the rate of Rs. 85 per thousand Basic Sum Assured at the end of each policy year from the inception till the end of Policy Term. Minimum Age at Entry is 30 days (completed). For more details, refer to the Sales Brochure on our website www.licindia.in.