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| LIC Nav Jeevan Shree Plan |
Nav Jeevan Shree - Single Premium is a non-participating, non-linked, individual savings endowment plan launched by the Life Insurance Corporation of India (LIC). The plan was launched on July 4, 2025, and is specifically designed for those who want secure and guaranteed returns for a long period by paying a one-time premium.
The plan offers a balanced combination of savings and protection, including guaranteed additions, two death benefit options, a loan facility, and flexible payout options. What makes it special is that it is a reliable single premium endowment plan.
What is LIC's Nav Jeevan Shree plan?
LIC Nav Jeevan Shree is a single premium endowment plan. This means that at the time of taking the policy, you have to pay the premium only once, and then you do not have to worry about any kind of premium payment for the entire policy period. This means that no separate payment is required.
This plan is non-participating; that is, it does not get a bonus, but instead all the benefits are fully guaranteed. The plan offers guaranteed additions that add up to Rs.85 per Rs.1,000 on Basic Sum Assured (BSA) every year.
LIC Nav Jeevan Shree Plan: Key Features
1. a single payment.
In this policy, the premium has to be paid only once. There is no need to pay a premium again and again.
• Guaranteed Additions
At the end of each policy year:
• Rs. 85. 1,000 Basic Sum Assured
• For the entire term of the policy
• The full edition is available even in the year of death.
3. Two options of Sum Assured on Death
• Option I,
• Option II
Customers can choose according to their needs.
4. Flexibility in policy term
• Term of the policy: 5 years to 20 years
• Option to take maturity and death benefits in a lump sum or installments
• Rider Benefits
Riders are available to increase safety by paying an additional premium (with certain conditions).
6. High Sum Assured Rebate
There is also a discount on the premium if you take a higher sum assured.
7. Loan facility
Loan facility is also available on the surrender value of the policy.
LIC Nav Jeevan Shree Plan: Eligibility Criteria
Entry age
• A minimum: 30 days (full)
Maximum:
• Option I: 60 years
• Option 2: 40 years
• POSP-LI / CPSC-SPV: 65 years—policy term
Maturity age
• A minimum of 18 years old
Maximum:
• Option I: 75 years
• Option 2: 60 years
• POSP-LI / CPSC-SPV: 65 years
Policy term
• A minimum of: A maximum of 5 years: 20 years
Premium Payment Term
• One-time payment (one-time)
Sum Assured
• A minimum of Rs. 100,000
• A maximum of: No Limit (Subject to Underwriting)
Death Benefit
In case of death during the policy term, the nominee will get:
Sum Assured on Death + Accumulated Guaranteed Additions
Option 1
• 1.25 times the Tabular Single Premium
or
• Basic Sum Assured
(whichever is greater)
Option 2
• Up to 10 times the Tabular Single Premium
In case of death before the commencement of risk at the age of less than 8 years, the single premium is refunded (without interest
How to get Guaranteed Editions?
• Rs. 85. 1,000 Basic Sum Assured
• At the end of each policy year
• For the entire term
• Full edition even in the year of death
Rider Benefits (Additional Protection)
Riders are not available in POSP-LI / CPSC-SPV policies.
• LIC Accidental Death and Disability
Benefit Rider
• Lumpsum on death in an accident
• Monthly installments over 10 years on permanent disability
Read Also:
LIC Nav Term Assurance Rider
• Additional term cover on death.
• Available only at the beginning of the policy
Settlement Options Maturity or Death Benefit:
• In 5 / 10 / 15 years
• Monthly / quarterly / half-yearly / yearly
• Can be paid in full or in part
Rebates
High Sum Assured Rebate:
• Sum assured as per the policy term
Online purchase
• 2% discount on Tabular Single Premium
Existing policyholder/nominee rebate
• Rs. 4 to Rs. 7 for Rs. 1,000 Basic Sum Assured
Loan facility
• 3 months after the policy is issued
• A maximum of 50% - 90% of the surrender value
• The rate of interest: Based on the prescribed G-Sec yield
Surrender Value
• Available at any time.
• GSV or SSV, whichever is greater
Guaranteed Surrender Value
• The first three years: 75% of the single premium
• After that: 90% of the single premium
• Value of Guaranteed Additions
Free look period
• 30 days from receipt of the policy
• Premium refund on cancellation of the policy in this period (after due deductions)
LIC Nav Jeevan Shree is a smart choice in 2026; it is a single premium plan and a strong option for those who want to invest once, want guaranteed returns, want to save with the safety of the family, or are looking for a plan without market risk. This is a very great plan for those people, and this plan provides a balance of security, stability, and trust, which is also the hallmark of LIC.
Before the final decision, read the policy brochure and choose the option as per your requirement.
Tags
Life Insurance