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Lic Navjeevan
VS
Lic Bima Shree
| PLAN DETAILS |
Lic Navjeevan |
Lic Bima Shree |
| Premium Including GST | ||
| Key Features (Key features of the plan) |
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| Plan Uniqueness |
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| Plan Maturity age | Maximum Maturity Age - 80 years | Maximum Maturity Age - 55 years |
| Premium payment term | 10 to 18 years | 10 to 16 years |
| Plan Entry Age | Minimum Age - 90 days Maximum Age - 65 years | Minimum Age - 8 years Maximum Age - 45 years |
| Sum assured | Rs 1 lakhs to No limit | Rs 10 lakhs to No limit |
| Premium payment frequency | Annual, half-yearly, quarterly & monthly | Annual, half-yearly, quarterly & monthly |
| Plan Sample Premium | - | - |
| Plan Brochure | Brochure URL | Brochure URL |
| Policy tenure | Minimum term - 10 years Maximum term - 18 years | Minimum term - 14 years Maximum term - 20 years |
| Claim Settlement Ratio (2024-25) | 98.5% | 98.5% |
LIC Navjeevan is a newly launched plan by the Life Insurance Corporation of India. It is a non-linked with profit endowment assurance plan. It is a comprehensive plan that offers financial support to the family in case of unfortunate death of the policyholder at any time before maturity and a lump sum amount after maturity would go to the survivors of the policyholder.
Under LIC Navjeevan Plan, the insured has the option, he/she can pay the premium either as Lumpsum (Single premium) or as Limited Premium with a premium payment term of 5 years. The interested one can easily buy the same through the online application process or can visit the nearest branch for the same
The plan is available for ages 90 days to 65 years with an option to choose risk sum assured from age 45 years onwards. It is an Income tax-compliant plan. It also takes care of liquidity needs with its loan facility.
LIC Navjeevan Plan offers you a range of benefits including:
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