LIC Nav Jeevan Shree (912) — Features, Benefits & Premiums
Nav Jeevan Shree (Plan 912) is a non-linked, limited-premium, non-participating savings plan: you pay for a short term, LIC adds Guaranteed Additions every year, and you get a guaranteed lump sum at maturity — plus life cover throughout.
What Nav Jeevan Shree 912 offers
- Guaranteed Additions (GA): a fixed amount is added to your policy for every year, so your maturity value is known in advance — no dependence on bonuses or markets. Higher sum-assured gets a higher GA rate.
- Limited premium: choose a premium-paying term of 6, 8, 10, 12 or 15 years while cover runs for the full policy term (10–20 years).
- Two death-cover options: Option I — higher of 7× annual premium or Basic Sum Assured; Option II — higher of 10× or Basic Sum Assured. The premium differs by option.
- Entry age: 90 days to 60 years; maximum maturity age 75.
- Optional riders and loan facility once the policy acquires value.
Check your exact premium
Nav Jeevan Shree is now on our premium calculator with every policy-term / paying-term combination (Option I). For example, a 30-year-old taking ₹10 lakh cover with a 20-year term and 12-year paying term pays about ₹95,150 a year (before GST).
Calculate my Nav Jeevan Shree premium →
Like all traditional guaranteed plans, Nav Jeevan Shree trades growth for certainty — its effective return works out to roughly 5–6% a year. That’s genuinely useful for the part of your money that must stay safe, but it is not a wealth-builder. Keep your protection in a cheap term plan and your long-term growth in equity, and use a guaranteed plan like this only for a deliberate safe slice. Not sure how much belongs where? Build your split with Plan Banao.
Educational information, not individual advice. Premiums are computed from LIC’s official Plan 912 rate tables (Option I); your exact premium depends on age, term, paying term, option and GST. Confirm with LIC before buying. BimaJaano is independent and not affiliated with LIC or IRDAI.