Pays the rider SA on accidental death; on permanent disability, pays the SA in monthly instalments over 10 years and waives all future premiums.
Tick to add this rider — base premium stays unchanged until selected.
Calculators LIC plans Endowment
LIC Nav Jeevan Shree · Plan 912
Newer participating endowment with limited-pay options.
Asymmetrica · LIC plan report
LIC Nav Jeevan Shree · Plan 912
Generated 28 May 2026
In short
LIC Nav Jeevan Shree (Plan 912) is a participating, limited-pay endowment introduced in the 2024+ wave — LIC's attempt to make endowment more attractive to time-pressed earners by collapsing the premium-paying window. PPT options of 5, 7, or 10 years against a longer policy term (typically 15–25 years) mean you finish paying early but keep the bonus accruing through the deferral. Bonus rates inherit the standard LIC participating fund SRB and FAB; the 2025 valuation rates apply.
Default scenario at a glance
Numbers below are computed from the latest declared bonus rate (₹50/1000 SA/yr) for a 30-year-old buying ₹5 lakh sum assured for 20 years (PPT 7). Use the calculator below to change any input.
- Annual premium
- ₹55,000
- Total premiums (over PPT)
- ₹3,85,000
- Maturity value i
- ₹10,35,000
- Implicit XIRR i
- 5.9%
- Net gain over premiums
- ₹6,50,000
- Final additional bonus (FAB) i
- ₹35,000
All figures above use LIC's last declared bonus and FAB rates. Bonus rates are reviewed by LIC each year and are not guaranteed for the future — your actual maturity payout may be higher or lower.
Want to verify the XIRR against your actual premium dates? Enter your premiums in the XIRR calculator →
Year-by-year projection (20 years) — show table
| Year | Cumulative premiums | Vested bonus | Death benefit (if claim this year) |
|---|---|---|---|
| 1 | ₹55,000 | ₹25,000 | ₹5,25,000 |
| 2 | ₹1,10,000 | ₹50,000 | ₹5,50,000 |
| 3 | ₹1,65,000 | ₹75,000 | ₹5,75,000 |
| 4 | ₹2,20,000 | ₹1,00,000 | ₹6,00,000 |
| 5 | ₹2,75,000 | ₹1,25,000 | ₹6,25,000 |
| 6 | ₹3,30,000 | ₹1,50,000 | ₹6,50,000 |
| 7 | ₹3,85,000 | ₹1,75,000 | ₹6,75,000 |
| 8 | ₹3,85,000 | ₹2,00,000 | ₹7,00,000 |
| 9 | ₹3,85,000 | ₹2,25,000 | ₹7,25,000 |
| 10 | ₹3,85,000 | ₹2,50,000 | ₹7,50,000 |
| 11 | ₹3,85,000 | ₹2,75,000 | ₹7,75,000 |
| 12 | ₹3,85,000 | ₹3,00,000 | ₹8,00,000 |
| 13 | ₹3,85,000 | ₹3,25,000 | ₹8,25,000 |
| 14 | ₹3,85,000 | ₹3,50,000 | ₹8,50,000 |
| 15 | ₹3,85,000 | ₹3,75,000 | ₹8,75,000 |
| 16 | ₹3,85,000 | ₹4,00,000 | ₹9,00,000 |
| 17 | ₹3,85,000 | ₹4,25,000 | ₹9,25,000 |
| 18 | ₹3,85,000 | ₹4,50,000 | ₹9,50,000 |
| 19 | ₹3,85,000 | ₹4,75,000 | ₹9,75,000 |
| 20 | ₹3,85,000 | ₹5,00,000 | ₹10,00,000 |
Run the numbers
Premium, maturity, and the year-by-year cash value at the latest declared bonus rate. Toggle the 3-scenario view to see a pessimistic / base / optimistic spread.
Assumptions
- Age
- 30 yrs
- Sum assured
- ₹5,00,000
- Policy term
- 20 yrs
- Premium-paying term
- 7 yrs
- Premium frequency
- yearly
- Bonus scenario
- base (50/1000 SA)
yrs
₹
Policy term
Premium paying term
Premium frequency
Maturity at year 20
₹10,35,000
At base bonus rate (50/1000 SA)
Base annual premium
₹55,000
GST-free since 22 Sep 2025
Total paid (over 7 yrs)
₹3,85,000
Implicit XIRR
5.95%
Lower than NIFTY 50; that's expected.
Net gain
₹6,50,000
Maturity value and FAB use LIC's last declared bonus rates. These are reviewed each year and are not guaranteed for the future — actual payouts can be higher or lower.
Bonus assumption:
Optional Riders
Add-ons that increase cover for an extra annual premium—capped at 30% of the base premium. You can pick either ADDB or AB, not both.
0 / 6 active +₹0/yr
Pays the rider SA in lump sum on accidental death within 180 days. Death-only — no disability cover.
Tick to add this rider — base premium stays unchanged until selected.
Adds pure term life cover for a nominal premium. Inception-only — cannot be bolted on later.
Tick to add this rider — base premium stays unchanged until selected.
Waives all future base-policy premiums on death of the proposer. Designed for child plans (proposer = parent, life assured = minor).
Tick to add this rider — base premium stays unchanged until selected.
Lump sum payout on diagnosis of any covered critical illness. Choose between a 15-illness or 40-illness option. Inception-only.
Tick to add this rider — base premium stays unchanged until selected.
For female policyholders only. Covers female-specific illnesses, pregnancy complications and congenital anomalies in the child. Inception-only.
Tick to add this rider — base premium stays unchanged until selected.
Year-by-year cash value (illustrative) What does this mean?
| Year | Total paid | Estimated cash value |
|---|---|---|
| 1 | ₹55,000 | ₹25,000 |
| 2 | ₹1,10,000 | ₹50,000 |
| 3 | ₹1,65,000 | ₹75,000 |
| 4 | ₹2,20,000 | ₹1,00,000 |
| 5 | ₹2,75,000 | ₹1,25,000 |
| 6 | ₹3,30,000 | ₹1,50,000 |
| 7 | ₹3,85,000 | ₹1,75,000 |
| 8 | ₹3,85,000 | ₹2,00,000 |
| 9 | ₹3,85,000 | ₹2,25,000 |
| 10 | ₹3,85,000 | ₹2,50,000 |
| 11 | ₹3,85,000 | ₹2,75,000 |
| 12 | ₹3,85,000 | ₹3,00,000 |
| 13 | ₹3,85,000 | ₹3,25,000 |
| 14 | ₹3,85,000 | ₹3,50,000 |
| 15 | ₹3,85,000 | ₹3,75,000 |
| 16 | ₹3,85,000 | ₹4,00,000 |
| 17 | ₹3,85,000 | ₹4,25,000 |
| 18 | ₹3,85,000 | ₹4,50,000 |
| 19 | ₹3,85,000 | ₹4,75,000 |
| 20 | ₹3,85,000 | ₹10,35,000 |
Our take
Should you buy Nav Jeevan Shree?
Nav Jeevan Shree targets the earner who can deploy a meaningful annual premium for a short window (high-income years 35–45, say) but wants the maturity to land much later (early retirement, child's wedding, second-home down payment). Structurally it is closer to Jeevan Lakshya without the income-replacement death feature — a clean limited-pay endowment with the standard SRB/FAB upside. Because the plan is newer (post-2024 IRDAI surrender reforms), the surrender mechanics are the more favourable G-Sec-benchmarked SSV from year one onwards. We do not yet model premium tariffs in the calculator pending confirmed published tables; the page provides decision context and references.
- Limited-pay endowment: PPT of 5, 7, or 10 years against a longer policy term means premium discipline is concentrated in your peak earning years.
- Participating bonuses (SRB + FAB) accrue through the full policy term, not just the PPT — the deferral period is the source of the leverage.
- Subject to LIC's 2025 valuation SRB rate (₹53/1000 SA for the SA ≥ ₹5L slab) and FAB ladder; future declarations may compress.
- Post-2024 IRDAI surrender framework: GSV from year 1, SSV benchmarked to G-Sec + 50 bps — more forgiving than older plans.
- Best paired with a separate term plan — the death benefit on a 5-pay or 7-pay policy is structurally modest relative to the long deferral.
- Calculator output is illustrative — the tabular premium and bonus rates used here are reasoned estimates pending confirmation of LIC's published tariff tables for this newer plan.
Asymmetrica isn't an insurance advisor. The opinions above are editorial; the numbers in the calculator are computed from the plan's own brochure. Read both, then decide.
Deep dives
More on Nav Jeevan Shree
-
Full review
Who it works for, who it doesn't, what tends to go wrong over the term, and how our take compares with other reviewers.
-
Surrender value
Year-by-year GSV vs SSV table for the default scenario, with plan-specific notes on when exiting actually breaks even.
-
Tax treatment
§80C eligibility, §10(10D) maturity exemption, the 10× SA rule, and how each clause applies to a typical buyer of this plan.
Plan reference
Eligibility & limits
- Category
- Endowment
- UIN / plan number
- 912
- Plan status
- Active for sale
- Snapshot date
- 26 Apr 2026
Entry age, term and sum-assured bands are on the official plan page; we'll mirror them here once the per-plan facts are extracted.
Paid-up value
Stop premiums after at least 2 full years and the policy stays in force as a paid-up policy at a reduced sum assured. Already-vested bonuses are preserved; no new bonuses accrue.
Policy loan
Once the policy has a surrender value (typically year 3), you can borrow up to 90% of it from LIC at the prevailing policy-loan rate — short-term liquidity without giving up the policy's bonuses.
Sources
Last updated · site changelog